| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 40th | Poor |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 130 Birch St, Boone, NC, 28607, US |
| Region / Metro | Boone |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
130 Birch St, Boone NC Multifamily Investment
Renter demand appears durable, with the neighborhood s renter-occupied share ranking first among 21 Boone metro neighborhoods, according to WDSuite s CRE market data. Occupancy at the neighborhood level trends above the metro median, supporting stable leasing for smaller-unit product.
Located in Boone s inner-suburban fabric, the property sits in a neighborhood rated A+ (ranked 1 of 21 within the Boone metro), reflecting strong local fundamentals for daily needs and services. Amenity access is a relative strength: groceries, restaurants, parks, and pharmacies all rank 1 of 21 in the metro and benchmark in the top quartile nationally, which helps with tenant retention and day-to-day livability.
Renters dominate the housing stock locally the share of housing units that are renter-occupied ranks 1 of 21 in the metro and is in the top national percentile indicating a deep tenant base for multifamily. Neighborhood occupancy trends are above the metro median (rank 2 of 21), which supports leasing stability even for compact floor plans.
Within a 3-mile radius, recent population and household growth, alongside forecasts for additional household expansion by 2028, point to a larger renter pool over time. This growth backdrop, combined with rising median incomes in the area, supports demand for professionally managed apartments and can help sustain occupancy and rent collections.
Home values in the neighborhood benchmark above the national median and, relative to local incomes, reflect a high-cost ownership market (value-to-income ratio ranks 1 of 21 and is top nationally). For investors, this dynamic tends to reinforce rental reliance and can bolster pricing power for well-maintained units, though it also warrants attentive lease management where rent-to-income ratios run high.
The asset s 1972 construction is older than the neighborhood s average vintage (1988 rank 11 of 21), signaling a potential value-add or systems-modernization opportunity. Targeted capex toward finishes and building systems can improve competitive positioning against newer stock while preserving cost discipline.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location at this time. Investors commonly benchmark property-level incident history and broader Boone metro trends to contextualize safety, and monitor municipal and campus policing updates for directional indicators. Use consistent screening and site-level security practices to support leasing and retention.
This 20-unit, micro-footprint property benefits from a high renter concentration and amenity-rich surroundings that rank at the top of the Boone metro, supporting steady absorption and day-to-day convenience. Neighborhood occupancy trends sit above the metro median, and within 3 miles the expanding household base indicates a larger tenant pool ahead. Based on CRE market data from WDSuite, elevated home values relative to income reinforce renter reliance, which can sustain demand for smaller units when positioned and managed effectively.
Built in 1972, the asset likely requires ongoing capital planning; selective renovations and systems updates can unlock value versus the metro s newer stock while maintaining affordability relative to new construction. Lease management should account for rent-to-income pressures in the area, balancing rent growth with retention to protect cash flow through cycles.
- Top-ranked neighborhood amenities in Boone support retention and leasing velocity.
- High renter-occupied share indicates deep tenant demand for multifamily.
- Household growth within 3 miles expands the renter pool and supports occupancy stability.
- 1972 vintage offers value-add potential through targeted renovations and system upgrades.
- Risk: Elevated rent-to-income levels require careful pricing and retention management.