| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 67th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 919 Rock Cliff Rd, Boone, NC, 28607, US |
| Region / Metro | Boone |
| Year of Construction | 1996 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
919 Rock Cliff Rd Boone NC Multifamily Investment
Neighborhood fundamentals point to stable renter affordability and an owner-leaning area that can support durable tenancy, according to WDSuite’s CRE market data.
This suburban Boone location carries a B neighborhood rating and ranks 10 out of 21 within the metro, placing it above the metro median for overall positioning. Demographic indicators are competitive among Boone neighborhoods (ranked 5 of 21), with a well-educated local base and median incomes that compare favorably to regional norms, based on CRE market data from WDSuite.
Amenity density inside the neighborhood is limited (few cafes, groceries, pharmacies, and parks), so residents typically rely on nearby corridors and car-based access for daily needs. For investors, this usually favors value propositions tied to on-site convenience and practical unit features over walkability premiums.
Home values benchmark higher than many areas nationally, signaling a relatively high-cost ownership market. That context can sustain renter reliance on multifamily housing and support lease retention, especially when paired with rent-to-income levels that suggest manageable tenant affordability. By contrast, the neighborhood’s reported occupancy is low at the neighborhood level (a neighborhood metric, not the property), which argues for disciplined leasing and renewal management.
Within a 3-mile radius, recent years show modest population growth alongside rising household counts, and forward views point to smaller average household sizes with continued household growth even as total population softens. For multifamily, that typically translates to a larger tenant base over time and potential support for occupancy stability as more households seek rental options.
Comparable neighborhood safety statistics were not available in this release for Boone, so no rank or percentile comparisons can be made at the block-group level. Investors should review municipal and county trend data, property-level history, and insurer/lender assessments to contextualize on-the-ground risk and align with portfolio standards.
Employer proximity data with verified distances is not available in the current dataset for this address. Investors typically consider commute access to regional healthcare, education, retail, and public sector nodes when evaluating leasing depth and retention.
Built in 1996, the asset is slightly older than the neighborhood average vintage, creating clear avenues for targeted value-add and systems modernization to improve competitive positioning against newer stock. The surrounding area skews owner-occupied with relatively high home values, which can reinforce rental demand and help sustain renewals when paired with favorable rent-to-income dynamics, according to CRE market data from WDSuite.
Neighborhood amenity density is thin and reported neighborhood-level occupancy is modest, so the thesis leans on practical upgrades, disciplined leasing, and capturing demand from growing household counts within a 3-mile radius. Forward indicators suggest smaller household sizes and continued household growth even if population eases, which can support the renter pool and pricing over time.
- 1996 vintage offers value-add potential through unit updates and building systems planning.
- Owner-leaning area with elevated home values supports sustained reliance on rentals and lease retention.
- 3-mile household growth and smaller household sizes point to a broader tenant base over time.
- Investor focus: on-site convenience and operational execution where neighborhood amenities are limited.
- Risks: thinner renter concentration locally and lower neighborhood-reported occupancy may weigh on lease-up velocity.