| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 37th | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 679 S Main St, Georgetown, OH, 45121, US |
| Region / Metro | Georgetown |
| Year of Construction | 2000 |
| Units | 25 |
| Transaction Date | 1999-06-24 |
| Transaction Price | $90,000 |
| Buyer | LILLIAN ROSE GARDEN LTD PTNS |
| Seller | PRYOR ANNA M |
679 S Main St, Georgetown OH Multifamily Investment
Renter demand is supported by a neighborhood renter-occupied share around one-third and steady household formation, according to WDSuite’s CRE market data. Occupancy trends sit below the metro median, suggesting disciplined operations and targeted leasing can be differentiators.
Georgetown’s neighborhood rating is C+ within the Cincinnati metro and ranks 388 out of 611 neighborhoods, placing it below the metro median overall but competitive in certain dimensions. Amenities are mixed: parks and pharmacies track near the national median to slightly above, while cafes and childcare options are sparse. This points to basic services being available locally, with fewer discretionary lifestyle options.
Occupancy in the neighborhood has improved over the past five years but remains below the metro median. The renter-occupied share ranks 243 out of 611 — competitive among Cincinnati neighborhoods and above the national midpoint — indicating a meaningful renter base that can support leasing, particularly for workforce-oriented units.
Within a 3-mile radius, recent population trends show modest contraction alongside a rise in total households and smaller average household size. Looking ahead, forecasts indicate a continued increase in households and further downsizing in household size, which typically expands the renter pool and supports occupancy stability for smaller and mid-size units. Median contract rents track on the lower side nationally, and the rent-to-income profile is favorable, which can aid retention and reduce turnover risk.
The broader housing stock in the neighborhood skews older (average year built 1959), while the subject property was built in 2000. Newer vintage relative to local stock can improve competitive positioning versus older assets, though investors should still plan for system updates and modernization to meet current renter expectations. Home values in the area are lower than national norms, which can introduce some competition from ownership alternatives; however, lower monthly rents and favorable rent-to-income dynamics generally sustain multifamily demand and lease renewal propensity.
Safety indicators place the neighborhood around the national middle, with crime ranks competitive among Cincinnati neighborhoods and national percentiles modestly above average for violent offenses. Recent trends are mixed: violent incidents have declined meaningfully year over year (strong improvement relative to national peers), while property offenses show a recent uptick. For investors, this suggests a stable baseline with attention warranted to property security and asset-level operations.
Regional employment anchors within commuting distance of Georgetown include utilities, consumer products, and financial services headquarters in downtown Cincinnati. These employers support renter demand from commuters seeking lower-cost housing with reasonable access to jobs.
- Duke Energy — utilities (35.6 miles)
- Western & Southern Financial Group — financial services (36.5 miles) — HQ
- American Financial Group — insurance (36.5 miles) — HQ
- Procter & Gamble — consumer goods (36.5 miles) — HQ
- Humana — healthcare services (36.6 miles)
Built in 2000, the property is newer than much of the local housing stock, offering relative competitiveness versus older assets while leaving room for targeted renovations and system upgrades. The neighborhood’s renter concentration and improving household counts within a 3-mile radius point to a durable tenant base. Median rents are lower relative to national benchmarks and the rent-to-income profile is favorable, which can support retention and stabilize cash flows. Based on CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, suggesting leasing execution and amenity management are key to outperformance.
Counterbalancing factors include softer amenity depth locally, commute-oriented employment access, and mixed safety trends (violent crime improving, property crime requiring attention). Investors should underwrite conservative rent growth and modest capital to enhance unit quality and operational resilience.
- Newer 2000 vintage versus older neighborhood stock supports competitive positioning with targeted modernization upside
- Renter base and growing household counts within 3 miles support leasing and occupancy stability
- Favorable rent-to-income dynamics and lower relative rents can enhance retention and limit turnover costs
- Risks: below-metro occupancy, limited lifestyle amenities, commute distance to job centers, and property-crime vigilance