| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 77th | Best |
| Amenities | 9th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7222 Heritagespring Dr, West Chester, OH, 45069, US |
| Region / Metro | West Chester |
| Year of Construction | 2008 |
| Units | 105 |
| Transaction Date | 2012-12-20 |
| Transaction Price | $18,200,000 |
| Buyer | SHP IV Barrington West |
| Seller | Barrington Realty of West |
7222 Heritagespring Dr West Chester Multifamily Opportunity
Strong neighborhood occupancy and high-cost ownership dynamics point to durable renter demand in suburban West Chester, according to WDSuite’s CRE market data.
Situated in a suburban pocket of the Cincinnati metro, the neighborhood is competitive among 611 Cincinnati neighborhoods (A- rating; rank 103 of 611), with occupancy measuring in the mid-90s and above the national average, supporting income stability for multifamily owners. Median home values are elevated relative to both metro and national norms, which tends to sustain reliance on rental housing and supports pricing power without overextending residents.
Within a 3-mile radius, population and household counts have grown over the past five years and are projected to continue expanding, signaling a larger tenant base over time. Household incomes in the 3-mile area skew high, and rent-to-income levels indicated by WDSuite are moderate for the neighborhood, which can aid retention and reduce delinquency risk.
Renter concentration in the neighborhood is on the lower side (roughly one-fifth to one-quarter of housing units are renter-occupied), implying a smaller but relatively affluent renter pool. For multifamily operators, that mix often aligns with workforce and professional tenants tied to nearby employment nodes, supporting steady leasing in well-maintained assets.
Local amenities skew car-oriented rather than walkable, with limited cafés, groceries, and parks inside the neighborhood footprint. Investors should expect residents to rely on regional retail and services a short drive away, typical of higher-income suburban submarkets in the Cincinnati region.
Neighborhood safety performance is favorable relative to the region and nation. Based on WDSuite data, the area ranks well within the safer tier of the Cincinnati metro (crime rank 60 among 611 metro neighborhoods), and sits in the upper ranges nationally for overall safety (around the 71st percentile). Violent offense measures are particularly strong, placing the neighborhood in the top quartile nationally, with recent year trends improving.
Property-related incidents track more in line with suburban patterns; while the national standing is solid, recent year data show some uptick. For investors, the takeaways are a generally stable safety profile with low violent crime, coupled with routine property-crime management considerations typical of car-oriented suburban settings.
Proximity to major corporate offices supports commuter convenience and underpins multifamily demand, with a concentration of roles in steel, insurance/financial services, healthcare, and consumer goods. Employers include AK Steel, Anthem Inc Mason Campus II, Humana Pharmacy Solutions, Prudential Financial, and Kroger DCIC.
- AK Steel Holding — steel manufacturing HQ (4.9 miles) — HQ
- Anthem Inc Mason Campus II — insurance operations (4.9 miles)
- Humana Pharmacy Solutions — healthcare services (6.0 miles)
- Prudential Financial — financial services (8.4 miles)
- Kroger DCIC — consumer goods offices (9.0 miles)
7222 Heritagespring Dr offers scale at 105 units in a suburban Cincinnati setting where neighborhood occupancy trends sit above national norms and renter demand is reinforced by a high-cost ownership market. The 2008 vintage is slightly older than the area’s average construction year, suggesting light-to-moderate capital planning and selective modernization can sharpen competitiveness versus newer stock while leveraging stable fundamentals.
Tenant demand is supported by a growing 3-mile population and household base, high household incomes, and access to nearby corporate employment nodes. According to CRE market data from WDSuite, neighborhood rent-to-income levels are manageable, which can support retention and measured rent growth. Key considerations include a lower renter concentration than urban cores, car-oriented amenity access, and monitoring of property-crime trends typical of suburban environments.
- Above-average neighborhood occupancy supports income stability
- High-cost ownership market sustains rental demand and pricing power
- 2008 vintage with value-add potential through targeted upgrades
- Proximity to diversified employers underpins leasing and retention
- Risks: lower renter concentration, car-oriented amenities, watch property-crime trends