| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 66th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7897 Cox Rd, West Chester, OH, 45069, US |
| Region / Metro | West Chester |
| Year of Construction | 1980 |
| Units | 72 |
| Transaction Date | 2014-08-01 |
| Transaction Price | $4,312,000 |
| Buyer | KINGSGATE AR REALTY LLC |
| Seller | --- |
7897 Cox Rd, West Chester OH Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability in the mid-90% range, according to WDSuite s CRE market data. The area s performance sits above national medians, offering balanced income growth and leasing resilience for investors.
The property sits in a suburban West Chester location that ranks 30 out of 611 Cincinnati neighborhoods (A-rated), indicating competitive positioning within the metro. Amenity access is a relative strength: restaurants and cafes score in the higher national percentiles (88th and 90th), with parks (77th) and pharmacies (86th) bolstering everyday convenience. This mix supports lifestyle appeal that can aid leasing and renewals.
Rents and occupancy at the neighborhood level are performing above national norms, with occupancy trending in the low-to-mid 90% range and a rent-to-income profile around the national middle. Median contract rents are above the U.S. median, while the rent-to-income ratio (neighborhood level) near the 40th national percentile suggests manageable affordability pressure helpful for retention and measured rent growth.
Within a 3-mile radius, the population has expanded in recent years and is projected to continue growing, with household counts rising faster than population ikely reflecting smaller household sizes. Median and mean household incomes in this 3-mile area are solidly above national levels, expanding the tenant base for quality apartments and supporting occupancy stability. Forecasted gains in households and incomes point to a larger renter pool over the next five years, which can underpin leasing momentum.
Tenure patterns indicate a smaller but durable renter base. The neighborhood s share of renter-occupied housing units sits below one-quarter, implying lower churn but also some competition with ownership options. Home values are moderate relative to coastal markets, so investors should expect renters to weigh ownership more actively; however, stable incomes and strong local services help sustain multifamily demand and lease retention.
Safety indicators are favorable in a regional context: the neighborhood s crime rank is in the top quartile among 611 Cincinnati metro neighborhoods, and overall safety sits above the national midpoint. According to WDSuite s CRE market data, violent incident measures track around the national average, while property crime indicators are somewhat less favorable than national averages but have improved notably year over year.
Investors should interpret these metrics as supportive of renter appeal and renewal propensity, with recent downward trends in both violent and property offenses reinforcing a constructive trajectory without implying block-level guarantees.
Nearby corporate offices provide a diversified employment base that supports workforce housing demand and commute convenience for residents, including AK Steel, Anthem s Mason campus, Humana Pharmacy Solutions, Prudential Financial, and Kroger DCIC.
- AK Steel Holding corporate offices (3.6 miles) HQ
- Anthem Inc Mason Campus II corporate offices (4.6 miles)
- Humana Pharmacy Solutions corporate offices (4.6 miles)
- Prudential Financial corporate offices (7.0 miles)
- Kroger DCIC corporate offices (7.6 miles)
This 72-unit asset benefits from a metro-competitive suburban location where neighborhood occupancy trends sit above national medians and lifestyle amenities are strong by national comparison. Within a 3-mile radius, population and households are expanding, and incomes are well above national levels, supporting a deeper tenant base and reinforcing renewal prospects over time. According to CRE market data from WDSuite, neighborhood rents benchmark above the U.S. median while rent-to-income sits near the national middle, a combination that supports measured pricing power without overextending affordability.
Investor considerations include a modest renter concentration locally (owner-occupancy is higher), which can temper velocity during lease-up, and moderate home values that may create some competition from ownership alternatives. Offsetting strengths include diversified nearby employment, strong amenity access, and improving safety trends all constructive for leasing stability and retention management.
- Metro-competitive neighborhood with above-median occupancy and strong amenity access aiding leasing and renewals
- 3-mile demographics show rising households and higher incomes, expanding the renter pool and supporting retention
- Neighborhood rents above U.S. median with rent-to-income near the middle, supporting steady pricing power
- Proximity to diversified employers underpins workforce housing demand and commute convenience
- Risk: smaller renter-occupied share and moderate ownership costs may slow lease-up or increase competition with for-sale housing