| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Fair |
| Demographics | 40th | Fair |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 525 Canton Rd NW, Carrollton, OH, 44615, US |
| Region / Metro | Carrollton |
| Year of Construction | 1979 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
525 Canton Rd NW Carrollton Multifamily Investment
Neighborhood occupancy has trended steady with improving rent-to-income dynamics that support retention, according to WDSuite’s CRE market data. For investors, the setting offers stable renter demand at attainable price points without relying on outsized rent growth.
Carrollton is a rural neighborhood with a B+ rating that delivers day-to-day convenience and manageable operating cadence for workforce-oriented assets. Amenities are moderate overall, with better-than-national access to cafes and parks, while childcare options are limited. Average school ratings skew lower, which can influence family renter preferences and unit mix strategy.
For context, the neighborhood s occupancy rate sits around the metro middle and has improved over the past five years, supporting a baseline of leasing stability. Median contract rents in the immediate area remain low relative to national norms, contributing to a rent-to-income profile that reduces affordability pressure and can aid renewals.
Vintage is 1979, slightly newer than the local average year built, which positions the asset competitively versus older stock; however, investors should still plan for modernization of aging systems and selective interior upgrades to drive rent trade-outs.
Within a 3-mile radius, recent population growth has been modest while the number of households has increased, indicating smaller household sizes and a potentially larger tenant base for smaller units. Looking ahead, forecasts show households continuing to rise even as overall population trends flatten, which typically supports occupancy stability for well-managed multifamily. Ownership costs in the area are comparatively low, so renter concentration is modest; this can introduce competition from entry-level ownership but also supports retention through relatively low rent burdens.
Safety indicators present a mixed picture. Compared with the 132 neighborhoods in the Canton Massillon metro, this area ranks near the higher-crime end (ranked 2 out of 132). At the same time, national comparisons place the neighborhood in the above-average safety range, with violent and property offense measures in the 72nd 88th percentiles nationwide, indicating relatively lower incident rates versus many U.S. neighborhoods.
Trend-wise, estimated violent and property offense rates have declined sharply over the past year, leading metro improvements. For investors, this trajectory reduces reputational and retention risk if sustained, but continued monitoring remains prudent given the metro-relative rank.
Regional employment anchors within commuting distance support a steady base of renters, particularly for workforce housing tied to manufacturing, insurance, and utilities. The employers below are representative of the commute shed that can bolster leasing stability.
- Erie Insurance Group insurance (25.8 miles)
- Goodyear Tire & Rubber manufacturing (38.7 miles) HQ
- J.M. Smucker consumer goods (39.8 miles) HQ
- FirstEnergy utilities (41.3 miles) HQ
- Norfolk Southern transportation (41.6 miles)
The 44-unit property at 525 Canton Rd NW offers a pragmatic workforce housing thesis: steady neighborhood occupancy, low resident rent burdens, and proximity to a diversified regional employer base. Based on CRE market data from WDSuite, local median contract rents are low relative to income, which supports retention and limits volatility even if rent growth remains measured. The 1979 vintage is slightly newer than the neighborhood s average, suggesting competitive positioning versus older stock, with value-add potential through targeted system upgrades and interiors.
Within a 3-mile radius, households have increased and are projected to keep rising as average household size declines, expanding the renter pool for smaller and mid-size units and supporting occupancy stability. Counterpoints include modest school ratings, limited childcare amenities, and a homeownership market that is comparatively accessible, which can temper rent growth and compete with rentals; however, the area s improving safety trends and diversified commute shed can help sustain leasing performance with disciplined operations.
- Low rent-to-income profile supports renewals and reduces turnover risk
- 1979 vintage offers value-add upside while remaining competitive versus older local stock
- Household growth within 3 miles expands the tenant base for smaller units, aiding occupancy stability
- Regional employers within commuting distance underpin workforce renter demand
- Risks: comparatively accessible ownership, modest school ratings, and metro-relative crime rank may cap rent growth and require active management