| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 66th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 203 Mound Ave, Milford, OH, 45150, US |
| Region / Metro | Milford |
| Year of Construction | 1979 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
203 Mound Ave, Milford OH Multifamily Investment
Occupancy in the surrounding neighborhood has held firm, and renter demand is supported by stable local amenities and schools, according to WDSuite’s CRE market data. The asset’s Inner Suburb setting points to steady leasing fundamentals rather than volatility.
This Inner Suburb neighborhood is competitive among Cincinnati neighborhoods (ranked 65 out of 611) and benefits from everyday convenience. Cafes and parks are a relative strength, with cafe and park density competitive within the metro and top quartile nationally, while grocery access also tracks above many peer areas. Average school ratings are competitive in the metro and top quartile nationally, supporting family-oriented renter demand.
Neighborhood occupancy is high and has trended up over the past five years, helping underpin revenue stability at the property level. The local renter-occupied share of housing units is elevated for the neighborhood, indicating a deep tenant base, while the broader 3-mile area shows a more owner-tilted mix—helpful context for positioning and pricing strategy.
Within a 3-mile radius, demographics point to a larger tenant base over time: recent population and household growth, alongside projections for additional household gains, suggest ongoing renter pool expansion that can support occupancy stability. Household sizes are edging smaller, which can sustain demand for a range of unit types.
Ownership costs in the neighborhood are lower than many U.S. areas by value levels, yet value-to-income ratios run comparatively higher, which can sustain reliance on rentals and support lease retention. Rent-to-income around the neighborhood indicates some affordability pressure; for investors, this argues for measured rent growth and active lease management to balance pricing power with retention.
Built in 1979, the property is newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock, though investors should plan for modernization of aging systems and targeted renovations to support rent premiums.
Comparable neighborhood safety data are not available in this release. Investors typically benchmark neighborhood trends against metro and national patterns and incorporate on-the-ground diligence and local public data for a fuller view. Avoid extrapolating block-level conclusions; focus instead on broader submarket context and historical trend direction from trusted sources.
Proximity to established corporate offices supports renter demand through commute convenience and diversified white-collar employment. The nearby base includes Kroger corporate operations, major insurers, and consumer goods and financial services offices noted below.
- Kroger DCIC — grocery corporate operations (7.3 miles)
- Anthem Inc Mason Campus II — insurance (9.7 miles)
- Prudential Financial — financial services (10.3 miles)
- Procter & Gamble Co. — consumer goods offices (11.5 miles)
- Western & Southern Financial Group — financial services (12.3 miles) — HQ
203 Mound Ave offers investors exposure to a strong Inner Suburb location where neighborhood occupancy is high and amenities, parks, and schools provide durable renter appeal. Neighborhood metrics are competitive within the Cincinnati metro, and recent 3-mile household growth with further gains projected indicates a larger tenant base that can support leasing stability. Built in 1979, the asset is newer than the local average vintage, suggesting relative competitiveness versus older stock, though capital plans should consider modernization to capture value-add upside.
Home values are lower than many U.S. areas while value-to-income ratios run comparatively higher, a mix that can reinforce reliance on rentals and support retention if pricing is calibrated. Rent-to-income around the neighborhood points to some affordability pressure; a disciplined approach to renewals and expense control is prudent. According to CRE market data from WDSuite, the neighborhood’s renter concentration and sustained occupancy provide a constructive backdrop for long-term operations.
- High neighborhood occupancy with competitive amenities and schools supports leasing stability
- 3-mile population and household growth, with additional household increases projected, expand the tenant base
- 1979 vintage offers value-add potential via system upgrades and targeted renovations versus older local stock
- Ownership cost context and higher value-to-income ratios can sustain rental reliance and retention
- Risk: rent-to-income signals affordability pressure; prudent pricing and renewal strategies are important