| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 31st | Poor |
| Amenities | 12th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 60 Jodie Ln, Wilmington, OH, 45177, US |
| Region / Metro | Wilmington |
| Year of Construction | 1995 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
60 Jodie Ln, Wilmington OH Multifamily Opportunity
Neighborhood occupancy is around the national midpoint, supporting stable renter demand at this scale, according to WDSuite’s CRE market data. Affordability relative to incomes in the area further supports retention potential, though fundamentals should be underwritten at the neighborhood level.
Located in a rural pocket of Wilmington, the surrounding neighborhood is rated B- and sits roughly above the metro median (ranked 12 out of 23 Wilmington neighborhoods). Amenity access trends modest: cafes and parks are limited within this neighborhood cluster, while basic retail such as grocery is present but not dense for the metro.
Rents in the neighborhood benchmark on the lower side for the metro, which can help leasing velocity for value-oriented units. The neighborhood s occupancy is near the national midpoint, which typically supports steady operations, though investors should monitor submarket competition and any new supply nearby. The property s 1995 construction is slightly newer than the neighborhood s average vintage (1990), offering a competitive position versus older stock, while still calling for selective capital planning as systems age.
Within a 3-mile radius (demographics aggregated at this scale), the renter-occupied share is about two-fifths of housing units, indicating a meaningful tenant base for multifamily. Population has grown modestly over the past five years, and forecasts point to additional household growth through the next planning period signals that can expand the renter pool and support occupancy stability.
Ownership costs sit near national mid-range levels for this area, and the neighborhood s value-to-income metrics suggest a high-cost ownership market relative to local incomes compared with many U.S. neighborhoods. For multifamily, this tends to reinforce renter reliance on apartments and can aid lease retention and pricing power when units are maintained competitively.
Crime indicators here compare favorably at the national level (national safety percentiles in the high 80s), and the neighborhood ranks above the metro median (6 out of 23 Wilmington neighborhoods). That positioning implies safety conditions that are competitive among Wilmington neighborhoods, with recent-year data showing notable declines in both property and violent offense rates.
As always, investors should evaluate property-specific security, lighting, and visibility, and track trendline changes across adjacent neighborhoods rather than relying on a single-year snapshot.
Regional employment is anchored by healthcare, grocery distribution, steel corporate offices, and financial services within commuting range, supporting renter demand tied to working households.
- Anthem Inc Mason Campus II health insurance corporate offices (26.3 miles)
- Kroger DCIC grocery distribution (32.5 miles)
- AK Steel Holding steel corporate offices (32.6 miles) HQ
- Humana Pharmacy Solutions healthcare services (33.1 miles)
- Prudential Financial financial services (34.3 miles)
This 38-unit property, built in 1995, is marginally newer than the neighborhood average, providing a relative edge versus older stock while still warranting targeted capital planning for building systems and potential light renovations. Neighborhood occupancy trends hover around the national midpoint, and rent levels track toward the value end of the spectrum, supporting leasing for smaller unit footprints. According to CRE market data from WDSuite, local ownership costs compare high relative to incomes in many U.S. neighborhoods, which can sustain renter reliance on multifamily and aid retention when operations remain competitive.
Demographics aggregated within a 3-mile radius indicate a substantial renter-occupied share and modest population growth, with forecasts calling for an increase in households a setup that can expand the tenant base and support occupancy stability. The rural setting offers quieter competition but thinner amenities, making asset-level maintenance, curb appeal, and unit livability key to capturing and retaining demand.
- Slightly newer 1995 vintage versus neighborhood average, with value-add potential via selective modernization
- Neighborhood occupancy near national midpoint supports operational stability for well-managed assets
- Ownership costs relative to incomes reinforce renter demand and potential lease retention
- 3-mile radius shows a meaningful renter base and projected household growth supporting the tenant pipeline
- Risks: thinner neighborhood amenities, rural profile, and need for ongoing capex as the asset ages