| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Poor |
| Demographics | 35th | Fair |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7632 Rose Dr, Lisbon, OH, 44432, US |
| Region / Metro | Lisbon |
| Year of Construction | 1989 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7632 Rose Dr, Lisbon OH Multifamily Investment
Moderate renter concentration and generally manageable rent-to-income dynamics suggest steady workforce demand in this rural pocket, according to WDSuite’s CRE market data. Neighborhood trends point to pricing set by value-oriented tenants rather than luxury positioning.
Located in Lisbon within the Salem, OH metro, the neighborhood is rated A and ranks 8 out of 51 metro neighborhoods — placing it in the top quartile locally. This is a rural setting with day-to-day conveniences present but limited density and entertainment, which typically favors residents prioritizing value, parking, and ease of access over walkable retail.
Essential services are reasonably accessible for the area: grocery and pharmacy availability tracks slightly above national averages, while parks access is also above average. Cafes and restaurants are thinner relative to more urban submarkets, reinforcing a car-oriented lifestyle. The average school rating is 2.0 out of 5 for the neighborhood; investors should underwrite primarily to adult household and workforce housing demand rather than school-driven leasing.
Vintage context: the asset’s 1989 construction is newer than much of the surrounding housing stock (average year 1939). This tends to provide a competitive edge versus older rentals, though systems are no longer new — plan for targeted modernization to support retention and leasing velocity.
Tenure and demand: within a 3‑mile radius, an estimated 33.7% of housing units are renter-occupied, providing a meaningful tenant base without over-reliance on transient renters. Neighborhood occupancy trends are below national medians, so operations should emphasize product differentiation and consistent maintenance to sustain occupancy.
Demographics (3‑mile radius): the past five years show modest population slippage with households roughly stable, while forward-looking estimates point to growth in households and incomes. A larger household count alongside rising incomes can support renter pool expansion and reinforce leasing fundamentals if rents remain aligned to value.
Affordability: local home values are lower than national norms, which can create some competition from ownership. At the same time, rent-to-income levels in the neighborhood are relatively manageable, supporting lease retention and measured rent growth where renovations enhance utility rather than pushing into premium pricing tiers. These dynamics favor practical unit finishes, durable materials, and control of recurring housing costs over high-end amenity spending.
Safety indicators for the neighborhood sit near national averages overall, with property-related incidents comparatively favorable versus many U.S. neighborhoods. Within the Salem, OH metro, the area ranks below the metro median for crime (rank 44 out of 51), signaling investors should budget for standard security and lighting upgrades typical of workforce assets.
Year-over-year readings show a recent increase in violent offense rates even as property offense levels remain comparatively better nationally. For underwriting, emphasize well-lit common areas, access control, and resident engagement to support retention. Always evaluate block-level conditions during site visits to validate trend direction and ensure operating practices align with local expectations.
Regional employment is anchored by transportation, retail headquarters, insurance, healthcare distribution, and manufacturing — a mix that supports workforce renter demand and commute convenience for value-oriented housing. The employers below represent notable nearby drivers.
- Norfolk Southern — rail transportation (25.9 miles)
- Dick's Sporting Goods — retail headquarters (33.0 miles) — HQ
- Erie Insurance Group — insurance (35.0 miles)
- Cardinal Health — healthcare distribution (35.9 miles)
- Goodyear Tire & Rubber — tire manufacturing (41.3 miles) — HQ
The 49‑unit property at 7632 Rose Dr was built in 1989, making it newer than much of the surrounding housing stock and comparatively competitive against older rentals in this rural, value-focused neighborhood. Smaller average unit sizes support a cost-conscious renter profile, which, paired with manageable rent-to-income levels, can underpin occupancy stability when operations prioritize durability and efficient layouts. According to CRE market data from WDSuite, the neighborhood performs in the top quartile locally, with services like grocery, parks, and pharmacies accessible for the area even as entertainment density remains modest.
Investor focus should be on dependable workforce demand, light-to-moderate renovations that elevate utility, and disciplined expense control. While local home values are relatively low — implying some competition from ownership — forward estimates within a 3‑mile radius point to growth in households and incomes, which can widen the renter base if pricing stays aligned to value. Safety trends are mixed, so prudent site-level measures (lighting, access control) and community standards remain important to protect retention and collections.
- 1989 vintage offers a competitive edge versus older neighborhood stock, with targeted modernization potential
- Value-oriented unit mix and manageable rent-to-income levels support stable leasing fundamentals
- Top-quartile neighborhood standing in the Salem, OH metro with essential services accessible
- 3‑mile outlook indicates rising households and incomes, expanding the renter pool
- Risks: below-median metro safety rank and low homeownership costs — underwrite for security, retention, and competitive positioning