| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Fair |
| Demographics | 37th | Fair |
| Amenities | 23rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 E Thrush Ave, Crestline, OH, 44827, US |
| Region / Metro | Crestline |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
108 E Thrush Ave Crestline Multifamily Investment
Neighborhood occupancy is steady and rents remain comparatively low for the metro, supporting durable demand at working-class price points, according to WDSuite s CRE market data. Investors should view this as a yield-focused play where affordability underpins retention and lease stability.
Crestline s neighborhood context skews rural with basic daily needs nearby but limited destination amenities. Grocery and pharmacy access track near the metro middle, while cafes, parks, and restaurants are thinner than in urban parts of the Bucyrus Galion area. School ratings trend on the lower side, which may warrant a focus on value pricing and resident services rather than family-driven premiums.
Neighborhood occupancy is measured at the neighborhood (not property) level and sits in the mid range locally, near 92%. That positioning is slightly above the national median and indicates generally reliable lease-up and renewal conditions, though investors should plan for modest seasonality. The share of renter occupied housing units in the neighborhood is roughly the high 20s, signaling a modest but serviceable tenant base for multifamily.
Within a 3 mile radius, recent trends show smaller households and net population softness in prior periods, with forward projections indicating population growth and an increase in households by the next five years. For investors, that trajectory suggests a gradually expanding renter pool that can support occupancy stability if product remains well positioned on price and basic finishes. This framing aligns with multifamily property research from WDSuite as a validation point rather than a driver.
Home values are comparatively low for the nation and metro, which can introduce some competition from ownership. Even so, neighborhood rent to income levels are favorable for operators, creating room for disciplined, incremental rent adjustments without materially elevating affordability pressure. Pricing power will rely on maintaining a clear value proposition relative to local single family alternatives.
Safety signals show a mixed profile when comparing metro and national baselines. Within the Bucyrus Galion metro, this neighborhood ranks 4th among 22 neighborhoods for crime, indicating higher than metro median incident levels. Nationally, however, the area lands in the upper percentiles for safety, suggesting it compares favorably to many U.S. neighborhoods.
Recent trend indicators point to improvement, with notable one year declines in both property and violent offense estimates. For underwriting, this supports a balanced view: maintain routine security and lighting standards and monitor trends, but recognize that the broader context is competitive on a national comparison basis.
Renter demand is supported by employment nodes in the broader region, including manufacturing and packaging. The following employer illustrates the type of stable, blue collar job base that can underpin workforce housing demand, though commute distances apply.
- International Paper Company manufacturing & packaging (42.6 miles)
This 60 unit asset sits in a rural leaning neighborhood where occupancy is stable and rents are well below national norms, supporting a value oriented strategy. Based on commercial real estate analysis from WDSuite, the neighborhood s renter concentration is modest but adequate, and rent to income levels are favorable for measured, operations led growth. Relative to local ownership costs, disciplined positioning on price and basic finishes can sustain leasing velocity and retention.
Demographic data aggregated within a 3 mile radius indicate recent softness but a forward view that points to population growth and more households over the next five years, which supports a gradually larger tenant base. Operators should remain mindful of limited nearby amenities and lower school ratings, using service consistency and community upkeep to reinforce renewals while monitoring any metro level shifts in safety and employment access.
- Occupancy stability at the neighborhood level supports reliable lease up and renewals.
- Favorable rent to income dynamics enable disciplined, incremental rent growth.
- Projected population and household growth within 3 miles expands the tenant base.
- Competitive positioning versus low cost ownership via value pricing and basic finishes.
- Risks: limited amenities, lower school ratings, and metro relative safety require prudent operations and monitoring.