| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Best |
| Demographics | 44th | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 980 Meadow Ln, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 1994 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
980 Meadow Ln, Kenton OH Multifamily Investment
Neighborhood occupancy is strong and has trended upward, according to WDSuite’s CRE market data, suggesting durable leasing conditions for well-managed assets. For investors, this points to steady renter demand in a rural setting with measured growth rather than volatility.
The property sits in a rural neighborhood rated A+ and ranked 1 out of 16 metro neighborhoods, indicating competitive location fundamentals within the local context. Neighborhood occupancy is 96.3% and ranks 2 of 16, placing it in the top quartile among metro peers and in the top quartile nationally by percentile. These are neighborhood metrics, not property performance, but they signal a supportive backdrop for maintaining stability at the asset level.
Vintage matters: built in 1994, the asset is newer than the neighborhood’s average construction year of 1966. That relative youth can support competitive positioning versus older stock, while investors should still plan for system updates and selective renovations typical of late-1990s buildings to preserve rentability and control capital cycles.
Demand drivers are steady rather than outsized. Within a 3-mile radius, population and households have seen modest growth, alongside a smaller average household size, which can bolster demand for efficient floor plans; the property’s smaller average unit size supports this positioning. Renter-occupied housing accounts for 29.2% of local units, indicating a thinner renter base than urban submarkets, which underscores the importance of retention-oriented leasing and competitive amenities.
Affordability dynamics favor tenant retention. Median contract rents sit well below national levels and the rent-to-income ratio is comparatively low (high national percentile), which reduces affordability pressure and can support lower turnover; conversely, it may temper near-term pricing power. Ownership costs are also relatively accessible given local home values and value-to-income ratios, which can introduce competition from entry-level ownership—an important consideration for underwriting renewal rates and marketing strategy.
Livability features are balanced: pharmacies, cafes, and childcare access score above national medians by percentile, while dedicated park acreage is limited. Average school ratings trend below national averages, which may matter for family renters; however, for workforce-oriented demand, commute simplicity and day-to-day amenities provide practical support.
Safety compares favorably in broader context. The neighborhood’s safety sits around the upper third nationally (69th percentile), and within the region it is competitive among the 16 metro neighborhoods (crime rank near the middle; lower ranks indicate higher crime). Recent trends are constructive: both property and violent offense rates show notable year-over-year improvement and land in the top quartile nationally for reduction pace, which supports investor confidence in stability without overpromising outcomes.
Regional employers help anchor the renter base through stable industrial and energy employment. Notable names within commuting distance include Marathon Petroleum and Parker-Hannifin, supporting workforce housing demand and lease retention for residents commuting to these hubs.
- Marathon Petroleum — energy refining (26.5 miles) — HQ
- Parker-Hannifin Corporation — industrial components (33.8 miles)
This 47-unit, 1994-vintage asset benefits from a neighborhood backdrop with top-quartile metro occupancy and steady 5-year improvement, pointing to durable demand and manageable volatility. Relative to older local stock, the property’s vintage supports competitive positioning while leaving room for focused value-add and systems modernization to sustain rentability.
Affordability is a core strength: low rent-to-income levels and below-national median asking rents help support retention even as ownership remains comparatively accessible, which can cap aggressive rent growth. According to CRE market data from WDSuite, neighborhood safety trends are improving and amenity access is practical for daily needs, reinforcing a stable, workforce-oriented leasing story in a rural setting.
- Top-quartile neighborhood occupancy (metro and national) supports leasing stability.
- 1994 vintage offers competitive positioning versus older stock with targeted value-add potential.
- Affordability (low rent-to-income) underpins retention and predictable cash flow.
- Improving safety trends and practical amenities aid workforce renter demand.
- Risks: lower renter concentration and accessible ownership may limit pricing power; family demand may be sensitive to school ratings.