| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Best |
| Demographics | 44th | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 995 Meadow Ln, Kenton, OH, 43326, US |
| Region / Metro | Kenton |
| Year of Construction | 1991 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
995 Meadow Ln, Kenton OH Multifamily Investment
Neighborhood occupancy is strong and renter affordability is favorable, according to WDSuite’s CRE market data—supporting stable operations with measured upside from targeted improvements.
The property sits in an A+–rated neighborhood ranked 1 of 16 within Hardin County, positioning it competitively for long-term hold strategies. Neighborhood occupancy stands at 96.3% (ranked 2 of 16) and compares well to national markets, landing in the top quartile nationally—an indicator of leasing stability that investors often prioritize.
Renter-occupied housing represents 29.2% of units in the neighborhood, signaling a primarily owner-occupied area with a defined renter pool. For multifamily investors, that mix can support steadier tenancy and retention, though it may temper rapid lease-up velocity compared with renter-dense urban cores. Median contract rents are modest for the area, and the neighborhood’s rent-to-income ratio of 0.09 suggests low affordability pressure, which can aid renewals and reduce turnover risk.
Local amenity access trends positive for daily needs: cafes and pharmacies rank 1st out of 16 neighborhoods in the county by density, and grocery access ranks 2nd. Park access is limited, which may reduce appeal for recreation-focused renters; however, daily convenience is a relative strength. Average school ratings are below the national median (37th percentile), a factor to consider for family-oriented demand.
Within a 3-mile radius, population has inched up in recent years and average household size has edged lower, pointing to demographic shifts that can sustain a steady renter base. Median household income levels are moderate for the region, and home values remain comparatively accessible, which can introduce some competition from ownership options. Still, elevated neighborhood occupancy and balanced amenity access support a stable operating profile for multifamily, based on commercial real estate analysis from WDSuite.
Vintage matters: built in 1991 versus a local average construction year of 1966, the asset is newer than much of the surrounding stock. That relative youth can enhance competitive positioning versus older product, though investors should still plan for system updates and selective modernization to meet current renter preferences.
Safety indicators compare favorably to national benchmarks. Overall crime sits around the 69th percentile nationally, suggesting comparatively safer conditions than many neighborhoods across the country. At the metro level, the area tracks near the median among 16 Hardin County neighborhoods, pointing to consistent but not outlier safety performance.
Recent trends are constructive: both property and violent offense rates declined meaningfully year over year (with improvements placing in the upper national percentiles). While no submarket is risk-free, these directional shifts support a more stable living environment that can help leasing and retention.
A commutable employment base supports renter demand, with access to energy and industrial corporate employers within driving range. The nearby presence of Marathon Petroleum and Parker-Hannifin underpins workforce housing dynamics and potential lease stability.
- Marathon Petroleum — energy & corporate functions (26.4 miles) — HQ
- Parker-Hannifin Corporation — industrial & corporate offices (33.8 miles)
This 24-unit, 1991-vintage asset competes against an older neighborhood stock (average 1966), offering relative appeal to renters while still presenting scope for targeted upgrades to systems and interiors. Neighborhood occupancy is strong and ranks near the top locally with top-quartile national positioning, which supports stable collections and reduced downtime; according to CRE market data from WDSuite, renter affordability is favorable, reinforcing retention.
The surrounding area’s renter-occupied share is lower than urban cores yet sufficient to sustain a dependable tenant base, aided by daily-needs amenities and a commutable path to regional employers. More accessible ownership costs and below-median school ratings introduce competitive considerations, but steady population trends within a 3-mile radius and improving safety metrics provide a balanced backdrop for long-term operations.
- 1991 vintage relative to 1960s-era stock supports competitive positioning with value-add potential
- Strong neighborhood occupancy with top-quartile national standing underpins leasing stability
- Favorable rent-to-income dynamics suggest retention and manageable turnover risk
- Daily-needs amenities and commutable access to regional employers support demand
- Risks: lower renter concentration, limited park access, and below-median school ratings may temper certain demand segments