| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Good |
| Demographics | 33rd | Fair |
| Amenities | 7th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 38450 Allensworth Dr, Scio, OH, 43988, US |
| Region / Metro | Scio |
| Year of Construction | 1989 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
38450 Allensworth Dr, Scio OH Multifamily Investment
Steady neighborhood occupancy and a moderate renter base suggest durable leasing in this rural Ohio location, according to WDSuite s CRE market data. Neighborhood statistics referenced here describe the surrounding area, not the property itself.
This rural neighborhood in Harrison County shows stable fundamentals for workforce housing. Neighborhood occupancy sits around the national middle and has improved over the past five years, indicating resilience and a tenant base that has supported leasing through recent cycles. Within the county context (16 neighborhoods tracked), occupancy performance is competitive rather than market-leading.
Renter-occupied units represent roughly one-third of the local housing stock, signaling a meaningful (but not dominant) renter concentration that supports multifamily demand depth and day-to-day leasing. With a low rent-to-income ratio, affordability pressure appears modest, which can aid retention and reduce turnover risk from rent shocks.
Amenity density is limited, consistent with the area s rural profile. General amenity scores rank around the middle locally, while national comparisons point to sparse cafes, restaurants, parks, and pharmacies. Notably, grocery access is comparatively better within the county (ranked near the front among 16 neighborhoods), which helps meet daily needs even if most services require driving.
The property s 1989 vintage is newer than the surrounding area s older housing stock (neighborhood average year built is mid-20th century). For investors, that can enhance relative competitiveness versus aging comparables, while still warranting targeted system updates and common-area refreshes to meet current renter expectations.
Demographic statistics are aggregated within a 3-mile radius. Local indicators point to a small population base and income levels below national norms, which can temper rent growth but also align with value-oriented positioning and consistent occupancy for well-managed assets.
Comparable, property-level crime data is not available for this neighborhood, and current datasets do not provide a reliable rank among the 16 neighborhoods in Harrison County. Investors should benchmark safety using multi-year county and township trends, focusing on directionality and relative positioning to nearby rural communities rather than block-level precision.
As with many rural locations, perceptions can vary by corridor. A practical approach is to evaluate visibility, lighting, and access control on-site and to align operating plans (e.g., lighting, cameras, resident communication) with observed patterns from local law enforcement summaries and county reports.
Regional employment draws are dispersed, with commuting access to insurance and retail corporate operations supporting renter demand among households willing to trade longer drives for lower housing costs. The list below highlights nearby employers relevant to commuting patterns referenced here.
- Erie Insurance Group insurance (35.5 miles)
- Dick's Sporting Goods retail corporate (44.0 miles) HQ
Positioned in a rural Harrison County submarket, this 44-unit, 1989-built asset benefits from neighborhood occupancy that has trended upward and sits near national averages. According to CRE market data from WDSuite, the surrounding area supports a meaningful renter base with relatively low rent-to-income pressure, which can translate into steadier renewals and fewer pricing-related move-outs.
The property s newer vintage versus the area s older housing stock offers a competitive edge for basic finishes, systems, and curb appeal, while still leaving room for targeted value-add. Amenity density is limited, but grocery access is comparatively better within the county, and commute sheds include regional employers for residents willing to drive. Key risks include rural depth-of-demand, lower household incomes, and the need to tailor capex to match rent-supported returns.
- Upward neighborhood occupancy trend with performance competitive within Harrison County supports leasing stability
- Moderate renter-occupied share indicates a tangible tenant base for multifamily operations
- 1989 vintage is newer than local housing stock, creating value-add opportunities via targeted modernization
- Limited amenity density offset by comparatively better grocery access within the county
- Risks: rural demand depth, below-national income levels, and capex must align with achievable rents