| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 48th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 N West St, Hillsboro, OH, 45133, US |
| Region / Metro | Hillsboro |
| Year of Construction | 2009 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1201 N West St Hillsboro Multifamily Investment
Newer construction relative to the neighborhood supports competitive positioning and steady renter demand, according to WDSuite s CRE market data. Investors should expect affordability to aid retention while underwriting leasing conservatively given area occupancy trends.
The property sits in a rural Hillsboro submarket with an A+ neighborhood rating and the top overall rank among 27 Highland County neighborhoods. Local retail convenience is solid for a rural location: grocery, restaurants, and basic services score above national medians, which helps daily livability and leasing appeal for workforce renters.
The area s housing stock skews older (average 1971), so a 2009 vintage asset is comparatively newer and should compete well against legacy properties; investors should still plan for mid-life systems and targeted common-area updates as part of capital planning. Neighborhood occupancy has softened versus five years ago and sits below many national peers, so lease-up and renewal assumptions warrant caution and active management.
Within a 3-mile radius, household incomes are near the national middle while population is roughly stable, indicating a steady but not rapidly expanding renter pool. A renter-occupied share of housing near one-third signals a moderate renter concentration, which typically supports depth of tenant demand without overreliance on transient households. Elevated ownership accessibility in this area means some households may consider buying, so competitive positioning and resident experience remain important for retention.
Amenity access is competitive among Highland County neighborhoods (ranks near the top out of 27), with cafes, groceries, pharmacies, and childcare options contributing to convenience. However, park access is limited, a common rural constraint investors should offset through on-site or nearby lifestyle features where feasible. These dynamics, combined with balanced demographics, point to stable baseline demand rather than outsized growth, aligning with prudent commercial real estate analysis.
Safety indicators are favorable compared with neighborhoods nationwide, with overall crime levels around the 71st percentile for safety. Year-over-year trends have improved, with both property and violent offense estimates declining, positioning the area above national improvement benchmarks.
Within the Highland County metro context (27 neighborhoods), safety performance varies by measure; recent declines in estimated offense rates suggest conditions have been moving in a positive direction. Investors should still underwrite standard security measures and monitor local trends as part of ongoing risk management rather than relying on block-level assumptions.
Regional employment is anchored by large corporate operations within commuting distance, supporting workforce housing demand and lease stability for tenants willing to travel for higher-wage roles. The list below highlights nearby corporate offices relevant to the renter base.
- Anthem Inc Mason Campus II corporate offices (37.1 miles)
- Kroger DCIC corporate offices (41.5 miles)
- AK Steel Holding corporate offices (44.0 miles) HQ
- Humana Pharmacy Solutions corporate offices (44.1 miles)
- Prudential Financial corporate offices (44.1 miles)
1201 N West St offers a 2009-vintage, 42-unit footprint that is newer than the area s average housing stock, providing a competitive edge against older properties while approaching mid-life maintenance cycles. Based on CRE market data from WDSuite, neighborhood livability and basic retail access are above national medians for a rural location, which supports day-to-day convenience and renter retention even as neighborhood occupancy trends have eased versus prior years.
Affordability remains a key driver: rents in the area sit at levels that keep the rent-to-income ratio moderate, aiding lease renewal prospects but limiting outsized near-term pricing power. Ownership is relatively accessible locally, which can create competition with renting; this reinforces the importance of asset quality, responsive operations, and targeted value-add to sustain demand and occupancy stability through cycles.
- 2009 vintage positions the asset competitively versus older neighborhood stock; plan for mid-life system updates.
- Retail and service access above national medians supports renter convenience and retention in a rural setting.
- Moderate rent-to-income dynamics favor lease stability; pricing power should be underwritten conservatively.
- Stable 3-mile demographic base supports steady tenant demand rather than rapid growth.
- Risk: Neighborhood occupancy trails many national peers and has softened; active leasing and retention strategies are important.