| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 32nd | Poor |
| Amenities | 18th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 Morgan St, Oak Hill, OH, 45656, US |
| Region / Metro | Oak Hill |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
121 Morgan St Oak Hill Ohio 22-Unit Multifamily
Neighborhood data points to a renter-occupied share above the metro median with relatively low rent-to-income levels, supporting demand resilience according to WDSuite’s CRE market data. Homeownership is comparatively more accessible here than in many U.S. neighborhoods, so asset positioning and leasing strategy matter for retention.
Located in Oak Hill’s rural setting, the neighborhood carries a B+ rating and ranks 8 out of 20 within Jackson, OH—competitive among Jackson neighborhoods based on CRE market data from WDSuite. Pharmacy access ranks near the top of the metro, while cafes, restaurants, and parks are limited, suggesting daily needs are serviceable but discretionary amenities are sparse.
Renter concentration in the neighborhood is above the metro median (rank 6 of 20), indicating a deeper tenant base for multifamily relative to many nearby areas. Neighborhood occupancy trends track below the metro median (rank 13 of 20), so operations may benefit from hands-on leasing and resident services to sustain stability.
Median home values sit in the lower quartiles nationally (25th percentile), which can introduce some competition from ownership. That said, a low neighborhood rent-to-income ratio (70th percentile nationally) supports lease retention and provides room for disciplined, value-oriented rent strategies rather than aggressive push-throughs.
The average construction year for nearby housing is 1971. With a 1988 vintage, the subject is newer than the local housing stock, offering relative competitiveness versus older properties. Investors should still plan for system updates and targeted common-area/finish upgrades to maintain positioning against both older homes and regional rental options.
Within a 3-mile radius, population contracted modestly in recent years while forecasts point to slight growth over the next five years. Household counts were roughly flat and are projected to inch higher, which supports a steady renter pool rather than rapid expansion. For investors, this implies a focus on capture and retention over outsized lease-up growth.
Neighborhood-level crime metrics are not available in WDSuite for this area, so investors should benchmark against Jackson County and Oak Hill municipal trends and confirm with property-level measures (lighting, access controls, and resident policies). Use comparative regional statistics and recent trend reviews rather than block-level assumptions to calibrate risk.
Employment access is oriented to regional industrial and corporate nodes, supporting workforce housing demand for commuting residents. Key nearby employers include General Mills and AK Steel.
- General Mills — consumer goods manufacturing (13.6 miles)
- Ak Steel — steel manufacturing (28.5 miles)
This 22-unit, 1988-vintage asset offers relative age advantage versus nearby housing (average 1971) and an average unit size near 800 square feet, positioning it competitively for local workforce renters. Neighborhood renter concentration sits above the metro median, while occupancy trends run below the metro median—conditions that reward disciplined leasing, maintenance, and customer service to support stability. According to commercial real estate analysis from WDSuite, a low neighborhood rent-to-income ratio reinforces retention potential, while lower national-percentile home values mean some competition from ownership should be underwritten.
Forward-looking demographics within a 3-mile radius indicate slight population and household growth over the next five years, pointing to a steady, not surging, tenant base. Capital plans focused on system upkeep and selective interior refreshes can sustain competitive positioning against older local stock without overreliance on outsized rent growth.
- Newer 1988 vintage versus neighborhood average, with value-add potential through targeted updates
- Above-median renter concentration in the neighborhood supports tenant base depth
- Low rent-to-income levels suggest retention durability with disciplined rent management
- Steady 3-mile demand outlook favors operational focus over speculative growth
- Risk: lower home values and below-median occupancy warrant conservative underwriting and active leasing