| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 52nd | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1380 Yauger Rd, Mount Vernon, OH, 43050, US |
| Region / Metro | Mount Vernon |
| Year of Construction | 1994 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1380 Yauger Rd Mount Vernon OH Multifamily Opportunity
Positioned in an inner-suburban pocket of Mount Vernon with neighborhood occupancy trending in the mid‑90s, this asset benefits from steady renter demand, according to WDSuite’s CRE market data. Investor takeaway: stable fundamentals with room to manage affordability and retention.
Mount Vernon’s inner‑suburb location offers a balanced mix of daily conveniences. Neighborhood amenity density ranks competitively among 26 metro neighborhoods, with cafes, childcare, groceries, and pharmacies scoring above the national median, supporting day‑to‑day livability that helps with tenant retention.
Neighborhood occupancy is above the national median (70th percentile), pointing to durable leasing conditions rather than volatility. The share of housing units that are renter‑occupied sits near one‑half, indicating a meaningful renter concentration that supports depth of tenant demand without overwhelming supply pressure. Median contract rents are moderate relative to national peers, which can aid renewal capture while limiting sharp affordability pressure.
Within a 3‑mile radius, population and household counts have grown in recent years, and forecasts point to further population growth alongside a smaller average household size. For investors, that combination typically expands the renter pool and supports occupancy stability and absorption for mid‑size properties like a 40‑unit asset. Home values are elevated versus local incomes by national comparison (value‑to‑income is in the upper‑mid national band), reinforcing sustained reliance on rental housing and manageable pricing power.
Schools in the immediate neighborhood rate below national averages, and park access is limited in the local ranking cohort. These are manageable from an investment standpoint but may warrant positioning toward value‑seeking renters and an emphasis on on‑site amenities. Overall, Mount Vernon’s neighborhood profile is competitive among 26 metro neighborhoods, with livability drivers that favor retention, based on commercial real estate analysis and WDSuite’s market dataset.
Safety signals are mixed when viewed against regional and national benchmarks. The neighborhood’s violent‑offense rate trends in the top quartile nationally (safer than most U.S. neighborhoods), while property‑offense levels sit around the national midpoint. In the latest year, property incidents increased versus the prior year, so prudent security measures and resident communication plans are advisable for asset management.
Within the Mount Vernon metro cohort of 26 neighborhoods, safety ranks land near the middle of the pack rather than the top tier. For investors, this suggests underwriting that assumes average security‑related operating practices, while recognizing that broader national comparisons for violent crime are favorable.
Regional employment is anchored by Columbus‑area corporate offices within roughly 33–40 miles, supporting commuter access and diversified renter demand tied to consumer, distribution, and healthcare sectors. The list below highlights nearby employers most relevant to leasing stability.
- L Brands — consumer/retail HQ (33.3 miles) — HQ
- Wesco Distribution — industrial distribution (36.2 miles)
- Dr Pepper Snapple Group — beverages (37.1 miles)
- International Paper Company — paper & packaging (39.7 miles)
- Fuse by Cardinal Health — healthcare technology (40.2 miles)
This Mount Vernon asset is positioned for steady performance: neighborhood occupancy trends above the national median, renter concentration is substantial without being dominant, and amenity access is solid for daily needs. Ownership costs sit on the higher side relative to local incomes by national comparison, which tends to sustain reliance on multifamily rentals and supports renewal capture. According to CRE market data from WDSuite, these neighborhood signals align with durable demand rather than short‑term spikes.
Within a 3‑mile radius, recent and projected population growth, alongside smaller average household sizes, point to a larger renter pool over time. While school ratings and a recent uptick in property offenses are watch items, both can be managed through asset positioning, resident engagement, and thoughtful capex focused on livability and security.
- Occupancy above national median supports income stability and leasing velocity
- Meaningful renter‑occupied share indicates depth of tenant base for a 40‑unit property
- Elevated ownership costs versus income reinforce sustained rental demand and renewal capture
- 3‑mile population growth and smaller household sizes expand the renter pool over time
- Risks: below‑average school ratings and recent property‑crime uptick warrant prudent underwriting and operations