| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Good |
| Demographics | 43rd | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1097 County Road 1, South Point, OH, 45680, US |
| Region / Metro | South Point |
| Year of Construction | 1979 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1097 County Road 1 South Point Multifamily Opportunity
Positioned in an A-rated rural neighborhood, the asset benefits from a renter-occupied housing base and accessible rents that support leasing resilience, according to WDSuite’s CRE market data. The core investor takeaway is steady workforce demand at attainable price points rather than premium rent growth.
The property sits in South Point within the Huntington-Ashland metro and a neighborhood rated A, ranked 23 out of 180 neighborhoods — placing it in the top quartile among metro peers. The area skews rural, with daily needs reasonably served by groceries and pharmacies (both competitive versus national medians), while cafes and restaurants are thinner than urban submarkets. Parks access also scores well relative to nationwide norms, reinforcing general livability for value-seeking renters.
Rents in the neighborhood benchmark below national levels, and the rent-to-income ratio trends favorable (nationally high percentile for renter affordability), which can bolster retention and reduce turnover risk for investors. Home values are lower relative to the U.S., suggesting a more accessible ownership market; that can introduce some competition with for-sale options, but it also caps rent escalation risk and supports steady occupancy for budget-oriented units. Neighborhood occupancy has been moderate with some recent softening, so disciplined leasing and renewal management remain important.
Tenure patterns point to a meaningful renter-occupied share at the neighborhood level, indicating a durable tenant base for multifamily. Within a 3-mile radius, demographic data indicate modest population growth to date and projections for additional population growth alongside a rising renter concentration, which can expand the local renter pool and support occupancy stability over the medium term (based on CRE market data from WDSuite).
Schools in the area trend near national medians by rating, which is typical for the metro’s workforce neighborhoods. Overall, the combination of attainable rents, adequate daily amenities, and a growing nearby renter pool positions the asset as competitive among Huntington-Ashland neighborhoods rather than a premium-price play.
Neighborhood safety indicators are favorable compared with national benchmarks. Overall crime metrics place the area in the top quartile nationally, with both violent and property offense measures reading safer than average according to WDSuite. Recent year-over-year trends show meaningful declines across major categories, which, if sustained, can support tenant retention and reduce operational disruption risk. As always, investors should evaluate property-level security and management practices alongside neighborhood trends.
Nearby employers reflect a stable industrial and consumer-goods base that underpins workforce rental demand and manageable commute times for residents, including AK Steel and General Mills.
- Ak Steel — steel manufacturing (7.0 miles)
- General Mills — consumer packaged goods (44.0 miles)
This 71-unit asset offers exposure to a top-quartile neighborhood in the Huntington-Ashland metro with rents that benchmark below national levels, supporting retention and stable leasing. According to CRE market data from WDSuite, the surrounding area’s rent-to-income profile is favorable, which can mitigate affordability pressure and sustain occupancy for smaller, value-focused floor plans.
Within a 3-mile radius, demographics point to modest population growth to date and projections for further increases in both households and the renter share, signaling a larger tenant base over time. The local employment mix includes nearby industrial and consumer-goods employers that align with workforce housing demand. Key risks include moderate neighborhood occupancy with recent softening and some competition from relatively accessible homeownership; active leasing, renewals, and prudent capital planning can help manage these exposures.
- Attainable rents and favorable rent-to-income dynamics support retention
- Top-quartile neighborhood standing within the Huntington-Ashland metro
- 3-mile demographics indicate renter pool expansion over the medium term
- Proximity to industrial and CPG employers underpins workforce demand
- Risks: moderate occupancy softness and competition from for-sale housing