| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 37th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 157 S High St, Hebron, OH, 43025, US |
| Region / Metro | Hebron |
| Year of Construction | 2003 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
157 S High St Hebron OH Multifamily Investment
Neighborhood occupancy is steady and above the metro median, supporting leasing durability, according to WDSuite’s CRE market data. For a 28-unit asset in suburban Hebron, this points to consistent renter demand rather than outsized lease-up risk.
Hebron sits within the Columbus, OH metro and this neighborhood carries a C+ rating with a suburban profile. Amenity access is competitive among Columbus neighborhoods (rank 197 of 580; 41st percentile nationally), with grocery, pharmacies, and parks registering stronger than average availability compared with many suburbs (grocery 65th percentile, parks 70th, pharmacy 69th), though café and childcare storefront density is limited. These dynamics favor day-to-day convenience for residents without the retail intensity of core urban nodes.
Neighborhood occupancy is 94.7%, placing it above the metro median (rank 289 of 580). For investors, that indicates a reasonably stable baseline for collections and renewals. The share of housing units that are renter-occupied is 38.2% (competitive among Columbus neighborhoods; 78th percentile nationally), which suggests a sufficient tenant base to support multifamily absorption and retention without relying solely on in-migration.
Within a 3-mile radius, population has been essentially flat while households increased modestly over the last five years, and forecasts point to a larger rise in households by 2028. That pattern typically indicates smaller household sizes and a gradual renter pool expansion, a constructive setup for occupancy stability. Incomes in the 3-mile area have trended higher, with the median rising by roughly 40% over five years, supporting rent collections and measured pricing power.
Ownership costs are moderate in context (neighborhood median home value around $179K; low value-to-income ratio by national comparison). This can create some competition from entry-level ownership, so operators should emphasize convenience, maintenance-free living, and unit quality. At the same time, the neighborhood’s low rent-to-income ratio (high national percentile for renter affordability) supports renewal probability and reduces near-term affordability pressure. Construction vintage in the neighborhood skews older (average 1973). With the subject property built in 2003, it is newer than much of the local stock, offering competitive positioning while still benefiting from targeted modernization to meet current renter preferences.
Safety indicators are mixed but generally comparable to broader regional patterns. The neighborhood’s overall crime rank sits at 125 out of 580 Columbus neighborhoods, which signals comparatively higher crime versus many suburban peers locally, while national positioning is closer to the middle of the pack (56th percentile).
Violent offense conditions benchmark more favorably, with national safety performance in the top third and a notable year-over-year decline, whereas property offenses track nearer the national middle and recently increased. Investors should weigh these signals in underwriting by focusing on lighting, access control, and resident engagement rather than assuming uniform block-level outcomes.
Proximity to major corporate offices across Easton and Downtown Columbus supports commuter demand and lease retention, notably among tenants tied to consumer brands, distribution, and technology services. The employers below reflect realistic commute sheds for the neighborhood.
- Dr Pepper Snapple Group — consumer products (22.7 miles)
- L Brands — retail & corporate services (22.8 miles) — HQ
- Wesco Distribution — distribution & logistics (23.4 miles)
- Avnet Services - LifeCycle Solutions — technology services (24.0 miles)
- Avnet Services — technology services (24.6 miles)
Built in 2003, this 28-unit property is newer than much of the surrounding stock, offering a competitive edge on systems and layouts while leaving room for selective value-add to meet current renter expectations. Neighborhood occupancy sits above the metro median and the renter concentration is competitive among Columbus neighborhoods, supporting baseline stability. Within a 3-mile radius, households have grown and are projected to increase further, indicating a gradually expanding tenant base that favors steady absorption and renewals. According to CRE market data from WDSuite, the local rent-to-income profile is favorable, reinforcing retention and measured pricing moves rather than turnover-driven strategies.
Counterbalancing strengths, ownership remains relatively accessible in this area, which can create competition for well-qualified renters; operators should emphasize convenience, amenities, and professional management. Safety metrics are mixed with improving violent offense trends but middling property offense readings, suggesting prudent investment in site security and lighting as part of the operating plan.
- Newer 2003 vintage versus neighborhood average, enabling competitive positioning with targeted modernization
- Above-metro neighborhood occupancy and solid renter concentration support leasing stability
- 3-mile household growth and projected increases expand the tenant base over time
- Favorable rent-to-income dynamics support renewals and disciplined rent management
- Risks: accessible ownership alternatives and mixed safety signals warrant competitive finishes and proactive security