| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 36th | Poor |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Harvest Dr, Ravenna, OH, 44266, US |
| Region / Metro | Ravenna |
| Year of Construction | 2013 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Harvest Dr, Ravenna OH — 40-Unit Multifamily
Neighborhood occupancy is competitive among Akron neighborhoods and in the top quartile nationally, according to WDSuite’s CRE market data, supporting steady renter demand for stabilized operations.
Located in Ravenna’s inner-suburban context of the Akron, OH metro, the area around 400 Harvest Dr shows renter concentration above the metro median, with 43.5% of housing units renter-occupied (competitive among 180 Akron neighborhoods). This deeper tenant base typically supports consistent leasing and renewal activity for multifamily assets.
Occupancy at the neighborhood level trends strong and lands in the top quartile nationally while ranking competitive in the metro, a favorable backdrop for maintaining rent rolls through cycles. Median contract rents sit near the national midpoint, and the rent-to-income ratio is below national averages, which can aid retention even if it tempers near-term pricing power.
Within a 3-mile radius, demographics indicate a stable population with forecasts through 2028 pointing to modest population growth and a pronounced increase in households alongside smaller average household size. This implies a larger tenant pool and incremental demand for rental units, which can support occupancy stability and absorption for midsize communities.
Livability signals are mixed: grocery access is around the national midpoint, while cafes, parks, and pharmacies are limited in the immediate neighborhood, suggesting greater car reliance. Average school ratings in the area trend below national midpoints, which investors may weigh when considering long-term resident profiles. Median home values are comparatively low for the nation, which can introduce some competition from ownership, but also helps sustain renter demand for more accessible multifamily options.
Neighborhood crime metrics are not available in WDSuite for this area. Investors typically benchmark safety using city and metro sources and monitor multi-year trends to understand how the neighborhood compares regionally without relying on block-level claims.
Proximity to established corporate employers across manufacturing, utilities, and logistics supports workforce housing demand and commute convenience for renters. The following nearby employers anchor the regional employment base referenced here.
- Goodyear Tire & Rubber — manufacturing (13.3 miles) — HQ
- FirstEnergy — utilities (14.7 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (19.6 miles)
- Norfolk Southern — rail logistics offices (19.9 miles)
- Home Depot Distribution Center — distribution (20.2 miles)
Built in 2013, this 40-unit property offers newer-vintage positioning versus a predominantly older local stock, which can enhance competitiveness on finishes and systems while leaving room for targeted upgrades over the next hold. Neighborhood occupancy performance is strong—competitive in the Akron metro and top quartile nationally—supporting leasing stability and renewal capture, according to CRE market data from WDSuite. The 3-mile radius points to an increase in households and smaller household sizes through 2028, which can expand the renter pool and underpin steady absorption.
Affordability dynamics are balanced: rent levels near the national midpoint and a lower rent-to-income ratio can aid retention, though they may moderate rent growth expectations. Lower local home values in national context can present ownership alternatives, but they also sustain reliance on rental housing for households prioritizing flexibility. Average unit sizes near 1,000 square feet create versatility across renter segments, from workforce households to downsizers.
- 2013 vintage offers relative competitive edge versus older area stock with selective value-add potential
- Strong neighborhood occupancy—competitive in Akron and top quartile nationally—supports leasing durability
- 3-mile outlook shows household growth and smaller household size, expanding the renter pool
- Balanced affordability profile supports retention while guiding disciplined rent growth assumptions
- Risks: limited nearby amenities and below-average school ratings; lower ownership costs may compete with rentals