| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 54th | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Hickory St, Clyde, OH, 43410, US |
| Region / Metro | Clyde |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Hickory St, Clyde OH Multifamily Opportunity
Neighborhood occupancy is 97.8%, supporting stable cash flow potential for a 48-unit asset, according to WDSuite s CRE market data.
Located in Clyde within the Fremont, OH metro, this A+ rated rural neighborhood ranks 1 out of 31 metro neighborhoods, indicating competitive fundamentals at the submarket level. Amenity access is modest but functional: grocery and parks availability track near metro averages, while cafes and pharmacies are sparse. For investors, this points to everyday convenience with limited lifestyle density a typical profile for workforce housing in smaller Ohio markets.
Occupancy performance is a clear strength: the neighborhood s occupancy rate places it in the top quartile nationally, signaling consistent renter demand and supporting leasing stability. The share of housing units that are renter-occupied sits near one-third (32.1%) in the neighborhood, providing a meaningful tenant base without oversaturation. Median contract rents trend on the lower end of the national distribution, which can aid retention and reduce turnover volatility.
Schools average 3.5 out of 5 (73rd percentile nationally), a relative advantage for family-oriented renters. Demographic indicators aggregated within a 3-mile radius show growth in households over the last five years alongside smaller average household sizes, expanding the potential renter pool and supporting occupancy durability for multifamily assets.
On affordability, elevated home value appreciation in recent years within the neighborhood alongside a rent-to-income ratio near the national midpoint suggests manageable affordability pressure for renters. In practice, this tends to support lease retention while allowing measured rent positioning without eroding demand.
Safety indicators are comparatively favorable versus national peers: the neighborhood s safety profile sits around the 71st percentile nationally, with violent offense estimates around the 68th percentile for safety and property offense near the national midrange. Recent trends show double-digit declines year over year in both violent and property offenses, which, while not a guarantee of future conditions, point to improving local dynamics that can bolster leasing confidence.
Within the Fremont, OH metro context (31 neighborhoods total), the area performs above many local peers on safety, and national comparisons place it comfortably above average. Investors should consider these trends as supportive of tenant retention and marketability while continuing routine risk management and on-site security best practices appropriate for a rural setting.
Regional employment anchors within commuting range include Owens Corning, Owens-Illinois, Marathon Petroleum, and Dana Holding. Their presence supports a steady renter pipeline and helps underpin leasing stability for workforce-oriented units.
- Owens Corning Corporate Offices (37.1 miles) HQ
- Owens-Illinois Corporate Offices (37.7 miles) HQ
- Marathon Petroleum Corporate Offices (39.1 miles) HQ
- Dana Holding Corporate Offices (41.1 miles) HQ
This 48-unit property built in 1974 is relatively newer than the neighborhood s average vintage, providing a competitive edge versus older stock while leaving room for targeted modernization of systems and common areas. According to CRE market data from WDSuite, neighborhood occupancy is 97.8% and sits in the top quartile nationally, a backdrop that supports lease-up confidence and ongoing pricing discipline.
Households within a 3-mile radius have increased over the past five years and are projected to expand further, pointing to a larger tenant base and reinforcing demand for rental units. Rent levels are comparatively accessible in this neighborhood context, which can aid retention and reduce turnover risk, while school quality and improving safety trends add to long-run livability key factors for stable multifamily performance in smaller Ohio markets.
- High neighborhood occupancy in the top quartile nationally supports leasing stability
- 1974 vintage offers competitive positioning versus older area stock with selective value-add upside
- 3-mile household growth expands the renter pool and underpins demand
- Rent levels conducive to retention provide room for disciplined revenue management
- Risks: rural amenity depth is modest and ownership options are accessible, which can limit rent growth outperformance