| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 55th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2124 Tennyson Ave NE, Massillon, OH, 44646, US |
| Region / Metro | Massillon |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2124 Tennyson Ave NE, Massillon OH Multifamily Investment
Neighborhood fundamentals point to steady occupancy and renter demand, according to WDSuite’s CRE market data. The immediate area skews car-oriented with limited walkable amenities, so underwriting should lean on workforce demand and access to regional job centers.
Located in an Inner Suburb of the Canton–Massillon metro with a neighborhood rating of B, the area around 2124 Tennyson Ave NE is characterized by stable housing and commuter convenience rather than high amenity density. Neighborhood measures are for the surrounding neighborhood, not the property itself.
Occupancy in the neighborhood is reported at 100% and ranks 1st among 132 metro neighborhoods, placing it in the top quartile nationally. This supports an underwriting case for occupancy stability, though investors should validate property-level performance and seasonality.
The renter-occupied share in the neighborhood is 32.8%, indicating a moderate renter concentration that can support a consistent tenant base without overreliance on transient demand. Median contract rents are comparatively modest and the rent-to-income ratio near 0.13 suggests manageable affordability pressure, which can aid retention while pointing to measured, operations-led pricing power.
Within a 3-mile radius, population has grown in recent years and households have also increased, expanding the potential renter pool. Forward-looking projections indicate additional population growth and a gradual shift toward smaller average household sizes, both of which typically support steady demand for multifamily units and help sustain occupancy.
Amenity density is limited nearby (few cafes, groceries, parks, or restaurants), so resident appeal hinges more on value, space, and access to employment corridors. Home values in the neighborhood sit below many coastal and gateway markets; this more accessible ownership landscape can introduce some competition with entry-level ownership, but it also reinforces the value proposition for well-managed rentals with larger floor plans and pragmatic finishes.
Comparable neighborhood-level crime benchmarks are not available in WDSuite for this specific neighborhood. Investors typically evaluate safety by triangulating city and metro trends, property-level incident history, and management practices rather than relying on block-level assertions.
Proximity to established employers underpins renter demand, with a mix of insurance, consumer products, energy, and manufacturing offices within commuting distance. The following organizations are representative of the employment base accessible from the neighborhood.
- Erie Insurance Group — insurance (3.6 miles)
- J.M. Smucker — consumer products (14.3 miles) — HQ
- Goodyear Tire & Rubber — manufacturing & corporate (16.6 miles) — HQ
- FirstEnergy — utilities (18.3 miles) — HQ
- International Paper Company — paper & packaging (22.5 miles)
The case for 2124 Tennyson Ave NE centers on occupancy durability and renter demand supported by neighborhood-level stability. Neighborhood occupancy is reported at 100% and ranks 1st of 132 metro neighborhoods, signaling limited slack in the immediate rental market. Rents remain relatively modest versus local incomes, which can support retention and controlled rent steps through consistent operations rather than aggressive pushes. Based on CRE market data from WDSuite, these dynamics compare favorably to many Midwest suburban submarkets.
Demographics aggregated within a 3-mile radius show recent population and household growth, with projections indicating additional gains and slightly smaller household sizes ahead—factors that typically expand the renter pool and support leasing velocity. The trade-off is limited nearby amenity density and a homeownership market that is comparatively accessible, which may create competition at the margin; underwriting should emphasize unit livability, management quality, and commute convenience to regional employers.
- Neighborhood occupancy ranks 1st of 132 in the metro, reinforcing an expectation of steady leasing.
- Rents modest relative to incomes suggest manageable affordability pressure and retention upside.
- 3-mile radius shows population and household growth, supporting a larger tenant base over time.
- Access to diversified employers underpins workforce housing demand and lease stability.
- Risks: limited nearby amenities and accessible ownership options require disciplined pricing and asset positioning.