| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Wilbur Dr NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Wilbur Dr NE, North Canton Multifamily Investment
Positioned in an inner-suburb pocket of North Canton with above-median neighborhood occupancy and a deep renter base, this 20-unit asset maps to stable leasing fundamentals, according to CRE market data from WDSuite.
The property sits in an Inner Suburb neighborhood rated A and ranked 13 out of 132 metro neighborhoods — placing it in the top quartile within the Canton–Massillon area. Neighborhood occupancy is above the metro median, and renter-occupied units account for a high share locally (ranked 14 of 132), indicating a sizable tenant base for multifamily and supportive depth for leasing.
Amenity access is mixed. Restaurant density ranks 11 of 132 and is in the 80th percentile nationally, supporting everyday convenience for residents. Childcare availability also ranks 11 of 132 and sits in the upper national tiers, while cafes, groceries, parks, and pharmacies are thinner within the immediate neighborhood footprint. For investors, this combination typically supports day-to-day livability while reinforcing demand for well-managed, on-site community features.
Housing indicators trend constructive. The neighborhood’s housing profile ranks near the top among 132 metro peers and sits above the national median. Median contract rents benchmark around the national middle, suggesting competitive pricing relative to income levels and helping sustain occupancy. The rent-to-income ratio tracks near national midpoints, which points to manageable affordability pressure and potential for steady retention with disciplined lease management.
Within a 3-mile radius, households have expanded in recent years and are projected to grow further through 2028, even as average household size trends smaller. This dynamic typically enlarges the renter pool and supports occupancy stability for one- and two-bedroom product. Median and mean household incomes in the 3-mile area have risen and are forecast to continue growing, which can underpin rent growth potential when paired with prudent renewal strategies.
Comparable neighborhood crime metrics are not available in WDSuite for this specific location at this time. Investors commonly benchmark property-level security features and public data from city and county sources to contextualize safety alongside leasing performance, renewal rates, and workforce commuting patterns.
The location draws on a diversified employment base that supports renter demand and commute convenience, including insurance, manufacturing, utilities, and consumer goods employers noted below.
- Erie Insurance Group — insurance (3.7 miles)
- Goodyear Tire & Rubber — manufacturing (11.9 miles) — HQ
- FirstEnergy — utilities (14.3 miles) — HQ
- J.M. Smucker — consumer foods (19.0 miles) — HQ
- International Paper Company — paper & packaging (27.8 miles)
This North Canton asset benefits from neighborhood fundamentals that are competitive within the metro and supported by a sizable renter-occupied housing share. Neighborhood occupancy trends above the metro median, while restaurants and childcare rank near the top of local peers, contributing to day-to-day livability that can sustain leasing. Within a 3-mile radius, households are projected to increase and household size is expected to decline, expanding the tenant base for smaller floor plans and supporting steady absorption.
Home values in the area sit above national midpoints, and value-to-income metrics suggest ownership is not unusually low-cost, which can reinforce reliance on well-located rentals. According to CRE market data from WDSuite, neighborhood rent levels benchmark around the national middle with a rent-to-income ratio near national norms — a setup that can balance retention and pricing power when supported by ongoing asset maintenance and targeted upgrades.
- Top-quartile neighborhood standing in the metro with above-median occupancy supports leasing stability
- High renter-occupied share indicates depth of demand for multifamily units
- Restaurant and childcare access compares well locally, enhancing resident convenience
- 3-mile household growth and smaller household sizes expand the tenant base for 1–2 bedroom product
- Risks: thinner supply of certain neighborhood amenities (e.g., groceries, parks) and the need for disciplined lease and expense management to preserve retention