| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 285 Wilbur Dr NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1987 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
285 Wilbur Dr NE North Canton 84-Unit Multifamily
Neighborhood occupancy runs at 93.8%—a solid base for lease stability at the submarket level, according to WDSuite’s CRE market data, with renter demand supported by a balanced rent-to-income profile. This location offers investors steady workforce appeal within the Canton–Massillon metro.
The property sits in an Inner Suburb pocket of North Canton that is competitive among Canton–Massillon neighborhoods (ranked 13 of 132 with an A neighborhood rating). Local dynamics point to steady renter demand: the neighborhood s renter-occupied share is 45.6%, indicating a sizable tenant base for multifamily, while occupancy in the surrounding neighborhood is 93.8%, supporting day-one stability.
Rents in the immediate neighborhood benchmark near the metro middle (median contract rent around $898), and the national rent-to-income ratio proxy at 0.15 suggests limited affordability pressure often constructive for retention but requiring disciplined pricing strategy. Compared with national trends, the area shows above-median demographics strength (72nd percentile) and a moderate housing profile (63rd percentile), which typically favor consistent leasing over sharp volatility.
Within a 3-mile radius, demographics show a stable population base with recent softness followed by forward growth: households are projected to increase by roughly 32% through 2028, even as average household size trends smaller. For multifamily investors, that points to a larger tenant base over time and sustained demand for 1–2 bedroom configurations. Median household income within 3 miles has risen meaningfully, further supporting collections and lease retention.
Amenity density inside the immediate neighborhood skews light for daily retail (few cafes, groceries, and parks in the neighborhood count), but restaurant coverage ranks strong locally (11 of 132). Investors should expect most residents to use nearby corridors for shopping and services, a common pattern in inner-suburban Ohio that does not typically impede leasing when employment access is solid.
Comparable safety indicators for this specific neighborhood are not available in the current dataset. Investors commonly benchmark Inner Suburb locations in the Canton–Massillon metro against regional trends and local law enforcement reports to assess conditions and trajectory. A customary diligence approach includes reviewing multi-year, neighborhood-scale trend data rather than block-level snapshots.
Proximity to established corporate employers supports a broad commuter tenant base and reinforces weekday leasing stability. Notable nearby employers include Erie Insurance Group, Goodyear Tire & Rubber, FirstEnergy, J.M. Smucker, and International Paper.
- Erie Insurance Group — insurance services (3.7 miles)
- Goodyear Tire & Rubber — manufacturing & corporate (12.0 miles) — HQ
- FirstEnergy — utilities & corporate (14.3 miles) — HQ
- J.M. Smucker — consumer goods & corporate (19.1 miles) — HQ
- International Paper Company — paper & packaging (27.9 miles)
Built in 1987, the asset is slightly older than the neighborhood s average vintage and may benefit from targeted capital plans to modernize systems and finishes ikely a manageable value-add path given occupancy stability in the surrounding area. According to CRE market data from WDSuite, the neighborhood s occupancy near 93.8% and renter-occupied share around 45.6% indicate durable tenant depth and support for steady performance versus the broader metro.
Within a 3-mile radius, forecasts point to population growth and a sizable increase in households by 2028 amid smaller household sizes signals that typically expand the renter pool and support sustained leasing. The neighborhood s rent-to-income profile implies low affordability pressure, favoring retention while suggesting rent growth should be paced with local income gains. Amenity density is lighter in the immediate block group, so marketing and positioning should emphasize access to nearby retail corridors and major employers.
- Occupancy and renter concentration at the neighborhood level support leasing stability and collections
- 1987 vintage offers practical value-add and systems upgrades to enhance competitiveness
- 3-mile outlook shows population and household growth, expanding the tenant base
- Rent-to-income dynamics favor retention; pace rent increases with local income trends
- Risk: lighter immediate amenity density requires emphasis on connectivity and employer access