| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Fair |
| Demographics | 44th | Fair |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 529 Bedford Rd SE, Brookfield, OH, 44403, US |
| Region / Metro | Brookfield |
| Year of Construction | 1982 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
529 Bedford Rd SE Brookfield Multifamily Investment
Renter concentration sits around one-third of neighborhood housing units and occupancy trends are near local norms, according to WDSuite’s CRE market data. Positioning in a lower-cost ownership market supports retention, though lease-up may rely more on value and management execution than amenity pull.
The property is in a rural pocket of the Youngstown–Warren–Boardman metro with a C+ neighborhood rating. Daily needs are serviceable rather than destination-driven: grocery access is competitive among the metro’s 222 neighborhoods, while cafes, parks, and pharmacies are limited nearby. For investors, this typically shifts the appeal toward value, parking convenience, and straightforward operations rather than lifestyle amenities.
Neighborhood occupancy is below the metro median, so underwriting should assume steady but measured leasing velocity. Median contract rents in the area trend on the lower side of the metro and national distributions, which can aid resident retention but moderates near-term pricing power. Average school ratings are lower, which may tilt the renter profile toward workforce households and price-sensitive tenants.
Tenure patterns show a renter-occupied share near one-third of local housing units, indicating a smaller but durable tenant base rather than a high-density renter corridor. In a high-cost ownership market this would signal spillover demand; here, more accessible ownership options mean multifamily competes on value, management, and unit quality.
Demographics aggregated within a 3-mile radius show a modest population dip in recent years alongside an increase in household counts, pointing to smaller household sizes and a gradual broadening of the leasing pool. Looking ahead, forecasts indicate growth in both households and incomes through the midterm, which supports a larger tenant base and occupancy stability if assets are positioned with competitive finishes and prudent rent-to-income thresholds.
Safety indicators point to favorable recent momentum: estimated property and violent offense rates declined sharply year over year, and national comparisons place the neighborhood in a stronger safety tier than many areas across the country. Rather than block-level conclusions, investors should view this as supportive of leasing and retention relative to regional alternatives, while continuing standard due diligence on submarket and property-level trends.
Regional employment is oriented to logistics and transportation links, with proximity supporting commuting convenience that can stabilize workforce housing demand. Notable employer access includes:
- Norfolk Southern — rail & logistics operations (17.1 miles)
Built in 1982, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older inventory while leaving room for targeted system updates and value-add upgrades. The neighborhood’s renter concentration is modest but steady, and lower median rents suggest retention-focused management can perform, even if headline rent growth is measured. According to CRE market data from WDSuite, neighborhood occupancy sits near local norms, so underwriting should emphasize leasing execution, durable tenant quality, and expense control.
Within a 3-mile radius, households have increased despite a slight population dip, and forecasts point to additional household and income growth—factors that can expand the renter pool and support stable occupancy over time. Accessible ownership costs in the area mean multifamily competes directly with for-sale options, making unit condition, management quality, and operational discipline the key differentiators.
- 1982 vintage offers a competitive edge over older local stock with targeted upgrade potential
- Lower median rents support retention and steady occupancy with value-forward positioning
- 3-mile household and income growth outlook expands the tenant base and leasing depth
- Rural setting with grocery access; operations lean on management execution over amenity draw
- Risks: below-metro-median neighborhood occupancy and direct competition from ownership options