| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 38th | Fair |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Oxford Square Ln, Newcomerstown, OH, 43832, US |
| Region / Metro | Newcomerstown |
| Year of Construction | 1974 |
| Units | 49 |
| Transaction Date | 2002-01-22 |
| Transaction Price | $855,000 |
| Buyer | LEADS CORP |
| Seller | OXFORD SQUARE LTD |
100 Oxford Square Ln, Newcomerstown OH 49-Unit Multifamily
Neighborhood occupancy sits modestly above the national median and the share of renter-occupied housing is comparatively high, supporting demand stability according to WDSuite s CRE market data.
Located in Newcomerstown within the New Philadelphia 4Dover, OH metro, the neighborhood carries a B rating and is competitive among metro peers (ranked 20 out of 41 neighborhoods). Occupancy in the neighborhood trends above the national midpoint, which can help underpin cash flow durability for multifamily assets even through slower leasing seasons.
Renter-occupied housing comprises a sizable share of units locally and ranks 5th out of 41 metro neighborhoods, placing it in the top quartile nationally for renter concentration. For investors, that depth of the tenant base supports ongoing leasing activity and reduces reliance on in-migration to fill units.
Everyday services are accessible: grocery options rank 5th and pharmacies 3rd out of 41 metro neighborhoods, while restaurants rank 6th. Caf s and parks are limited within the immediate area, so marketing should emphasize convenience retail and essential services rather than lifestyle amenities.
Average school ratings are competitive among New Philadelphia 4Dover neighborhoods (rank 16 of 41) and sit near the national median. Ownership costs are relatively low in this area compared with the nation, which can introduce some competition from entry-level homeownership; however, the neighborhood s rent-to-income profile is favorable by national standards, supporting retention and measured pricing power for well-managed assets.
Within a 3-mile radius, demographics indicate a slight population decline alongside a modest increase in households, pointing to smaller household sizes and a gradual expansion of the renter pool. Forward-looking indicators suggest additional household growth, which can support occupancy stability for workforce-oriented properties.
Safety indicators are mixed. Compared with neighborhoods nationwide, the area performs in the top quartile for overall and violent safety, suggesting relatively favorable conditions at a national scale. Within the New Philadelphia 4Dover metro, however, the neighborhood s crime rank is on the weaker end (ranked 1 out of 41), indicating higher incident levels than many nearby neighborhoods.
Recent trends diverge by offense type: estimated property-related incidents have eased significantly year over year, while violent-offense estimates moved higher. For underwriting, a conservative approach to security line items and continued monitoring of local trend data is prudent.
Regional employers within commuting distance provide a stable employment base that can support renter demand, led by distribution, insurance, paper products, and food manufacturing. The following employers anchor the area s workforce exposure:
- Autozone Distribution Center — distribution/logistics (25.6 miles)
- Erie Insurance Group — insurance (40.7 miles)
- International Paper Company — paper & packaging (40.7 miles)
- J.M. Smucker — food manufacturing (40.9 miles) — HQ
Built in 1974, this 49-unit asset is newer than much of the local housing stock, offering relative competitiveness versus older properties while still warranting capital planning for aging systems and potential value-add upgrades. Neighborhood occupancy is modestly above the national midpoint and renter concentration is high, supporting a stable leasing funnel. According to CRE market data from WDSuite, local essentials access (grocery, pharmacy) is strong relative to the metro, which can aid day-to-day livability and retention.
Within a 3-mile radius, households are rising even as population trends edge down, implying smaller household sizes and a gradually expanding renter pool. While ownership is relatively accessible in this market, the neighborhood s rent-to-income dynamics compare favorably at a national level, supporting lease renewal rates when paired with disciplined rent-setting and service quality.
- Renter-occupied share ranks among the strongest in the metro, deepening the tenant base and supporting occupancy stability.
- 1974 vintage is competitive versus older local stock, with potential to capture value through targeted renovations and systems upgrades.
- Essentials access (grocery, pharmacy) ranks near the top of metro neighborhoods, enhancing livability and retention.
- Household growth within 3 miles suggests a gradually expanding renter pool, supporting steady leasing.
- Risks: crime ranks weaker than many metro peers and ownership alternatives are accessible; plan security, service quality, and pricing discipline accordingly.