| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 54th | Good |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6961 Whitehouse Sq Blvd, Whitehouse, OH, 43571, US |
| Region / Metro | Whitehouse |
| Year of Construction | 2010 |
| Units | 32 |
| Transaction Date | 2010-06-18 |
| Transaction Price | $260,000 |
| Buyer | WHITEHOUSE SQUARE SENIOR VILLAGE LLC |
| Seller | J C T ENTERPRISES LTD |
6961 Whitehouse Sq Blvd, Whitehouse OH Multifamily Asset
Newer 2010 construction with stable neighborhood occupancy and a renter base supported by rising household counts, according to WDSuite’s CRE market data. The location’s fundamentals point to steady lease-up and retention rather than outsized rent growth.
Whitehouse sits within the Toledo metro and rates as competitive among Toledo neighborhoods (rank 69 of 244). The area’s housing stock trends older than this 2010 asset (neighborhood average 1989), giving the property a relative advantage versus legacy buildings while still planning for periodic system updates over the hold.
Livability is driven by practical access rather than dense retail clusters. Grocery availability tracks slightly above national norms, and park access trends in the top quartile nationally, while cafes, childcare, and pharmacies are less concentrated in the immediate neighborhood. For investors, this mix suggests resident demand anchored in everyday conveniences rather than entertainment-driven foot traffic.
Neighborhood occupancy is high, and renter-occupied housing comprises roughly one-fifth of units, indicating a smaller but stable tenant pool. Within a 3-mile radius, 5-year population growth and a larger household count point to a widening renter pool that can support occupancy stability. Median contract rents in the 3-mile area remain moderate relative to local incomes, helping lease retention and reducing turnover sensitivity.
Home values in the neighborhood sit near national norms, and the rent-to-income ratio trends favorable locally, which can sustain rental demand and pricing discipline without overextending residents. These dynamics, coupled with the property’s newer vintage, position the asset to compete effectively with older multifamily in Lucas County.
Safety indicators are comparatively favorable at the neighborhood level, with violent-offense risk trending in the higher national percentiles (safer relative to most neighborhoods nationwide) and improving year over year. Property-offense measures also trend better than average nationally with recent declines. While crime can vary by block and over time, the directional data indicates a stable-to-improving backdrop compared to broader U.S. patterns.
Nearby corporate offices provide a steady employment base that supports renter demand and commute convenience, notably from Dana entities and regional headquarters such as Owens-Illinois and Owens Corning.
- Dana Holding — corporate offices (6.3 miles) — HQ
- Dana — corporate offices (6.3 miles)
- Owens-Illinois — corporate offices (7.5 miles) — HQ
- Owens Corning — corporate offices (16.1 miles) — HQ
- Dana Holding Corporation — corporate offices (18.7 miles)
Constructed in 2010 with 32 units, the property offers a newer vintage versus much of the surrounding stock, enhancing competitive positioning on finishes and systems while reserving capital for targeted modernization over time. Neighborhood occupancy is strong, renter concentration is modest, and nearby corporate employers underpin day-to-day leasing fundamentals.
Within a 3-mile radius, recent population growth and notable increases in households point to a larger tenant base ahead, supporting occupancy stability and steady absorption. Median rents remain moderate relative to local incomes; according to CRE market data from WDSuite, this affordability backdrop can aid lease retention and measured pricing power without elevating turnover risk.
- 2010 construction offers competitive positioning versus older neighborhood inventory
- High neighborhood occupancy with a stable, modest renter-occupied base
- 3-mile population and household growth expand the renter pool, supporting absorption
- Moderate rents relative to incomes support retention and reduce turnover sensitivity
- Risks: thinner amenity density and a smaller renter pool may temper rent outperformance