| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 62nd | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1880 Humboldt Rd, Chico, CA, 95928, US |
| Region / Metro | Chico |
| Year of Construction | 1991 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1880 Humboldt Rd Chico Multifamily Investment Opportunity
Neighborhood-level data point to strong renter demand and everyday convenience in this inner-suburb pocket of Chico, according to WDSuite’s CRE market data, supporting durable leasing for a 22-unit asset.
Located in an inner-suburb area of Chico, the neighborhood scores A+ overall and is competitive among 74 metro neighborhoods, reflecting a balanced mix of livability and investment fundamentals. Amenity access is a clear strength: cafes, restaurants, groceries, parks, and pharmacies place the area in the top quartile nationally, which helps with day-to-day convenience and leasing appeal.
Schools in the surrounding area average roughly mid-tier quality (about 3.5 out of 5), providing a reasonable draw for households without commanding premium pricing. For investors, this combination often supports retention without overreliance on top-decile school positioning.
The neighborhood shows a high share of renter-occupied housing units (ranked 9th among 74 metro neighborhoods), signaling a deep tenant base for multifamily. Median contract rents locally sit around the national upper-middle range, while the rent-to-income relationship suggests manageable affordability pressure, which can aid renewals and occupancy management.
Within a 3-mile radius, population and households have grown over the past five years, with forecasts indicating further increases in households by 2028. This points to a larger tenant base and continued demand for rental units, even as average household size trends smaller — a shift that can support absorption of larger floor plans as well as smaller units depending on positioning.
Home values in the neighborhood sit in the national upper quartile and the value-to-income ratio is elevated compared with U.S. norms. In practice, that describes a higher-cost ownership market relative to local incomes, which tends to reinforce reliance on multifamily housing and can support pricing power while still requiring thoughtful lease management.
Safety indicators for this neighborhood are below national averages, with ranks in the lower tier among 74 Chico metro neighborhoods. In national terms, the area sits in lower percentiles for both property and violent offenses, so underwriting should budget for security measures, lighting, and access controls as appropriate.
Recent trend data show property offense rates holding roughly flat year over year, while violent offenses have seen a modest uptick. Investors may want to monitor trajectory and coordinate with local resources to maintain resident confidence and operational performance.
Verified nearby anchor employers with distance data are not available in WDSuite for this address. Investors typically evaluate healthcare, education, and retail employment nodes in Chico for workforce housing demand and commute convenience; confirm specific employers and proximity during diligence.
This 22-unit asset benefits from a renter-heavy neighborhood, robust amenity access, and a 3-mile trade area that is expanding in both population and households — all supportive of a stable tenant base. According to CRE market data from WDSuite, neighborhood rents track in the national upper-middle range while rent-to-income dynamics point to manageable affordability pressure, aiding retention and occupancy stability when paired with disciplined renewals.
Home values in the area are elevated relative to incomes, reinforcing demand for multifamily options. Amenity density (food, cafes, groceries, parks, pharmacies) further enhances leasing appeal. Operators should factor in below-average safety readings with appropriate on-site measures, but the broader fundamentals argue for steady performance with thoughtful asset management.
- Renter-occupied concentration indicates depth of tenant demand and supports leasing velocity
- Amenity-rich location (top-quartile access) enhances day-to-day livability and retention
- 3-mile trade area shows growth in population and households, expanding the renter pool
- Elevated ownership costs sustain reliance on rentals, aiding pricing power with careful lease management
- Risk: Safety ranks below metro and national averages — plan for security and operational controls