| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 63rd | Good |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 481 Posada Way, Chico, CA, 95973, US |
| Region / Metro | Chico |
| Year of Construction | 1977 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
481 Posada Way, Chico CA — 20-Unit Multifamily Investment
Neighborhood occupancy in the mid-90s and a renter-occupied share slightly above half indicate a durable tenant base for stabilized operations, according to WDSuite’s CRE market data.
This Inner Suburb location carries an A- neighborhood rating (ranked 15 of 74 in the Chico metro), placing it in the top quartile locally. Amenity access trends toward practical daily needs: grocery options are competitive among Chico neighborhoods, and park access ranks in the top quartile metro-wide, while cafes and pharmacies are less concentrated nearby. School quality averages around 3.0 out of 5 and sits in the top quartile among 74 metro neighborhoods, a relative strength for families considering longer stays.
Renter demand fundamentals are supportive: the neighborhood shows a renter-occupied housing share near 54% (top decile nationally), which points to depth in the tenant pool. Neighborhood occupancy is competitive among Chico neighborhoods and above the metro median, helping support leasing stability. Median contract rents in the area are also above the metro median and sit in the mid-range nationally, suggesting room for steady pricing without overreliance on outsized rent steps.
Within a 3-mile radius, demographics show population growth over the last five years and a meaningful increase in households, with projections calling for continued population and household growth that expands the renter pool. The 18–34 share is significant, and the average household size is edging lower over time—factors that can sustain demand for smaller formats and efficient layouts. Neighborhood-level rent-to-income ratios track on the lower side nationally, which can support lease retention and reduce affordability pressure for tenants.
Home values in the neighborhood are elevated by national comparison, a backdrop that can reinforce reliance on multifamily housing. Together with steady neighborhood occupancy and a sizable renter-occupied share, these dynamics position the area for consistent leasing performance, based on market data from WDSuite.
Safety indicators are mixed relative to the metro: the neighborhood ranks below the metro median for safety (47 out of 74), though recent trends are directionally favorable. Year over year, both property and violent offense rates have declined, placing the neighborhood around the middle of national peers for improvement momentum. Nationally, the neighborhood sits below average on safety percentiles, so investors should underwrite with standard operational controls while noting the recent downtrend in incident rates.
The area draws on a diversified employment base across the Chico metro, supporting commute convenience and a steady pool of renters for workforce-oriented housing.
The property’s 20-unit scale in an Inner Suburb setting benefits from a sizable renter-occupied share and neighborhood occupancy above the metro median, supporting stable leasing and retention. Within 3 miles, population and household growth, coupled with a large 18–34 cohort and gradually smaller household sizes, points to a larger tenant base and steady demand for efficient layouts. Neighborhood rent levels sit above the metro median while rent-to-income metrics are comparatively manageable, a combination that can support disciplined rent growth and renewal rates without excessive affordability pressure.
Home values are elevated by national standards, which can sustain reliance on multifamily rentals in this submarket. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally, while safety indicators remain below the metro median but are improving—warranting prudent operations and monitoring.
- Neighborhood occupancy above metro median supports leasing stability
- Strong renter-occupied housing share deepens the tenant base
- 3-mile population and household growth expand future renter demand
- Rent-to-income metrics suggest manageable affordability pressure for renewals
- Risks: safety metrics below metro median and uneven amenity mix near the asset