| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 63rd | Good |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 491 Posada Way, Chico, CA, 95973, US |
| Region / Metro | Chico |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
491 Posada Way, Chico CA Multifamily Investment
Neighborhood occupancy is competitive among Chico submarkets and renter concentration is high, supporting stable tenant demand according to WDSuite’s CRE market data. Positioned in an inner-suburb location with steady essentials access, the asset benefits from durable renter pools and balanced affordability.
Situated in an Inner Suburb of Chico, the neighborhood carries an A- rating and performs above the metro median across core housing and demographic indicators. Neighborhood occupancy is competitive among Chico neighborhoods (ranked 25 of 74) and sits in the 68th percentile nationally, signaling resilience for lease-up and renewal strategies.
Renter-occupied housing accounts for a top-quartile share within the metro (ranked 15 of 74), indicating a deep tenant base for multifamily operators. Within a 3-mile radius, households have grown by 10.5% over five years and are projected to expand substantially through 2028, supporting ongoing renter pool expansion and occupancy stability.
Daily needs are serviceable: grocery and restaurant density track around the metro median, while parks and childcare access are strengths (both in the upper national percentiles). Café and pharmacy options are more limited locally, which may modestly influence walk-to-amenity appeal but is unlikely to materially alter vehicle-based convenience for most renters.
Home values in the neighborhood are elevated versus many U.S. areas (around the 80th percentile nationally), a high-cost ownership context that tends to sustain reliance on rental housing. Median contract rents and a rent-to-income ratio near 20% point to manageable affordability pressure, aiding retention and consistent leasing, based on commercial real estate analysis from WDSuite.
Safety metrics here trend modestly below the national median, and the area sits in the lower half among 74 Chico neighborhoods by crime rank. That said, recent direction is constructive: estimated property offenses declined about 10.8% year over year and violent offenses eased roughly 6.6%, indicating improving conditions compared with the prior year.
Investors should consider property- and block-level variations when underwriting, but the current trajectory and inner-suburban setting suggest safety is improving relative to recent history while still warranting prudent management practices.
491 Posada Way benefits from a renter-driven neighborhood where occupancy is competitive among Chico neighborhoods and renter concentration is top quartile in the metro, supporting a larger tenant base and steadier renewals. Within a 3-mile radius, population and households expanded over the past five years and are projected to continue growing, reinforcing demand for rental units and supporting leasing durability. According to CRE market data from WDSuite, the local rent-to-income profile appears manageable, which can translate into lower turnover risk relative to higher-burden submarkets.
Amenity access favors daily necessities and outdoor space, even as café and pharmacy density remain lighter. Elevated ownership costs versus national norms help sustain reliance on multifamily housing, while balanced neighborhood fundamentals point to durable renter demand. Key risks include uneven safety metrics relative to national benchmarks and potential capital needs typical of vintage garden assets.
- Competitive neighborhood occupancy and top-quartile renter concentration support demand depth
- 3-mile radius growth and forecast household expansion underpin leasing stability
- Manageable rent-to-income profile aids retention and reduces pricing friction
- Essentials-focused amenities and parks bolster livability for workforce renters
- Risks: below-median safety metrics and lighter café/pharmacy mix; plan for routine capital and operating discipline