| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 62nd | Best |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 745 N Fowler Ave, Clovis, CA, 93611, US |
| Region / Metro | Clovis |
| Year of Construction | 2005 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
745 N Fowler Ave Clovis Multifamily Investment
This 104-unit property built in 2005 sits in a neighborhood with 99% occupancy rates and top-quartile safety rankings, according to CRE market data from WDSuite.
Located in Clovis, this property operates within a neighborhood ranking 12th among 246 metro neighborhoods overall, with an A rating based on strong fundamentals. The area demonstrates exceptional occupancy stability at 99%, ranking in the 94th percentile nationally and reflecting sustained rental demand. With 43% of housing units renter-occupied, the neighborhood maintains a solid rental base supporting multifamily operations.
The property's 2005 construction year aligns with the neighborhood average of 2003, positioning it among newer building stock that ranks in the 89th percentile nationally. This vintage suggests reduced near-term capital expenditure needs while maintaining competitive positioning against older inventory. Median contract rents of $1,712 rank 21st among metro neighborhoods, indicating strong pricing power in the 85th percentile nationally.
Demographics within a 3-mile radius show a population of nearly 74,000 with household income growth of 40% over five years, reaching a median of $111,624. Forecasted data suggests continued household formation, with renter-occupied units projected to increase by nearly 50% through 2028, expanding the potential tenant base. The area maintains excellent school ratings averaging 4.0 out of 5, ranking 8th metro-wide and supporting family-oriented rental demand.
Home values averaging $511,896 with 57% appreciation over five years create elevated ownership costs that reinforce rental demand and sustain renter reliance on multifamily housing. The rent-to-income ratio of 20% suggests manageable affordability for tenants while supporting lease retention and renewal rates.
The neighborhood demonstrates exceptional safety metrics, ranking 3rd among 246 metro neighborhoods for overall crime and achieving the 92nd percentile nationally. Violent crime rates of 1.8 per 100,000 residents rank 2nd metro-wide and 93rd percentile nationally, indicating highly secure conditions. Property crime rates of 15.4 per 100,000 residents also rank favorably at 32nd among metro neighborhoods and 86th percentile nationally.
Recent trends show substantial improvement, with property crime declining 74% and violent crime decreasing 65% year-over-year. These positive safety trends, combined with consistently low baseline crime rates, support tenant retention and can contribute to stable occupancy and renewal rates for multifamily properties in the area.
The employment base includes established corporate operations that provide workforce housing demand for the area's rental market.
- Con Agra Foods — corporate offices (31.3 miles)
This 104-unit property built in 2005 benefits from neighborhood-level occupancy of 99% and top-quartile safety rankings that support tenant retention and stable cash flows. The area's strong fundamentals include median household incomes of $103,259 with 8% growth over five years, while demographics within a 3-mile radius show projected household growth that should expand the renter pool through 2028. Home values averaging $511,896 with substantial appreciation reinforce rental demand by maintaining elevated ownership costs relative to rental options.
The property's 2005 vintage aligns with neighborhood averages and positions it among newer building stock, suggesting reduced near-term capital expenditure needs while maintaining competitive positioning. According to multifamily property research from WDSuite, the combination of exceptional occupancy rates, strong safety metrics, and growing household formation creates favorable conditions for sustained rental demand in this Clovis location.
- Neighborhood occupancy of 99% ranks in 94th percentile nationally, indicating strong rental demand
- Safety metrics rank top-quartile metro-wide with declining crime trends supporting tenant retention
- 2005 construction reduces near-term capital expenditure needs while maintaining competitive positioning
- Projected 50% increase in renter-occupied units through 2028 should expand tenant base
- Risk consideration: Limited employer diversity with nearest major corporate office 31 miles away may impact tenant diversity