| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16510 W Palmer Ave, Huron, CA, 93234, US |
| Region / Metro | Huron |
| Year of Construction | 1993 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16510 W Palmer Ave Huron Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and stable occupancy, according to WDSuite’s CRE market data. The asset’s 1993 vintage positions it competitively versus older local stock while leaving room for selective modernization.
Located in Huron within the Fresno, CA metro, the property sits in a workforce-oriented neighborhood where renter households are prevalent. Neighborhood renter-occupied share is 73.3%, indicating a deep tenant base for multifamily operators, and the neighborhood occupancy rate of 94.1% trends in the 65th percentile nationally based on CRE market data from WDSuite. Within a 3-mile radius, population has expanded in recent years and households are projected to continue growing, supporting occupancy stability.
Livability is utilitarian rather than amenity-driven: local counts of cafes, parks, and childcare centers are limited, and grocery and restaurant density trails metro norms. For investors, this typically aligns with essential-service demand and value-focused leasing rather than lifestyle premiums. Median contract rents in the neighborhood remain modest and the rent-to-income ratio near 0.26 suggests manageable affordability pressure, which can aid resident retention with disciplined lease management.
Relative to Fresno metro peers (246 neighborhoods), this location ranks near the bottom on broad neighborhood composites, so performance relies more on renter concentration and pricing than on amenity adjacency. Demographic statistics within a 3-mile radius point to a younger-skewed population and larger average household sizes, which can translate into steady leasing velocity for practical unit mixes.
The property’s 1993 construction is newer than the neighborhood’s average vintage (1976). This typically provides a competitive edge on building systems and layouts versus older stock, while still warranting selective capital planning for modernization and energy efficiency—useful levers in value-add strategies informed by multifamily property research.
Comparable neighborhood crime data was not available in the dataset provided. Investors commonly compare neighborhood trends to Fresno metro and national baselines as part of diligence, including daypart observations and recent comps. Given the absence of ranked or percentile safety metrics here, on-the-ground verification and third-party sources are prudent to contextualize risk and insurance assumptions.
The employment base is primarily regional, with proximity to food processing and related corporate offices supporting workforce housing dynamics and commute convenience for residents. The list below reflects nearby employer presence relevant to tenant demand.
- Con Agra Foods — food processing corporate offices (21.7 miles)
This 54-unit, 1993-vintage property serves a renter-heavy submarket where neighborhood occupancy trends remain solid and rents are positioned for value-focused demand. The asset is newer than much of the surrounding stock, offering a practical platform for selective renovations to drive rent and retention while maintaining affordability discipline. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share and above-average national occupancy percentile indicate depth in the tenant base, which can support consistent leasing.
Forward-looking demographics within a 3-mile radius point to continued population and household expansion, suggesting a larger tenant pool over time. While amenity density is limited locally, the pricing posture and workforce orientation can sustain demand, provided operators underwrite for measured rent growth and targeted capital improvements.
- Renter-heavy neighborhood and solid occupancy support leasing stability
- 1993 vintage offers competitive positioning versus older area stock with value-add potential
- 3-mile demographics indicate expanding tenant pool supporting demand durability
- Value-focused rent levels and manageable rent-to-income dynamics aid retention
- Risks: limited local amenities and reliance on regional employment require careful underwriting