| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 24th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1079 E Springfield Ave, Reedley, CA, 93654, US |
| Region / Metro | Reedley |
| Year of Construction | 2012 |
| Units | 52 |
| Transaction Date | 2003-05-23 |
| Transaction Price | $130,000 |
| Buyer | SIERRA VIEW HOMES |
| Seller | ZIELKE FLOYD |
1079 E Springfield Ave Reedley Multifamily Investment
Neighborhood fundamentals point to stable renter demand and above-median occupancy for the area, according to WDSuite’s CRE market data. With a renter-occupied share near half of local housing units, the tenant base is deep enough to support steady leasing performance.
Situated in Reedley’s inner-suburb fabric of the Fresno metro, the area around 1079 E Springfield Ave balances everyday conveniences with community amenities. Grocery, pharmacy, parks, and café density track above national mid-range levels, helping sustain day-to-day livability that supports retention and leasing. Neighborhood schools average roughly mid-to-strong performance (top-quartile nationally by rating), which can add stability for family renters evaluating longer stays.
Rents in the neighborhood benchmark around the national midpoint while occupancy trends sit above the metro median, indicating demand depth without overheated pricing risk. The neighborhood’s renter-occupied share of housing units is just under half, which signals a meaningful tenant pool for multifamily assets and supports ongoing absorption.
Within a 3-mile radius, recent data shows modest population slippage historically but a projected rebound with both population and household growth over the next five years. Forecasts point to more households even as average household size edges lower, implying a larger renter pool and added demand for professionally managed units. These shifts, paired with rising median incomes in the 3-mile trade area, can underpin occupancy stability and measured pricing power.
Ownership costs benchmark on the higher side relative to incomes (high value-to-income nationally), which tends to reinforce reliance on rental housing and can extend tenant duration. For investors, this context suggests steady leasing prospects with a focus on managing rent-to-income ratios to balance renewal health with achievable growth, based on CRE market data from WDSuite.
Safety indicators are mixed but improving in several categories. The neighborhood’s overall crime position is competitive among Fresno neighborhoods (ranked 48 out of 246), and it performs above the national average by percentile. Property offenses are currently in a strong national position (top percentiles) and have declined sharply year over year, which supports resident retention narratives.
At the same time, violent-offense metrics, while comparatively favorable versus many U.S. neighborhoods by national percentile, show recent year volatility. Investors should underwrite with a view to current trends rather than block-level assumptions and consider standard measures that support resident confidence and perception over the hold period.
Regional employment anchors within commuting range include manufacturing and food processing, which support workforce housing demand and can aid leasing stability for properties serving commuters.
- International Paper — manufacturing (24.9 miles)
- Con Agra Foods — food processing (36.4 miles)
Built in 2012, the property is materially newer than the neighborhood’s older housing stock. That vintage positions the asset competitively versus legacy product and may temper near-term capital needs, while still allowing for targeted modernization to capture incremental rent. Neighborhood occupancy trends sit above the metro median with rents near national mid-range, and the local renter-occupied share near half of housing units signals durable tenant depth, based on CRE market data from WDSuite.
Within a 3-mile radius, forecasts indicate population growth and a sizable increase in households alongside a slight reduction in average household size—conditions that typically expand the renter pool and support occupancy stability. The ownership market’s higher value-to-income profile tends to sustain rental demand, though lease management should account for rent-to-income affordability pressure. Crime indicators are broadly favorable by national percentile, but recent violent-offense volatility warrants ongoing monitoring. These dynamics fit a durable, income-focused thesis with measured value-add potential rather than outsized growth assumptions, according to WDSuite’s commercial real estate analysis.
- 2012 construction provides competitive positioning versus older neighborhood stock
- Above-median neighborhood occupancy and near-midrange rents support stable cash flow
- 3-mile forecasts show population and household growth, expanding the renter base
- Ownership costs relatively high to incomes, reinforcing multifamily demand and retention
- Risk: monitor violent-offense trend volatility and manage rent-to-income for retention