| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 30th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 96 Shasta Ct, Chowchilla, CA, 93610, US |
| Region / Metro | Chowchilla |
| Year of Construction | 2010 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
96 Shasta Court Chowchilla CA 72-Unit Multifamily Investment
This 2010-built property benefits from above-average neighborhood occupancy at 92.4% and strong rental demand with 46.4% of housing units renter-occupied, according to CRE market data from WDSuite.
Located in Chowchilla's inner suburb environment, this neighborhood ranks 6th among 58 metro neighborhoods with an A rating and demonstrates solid fundamentals for multifamily investors. The area maintains a 92.4% occupancy rate, positioning above the metro median for rental stability. With 46.4% of housing units renter-occupied, the neighborhood ranks in the top quartile nationally for rental demand depth.
Demographics within a 3-mile radius show a stable tenant base with 10,979 residents and modest population growth of 8.2% over five years. The median household income of $74,455 supports current contract rents of $981, though investors should monitor the rent-to-income dynamics as household formation continues. Looking forward, projections indicate 23.5% population growth through 2028, with median incomes expected to reach $99,464, suggesting strengthening fundamentals for rental demand.
The property's 2010 construction year positions it as newer than the neighborhood average of 1961, potentially reducing immediate capital expenditure needs while offering competitive appeal. Local amenities support tenant retention with above-average access to grocery stores and restaurants, though the area shows limited park access. The median home value of $274,165 creates a pricing dynamic that can sustain rental demand by maintaining the cost differential between ownership and renting.
The neighborhood demonstrates relatively favorable safety metrics for investors evaluating tenant appeal and retention. Property crime rates of 8.38 per 100,000 residents rank 5th among 58 metro neighborhoods, placing in the 92nd percentile nationally. However, property crime increased 141.7% year-over-year, which merits monitoring for potential impacts on tenant satisfaction and renewal rates.
Violent crime trends show more positive dynamics, with rates of 3.69 per 100,000 residents ranking 11th in the metro and reaching the 86th percentile nationally. Notably, violent crime decreased 59.6% year-over-year, suggesting improving conditions that could support tenant retention and leasing velocity.
The employment base includes established corporate presence that supports workforce housing demand in the broader region.
- Con Agra Foods — food processing and corporate offices (41.7 miles)
This 72-unit property built in 2010 capitalizes on Chowchilla's stable rental fundamentals, with neighborhood occupancy at 92.4% and strong rental demand evidenced by 46.4% of housing units being renter-occupied. The property's relatively recent vintage reduces near-term capital expenditure risks while positioning competitively against the neighborhood's 1961 average construction year. According to multifamily property research from WDSuite, demographic projections show 23.5% population growth through 2028 with median incomes rising to $99,464, supporting rental demand expansion and potential for measured rent growth.
The investment case centers on occupancy stability in a market ranking 6th among 58 metro neighborhoods with an A rating. Current rent-to-income ratios at 0.22 provide affordability cushion for tenant retention, while the home value-to-income ratio of 5.28 maintains the cost advantage of renting versus ownership. However, investors should monitor the recent 141.7% increase in property crime rates and assess any impact on tenant satisfaction and renewal dynamics.
- Above-average neighborhood occupancy at 92.4% supports rental stability
- 2010 construction reduces immediate capital expenditure needs
- Projected 23.5% population growth through 2028 expands tenant base
- Strong rental demand with 46.4% of housing units renter-occupied
- Risk factor: Property crime increased 141.7% year-over-year requiring monitoring