| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 19th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 381 W Barbour St, Banning, CA, 92220, US |
| Region / Metro | Banning |
| Year of Construction | 1987 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
381 W Barbour St Banning CA Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s, suggesting steady renter demand relative to the metro, according to WDSuite’s CRE market data. With a 48-unit footprint, this 1987 asset offers scale for operational efficiency in a workforce-oriented Inland Empire location.
Located in Banning within the Riverside–San Bernardino–Ontario metro, the neighborhood carries a D rating and ranks 928 out of 997 metro neighborhoods, indicating more value-driven positioning relative to the region. Neighborhood occupancy is competitive nationally (around the 80th percentile), which can support cash flow stability even as the submarket remains price-sensitive.
The area skews toward an owner-occupied landscape, with a renter-occupied share near two-fifths of housing units in the neighborhood. For multifamily investors, this translates to a measurable but not saturated renter pool, where well-managed properties can capture demand from households seeking comparatively accessible rental options versus ownership. Median contract rents and rent-to-income ratios suggest manageable affordability pressure, informing lease management and renewal strategies rather than aggressive near-term pricing assumptions.
Within a 3-mile radius, demographics show a modest increase in households alongside smaller average household sizes over recent years. Looking ahead, projections indicate households may continue to rise even if population growth softens, implying a gradual renter pool expansion driven by shifting household composition. For underwriting, this points to steady leasing velocity for appropriately positioned product.
Local amenities in the immediate neighborhood are limited by national comparison, so residents typically rely on broader Inland Empire retail and services. For investors, that reinforces the importance of on-site functionality, reliable operations, and unit-level livability to sustain occupancy and retention.
Safety indicators benchmark favorably versus national norms: the neighborhood sits in the top third to top quartile nationally on several measures. Recent year-over-year declines in both violent and property offenses further support a constructive trendline. While safety varies by block and over time, these comparative signals suggest conditions that can support leasing stability relative to many U.S. neighborhoods.
At the metro level, neighborhood rankings should be interpreted as comparative within the 997-neighborhood Riverside–San Bernardino–Ontario region rather than as block-level guarantees. Investors should pair these directional trends with standard diligence, but the national percentile readings indicate competitive positioning on safety metrics.
Regional employment is diversified across logistics, energy infrastructure, and consumer goods manufacturing, supporting a broad renter base and commute-oriented stability for workforce housing. Nearby anchors include General Mills, Kinder Morgan, and Waste Management.
- General Mills — consumer goods manufacturing (21.1 miles)
- Kinder Morgan — energy infrastructure (29.7 miles)
- Waste Management — environmental services (32.3 miles)
Built in 1987, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older inventory while still presenting potential to modernize systems and interiors for value-add upside. Neighborhood occupancy trends are strong versus national benchmarks, and the renter-occupied share indicates a defined, sustainable tenant base rather than an oversupplied rental corridor. Within a 3-mile radius, households have increased and are projected to expand further as average household sizes trend lower, which can support tenant demand and lease-up consistency.
Ownership costs in the area remain elevated relative to incomes by national comparison, reinforcing reliance on rental housing and aiding retention. According to CRE market data from WDSuite, rents track at levels that support steady absorption without overextending affordability, positioning well-operated assets to compete on livability and management quality rather than concessions.
- 1987 vintage offers competitive positioning vs. older stock with clear renovation and systems-upgrade pathways
- Neighborhood occupancy trends near top-quartile nationally support stable cash flow potential
- 3-mile household growth and smaller household sizes point to renter pool expansion and steady leasing
- Elevated ownership costs relative to incomes bolster renter reliance and retention prospects
- Risks: amenity-light neighborhood and soft population trajectory require careful unit positioning and expense control