| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 530 N Midway Dr, Escondido, CA, 92027, US |
| Region / Metro | Escondido |
| Year of Construction | 2000 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
530 N Midway Dr Escondido Multifamily Investment
This 93-unit property built in 2000 operates in a neighborhood with 67.6% renter occupancy and strong multifamily property research fundamentals, according to CRE market data from WDSuite.
This 530 N Midway Dr property sits in an Urban Core neighborhood that ranks competitively among 621 metro neighborhoods for rental demand fundamentals. The area maintains 67.6% renter-occupied housing units, ranking in the 96th percentile nationally, which reinforces sustained demand for multifamily housing. Neighborhood-level occupancy averages 94.4%, providing a stable foundation for lease management and renewal planning.
Demographics within a 3-mile radius show a population of approximately 102,500 residents with median household income of $78,000. Forecasted growth indicates household formation will increase 30% over the next five years, expanding the renter pool and supporting occupancy stability. The area's median contract rent of $1,849 reflects strong pricing power, though investors should monitor rent-to-income dynamics for lease retention considerations.
The neighborhood offers above-average amenity density with 9.11 grocery stores per square mile (99th percentile nationally) and strong restaurant access at 18.22 establishments per square mile (96th percentile nationally). This concentration supports tenant appeal and retention. However, childcare availability ranks highly while parks and pharmacy access remain limited, creating mixed convenience factors for residents.
Built in 2000, this property aligns with the neighborhood's average construction vintage of 1980, positioning it as relatively newer stock that should require less immediate capital expenditure compared to older multifamily assets in the area. Home values averaging $321,000 with recent appreciation sustain rental demand by limiting ownership accessibility for many households, reinforcing reliance on multifamily housing options.
Safety metrics show mixed trends that warrant investor attention for tenant retention planning. Property crime rates in the neighborhood rank 146th among 621 metro neighborhoods, indicating above-average security conditions. However, violent crime rates place the area in the 14th percentile nationally, suggesting elevated risk levels compared to other markets.
Recent trends show property crime declining 13.8% year-over-year, while violent crime increased 9.7%, creating divergent safety patterns. These conditions may influence tenant demographics and turnover rates, requiring careful lease management and potentially affecting renewal premiums or concession strategies.
The broader San Diego employment corridor provides diverse corporate anchors within commuting distance, supporting workforce housing demand for the property's tenant base.
- Sysco — food service distribution (14.0 miles)
- Gilead Sciences — biotechnology (14.8 miles)
- Nrg Energy — energy services (15.3 miles)
- Qualcomm — technology & telecommunications (18.3 miles) — HQ
- Celgene Corporation — pharmaceutical (19.9 miles)
This 93-unit Escondido property capitalizes on strong rental demand fundamentals in a neighborhood where 67.6% of housing units are renter-occupied, ranking in the 96th percentile nationally. Built in 2000, the asset offers newer vintage advantages with reduced near-term capital expenditure needs compared to the area's average 1980 construction year. Demographic projections show household growth of 30% over five years within a 3-mile radius, expanding the potential tenant base and supporting occupancy stability.
According to commercial real estate analysis from WDSuite, the neighborhood maintains 94.4% occupancy rates while home values averaging $321,000 sustain rental demand by limiting ownership accessibility. The area's NOI per unit average of $10,101 ranks in the 80th percentile nationally, indicating strong income-generating potential. However, investors should monitor rent-to-income ratios and mixed safety trends that may influence tenant retention and lease management strategies.
- High renter concentration (96th percentile nationally) supports sustained multifamily demand
- 2000 vintage provides competitive positioning with lower capital expenditure risk
- Projected 30% household growth expands tenant base over five-year horizon
- Above-average NOI performance (80th percentile) indicates strong income potential
- Risk factors include mixed safety trends and rent-to-income pressure requiring active management