| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 51st | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 220 Berry Ct, Morgan Hill, CA, 95037, US |
| Region / Metro | Morgan Hill |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
220 Berry Ct Morgan Hill Multifamily Investment
Neighborhood occupancy trends near 220 Berry Ct have remained firm, and elevated ownership costs in Morgan Hill continue to support renter demand, according to CRE market data from WDSuite. For investors, the combination suggests durable leasing fundamentals relative to the broader South Bay.
Positioned in Morgan Hill within the San Jose–Sunnyvale–Santa Clara metro, the neighborhood scores a B+ and ranks 106 out of 344 metro neighborhoods, which is competitive among San Jose–Sunnyvale–Santa Clara neighborhoods. Restaurant density is in the top quartile nationally, and parks and everyday amenities test well above national averages, indicating daily-life convenience that can aid retention.
The area’s renter-occupied share within the neighborhood is substantial, supporting a deep tenant base for a 24‑unit asset. Neighborhood occupancy is 95.5% (neighborhood metric, not property‑specific), a level that historically supports stable rent rolls and moderate turnover risk based on CRE market data from WDSuite.
Within a 3‑mile radius, demographics show recent population growth alongside a modest increase in households, expanding the near-term renter pool. Forward-looking estimates indicate households continuing to rise even as total population edges lower, implying slightly smaller household sizes and sustained demand for well-managed multifamily units.
Home values in the neighborhood sit at the higher end for the region, and median contract rents have grown meaningfully in recent years. In a high-cost ownership market, this tends to reinforce apartment demand and supports pricing power when paired with prudent lease management. Average school ratings sit below national medians, which can introduce select leasing frictions for family renters, but strong amenity access and commuter connectivity in the South Bay help balance the appeal.
Vintage and asset positioning: Built in 1976, the asset is older than the neighborhood’s average construction year. For investors, that typically points to capital planning needs but also potential value‑add upside through targeted renovations and system upgrades to compete against newer stock.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location. Investors typically benchmark Morgan Hill against city and metro trends and review multi-year patterns rather than single-period readings to understand risk and insurance implications.
As with any acquisition, underwriting can incorporate local law enforcement reports and third-party datasets to assess trend direction and how it compares with the broader San Jose–Sunnyvale–Santa Clara metro.
The leasing base is supported by proximity to major South Bay employers, providing commute access for tech, payments, and enterprise software roles that can bolster renter demand and retention.
- IBM Silicon Valley Lab — enterprise technology (6.5 miles)
- Ebay — e-commerce/payments (18.5 miles) — HQ
- Adobe Systems — software (18.8 miles)
- Netflix — streaming/media (18.8 miles) — HQ
- Paypal Holdings — payments (22.2 miles) — HQ
220 Berry Ct offers exposure to a high-cost ownership submarket where renter demand is reinforced by elevated home values and a meaningful neighborhood renter-occupied share. Neighborhood occupancy stands at 95.5% (neighborhood metric), supporting the case for stable collections and measured rent growth with active lease management. Built in 1976, the property may benefit from targeted upgrades that can drive competitive differentiation against newer inventory.
According to CRE market data from WDSuite, amenity access, strong restaurant density, and above-median neighborhood standing within the San Jose–Sunnyvale–Santa Clara metro underpin livability factors that matter for leasing velocity. Three‑mile demographics indicate recent population gains and a continuing increase in households, suggesting a larger tenant base even as average household size trends modestly lower.
- High-cost ownership market supports sustained apartment demand and pricing power
- Neighborhood occupancy at 95.5% supports rent roll stability (neighborhood statistic)
- 1976 vintage presents value‑add potential via renovations and system upgrades
- Three‑mile household growth points to a deepening tenant base and retention upside
- Risks: older asset CapEx, below‑median school ratings, and potential demographic shifts