| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 26th | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 872 N Jaye St, Porterville, CA, 93257, US |
| Region / Metro | Porterville |
| Year of Construction | 2005 |
| Units | 20 |
| Transaction Date | 2004-06-28 |
| Transaction Price | $60,000 |
| Buyer | MCCLURE CLINTON E |
| Seller | RUSSELL JOYCELYN JEAN |
872 N Jaye St Porterville 20-Unit Multifamily
Neighborhood occupancy has trended stable with balanced renter demand, according to WDSuite’s CRE market data. Investors can underwrite steady operations with measured rent upside tied to local income growth.
Positioned in Porterville’s Inner Suburb, the neighborhood carries an A- rating and ranks 30 out of 142 in the Visalia metro—placing it in the top quartile among metro neighborhoods. That position signals solid livability and demand fundamentals that support multifamily leasing and retention.
Parks access is strong (top quartile nationally) and restaurants are above the national median, while grocery options are present but not dense. Cafés and pharmacies are sparse, so residents may rely on a broader trade area for certain errands. For investors, this mix typically supports everyday convenience without premium amenity pricing pressure.
Neighborhood median contract rents sit near the national mid-range with five-year growth that has outpaced many secondary markets. The neighborhood occupancy rate is in a healthy band, and the renter-occupied share is 41.7%—indicating a meaningful tenant base without concentration risk. Rent-to-income ratios are relatively manageable, which can aid renewal rates but may limit aggressive rent lifts.
Within a 3-mile radius, population and households have grown, and WDSuite data points to continued increases over the next five years. A rising household count and slightly smaller average household sizes imply a larger tenant base for professionally managed apartments, supporting occupancy stability and consistent leasing velocity.
Schools and vintage context: Area school ratings trend lower on average, which can moderate appeal for some family renters; however, the 2005 construction year for this asset is newer than the neighborhood’s 1975 average, positioning it competitively versus older stock while still warranting periodic system upgrades as the property ages.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically contextualize safety by reviewing city reports, property-level incident history, and nearby comps across the Visalia metro to gauge trends rather than block-level snapshots.
As with any asset, prudent underwriting incorporates insurance quotes, security measures, and management practices that align with local norms observed across peer neighborhoods in the region.
The area draws from a regional employment base with industrial and logistics roles that support workforce renter demand. Notable nearby employer:
- International Paper — paper & packaging (17.5 miles)
This 20-unit, 2005-vintage asset offers competitive positioning versus older neighborhood stock, supporting durable occupancy and moderate renovation potential. Neighborhood rents sit around the national mid-range with stable occupancy and a renter-occupied share that indicates a broad tenant base. Within a 3-mile radius, population and households are expanding, which supports ongoing renter pool expansion and leasing stability. Home values in the area reflect a higher value-to-income environment, which tends to reinforce reliance on multifamily rentals.
According to CRE market data from WDSuite, the neighborhood sits in the top quartile of Visalia metro areas by overall rating, with park access and basic amenities that support day-to-day livability. Affordability looks manageable based on rent-to-income levels, suggesting retention benefits, while lower average school ratings and limited café/pharmacy density are underwriting considerations for family-oriented demand and amenity-sensitive renters.
- 2005 vintage outcompetes older local stock, with scope for targeted upgrades
- Stable neighborhood occupancy and balanced rent levels support cash flow durability
- 3-mile population and household growth expand the tenant base and leasing depth
- Ownership costs in the area sustain renter reliance on multifamily housing
- Risks: lower school ratings and thinner café/pharmacy density may temper certain demand segments