| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 41st | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 113 Hooper St, Wheatland, CA, 95692, US |
| Region / Metro | Wheatland |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
113 Hooper St, Wheatland CA — Suburban Multifamily with Stable Renter Demand
Neighborhood occupancy is currently at the top of the Yuba City metro, supporting steady leasing conditions, according to CRE market data from WDSuite. This is a neighborhood indicator and suggests durable demand drivers for a 24-unit asset in a smaller suburban setting.
The Wheatland neighborhood carries a B+ rating and ranks 17th among 56 metro neighborhoods, placing it above the metro median. For investors, that positioning signals comparatively sound fundamentals in a lower-density suburban context where occupancy conditions are strong and rents sit near the metro middle with multi‑year growth.
Local amenity access is modest, with limited parks, pharmacies, and cafes within immediate reach, while restaurants and basic services are present but not dense. Average school ratings in the neighborhood are below the national midline, which may temper some family-driven appeal; however, day-to-day needs are serviceable and commute patterns are the more practical draw for renters.
Tenure data indicates the neighborhood has a meaningful renter-occupied share, supporting a stable tenant base for small and mid-sized multifamily. Within a 3-mile radius, recent years show slight population growth alongside an increase in households and a gradual reduction in average household size—factors that typically broaden the renter pool and support occupancy stability. Forward-looking estimates continue to point to more households and smaller household sizes, which can sustain multifamily demand even if population is roughly flat.
Home values are elevated versus many U.S. neighborhoods, and the value-to-income relationship is on the higher side locally. In practice, a high-cost ownership market tends to reinforce renter reliance on multifamily housing, aiding lease retention and pricing power when units are well maintained. The property’s 1990 vintage is older than the neighborhood’s average stock, creating potential for targeted renovations and value‑add strategies to enhance competitiveness versus 2000s-era product.
Safety indicators are mixed when viewed comparatively. The neighborhood’s overall crime position is better than many areas nationally, and property-related incidents have been trending down over the last year, which is supportive for renter retention.
At the same time, recent year-over-year movement in violent incident measures has worsened from a low base, which warrants ongoing monitoring. Relative to the Yuba City metro (56 neighborhoods), the area tracks better than average on several safety benchmarks but remains a place where prudent property management practices—lighting, access control, and resident engagement—are advisable to sustain leasing stability.
Regional employment anchors within commuting range support renter demand through a mix of healthcare distribution, technology, and industrial employers. The following nearby organizations shape the workforce draw that residents may commute to regularly.
- Cardinal Health — healthcare distribution (28.8 miles)
- Intel Folsom FM5 — technology/design (29.1 miles)
- Xerox State Healthcare — healthcare services (30.0 miles)
- International Paper — packaging & paper (31.3 miles)
- DISH Network Distribution Center — logistics (33.4 miles)
113 Hooper St offers a 24-unit footprint in a suburban neighborhood that ranks above the metro median and demonstrates top-tier occupancy at the neighborhood level. Elevated ownership costs in the area help sustain reliance on rentals, while neighborhood rents sit near the metro middle, supporting lease-up and retention when units are positioned correctly. According to CRE market data from WDSuite, neighborhood occupancy trends are among the strongest in the metro, reinforcing the case for durable cash flow when paired with disciplined operations.
The 1990 construction is older than the neighborhood’s average vintage, creating a straightforward path for value-add through interior updates and systems modernization to compete effectively with 2000s-era stock. Within a 3-mile radius, the outlook points to a larger number of households and smaller household sizes, which can expand the renter pool and support stable absorption even if population growth is muted.
- Neighborhood occupancy ranks at the top of the metro, supporting leasing stability.
- Elevated ownership costs reinforce sustained renter demand and potential pricing power.
- 1990 vintage provides value-add upside via targeted renovations and modernization.
- 3-mile trends point to more households and smaller household sizes, expanding the renter base.
- Risks: amenity depth is modest and safety indicators are mixed year-over-year; active management is key.