| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 63rd | Good |
| Amenities | 17th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 191 Astaire Ln, Spring Hill, FL, 34609, US |
| Region / Metro | Spring Hill |
| Year of Construction | 2010 |
| Units | 118 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
191 Astaire Ln Spring Hill Multifamily Investment
Owner-tilted neighborhood with expanding household counts suggests a stable renter base over time, according to WDSuite’s CRE market data.
Spring Hill is a suburban setting within the Tampa–St. Petersburg–Clearwater metro, offering drive-oriented access to retail and services but limited walkable amenities relative to national norms. Amenity density sits in the lower national percentiles, indicating residents rely on regional corridors for cafes, parks, and daily needs.
Neighborhood rent levels benchmark above many U.S. areas (contract rents are in a higher national percentile), yet rent-to-income trends remain comparatively moderate, reinforcing retention potential rather than acute affordability pressure. Neighborhood occupancy, measured for the neighborhood and not the property, trails national norms, which can introduce some lease-up and renewal risk but also points to available demand capture for well-managed assets.
Tenure skews owner-heavy, with a relatively low share of renter-occupied housing units. For investors, this implies a shallower but potentially stable renter pool where quality product can differentiate. Within a 3-mile radius, population and household counts have grown and are projected to continue rising, supporting a larger tenant base and steady leasing fundamentals over the medium term.
Vintage positioning matters: the property’s 2010 construction is newer than the neighborhood average build year (2000 across the metro ranking set of 710 neighborhoods), providing competitive appeal versus older stock while still warranting periodic system updates and common-area refreshes as part of capital planning.
Neighborhood safety benchmarks favorably in national comparisons. Violent-offense estimates place the area in the upper percentiles nationally (around the 97th percentile, indicating comparatively safer conditions), and property-offense estimates also rank high in national safety percentiles. One-year trend data indicates a notable decline in estimated violent incidents, reinforcing a strengthening safety profile versus many U.S. neighborhoods.
These metrics are neighborhood-level indicators and can support renter retention and leasing stability, but investors should still underwrite property-specific security measures and monitor submarket trends across the Tampa–St. Petersburg–Clearwater region.
Proximity to major Tampa Bay employers supports workforce housing dynamics and commute convenience. Key nearby corporate offices include MetLife Insurance Company, Raymond James, Wellcare, Wellcare Health Plans, and Tech Data.
- MetLife Insurance Company — insurance (26.4 miles)
- Raymond James — financial services (27.9 miles)
- Wellcare — healthcare plans (32.2 miles)
- Wellcare Health Plans — healthcare plans (32.2 miles) — HQ
- Tech Data — technology distribution (42.1 miles) — HQ
The 118-unit asset at 191 Astaire Ln benefits from a suburban Spring Hill location drawing from Tampa Bay’s employment base and a growing 3-mile household pool. Based on CRE market data from WDSuite, neighborhood rents benchmark above many U.S. areas while rent-to-income levels remain comparatively moderate, a mix that can aid renewal rates and pricing discipline. The area’s owner-tilted tenure limits direct multifamily competition and creates room for well-amenitized product to capture demand.
Constructed in 2010, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older alternatives while still warranting routine system updates and targeted common-area enhancements over the hold. Neighborhood-level occupancy trends are below national norms, so active leasing, amenity positioning, and targeted marketing will matter; however, expanding households within 3 miles point to a widening renter base that can support steady absorption.
- Newer 2010 vintage enhances competitive positioning versus older neighborhood stock.
- Above-average neighborhood rent benchmarks with comparatively moderate rent-to-income trends support retention.
- 3-mile population and household growth expands the tenant base and underpins leasing stability.
- Access to regional employers (insurance, finance, healthcare, tech) supports workforce demand.
- Risk: neighborhood occupancy lags national norms, requiring focused leasing and asset management.