| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 50th | Good |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 33 Homestretch Ln, Crawfordville, FL, 32327, US |
| Region / Metro | Crawfordville |
| Year of Construction | 2006 |
| Units | 96 |
| Transaction Date | 2011-08-01 |
| Transaction Price | $2,380,000 |
| Buyer | Homestretch Realty, LLC |
| Seller | PBE Companies LLC |
33 Homestretch Ln Crawfordville Multifamily Opportunity
Neighborhood occupancy trends are solid and renter demand is supported by steady household growth, according to WDSuite’s CRE market data.
Crawfordville sits within the Tallahassee, FL metro and this rural neighborhood scores B+ overall with occupancy that ranks competitive among 143 metro neighborhoods and in the top quartile nationally for stability. Median contract rents in the area remain moderate, which supports lease retention while leaving some room for disciplined revenue management.
Local amenities are serviceable for a low-density area: grocery and pharmacy access ranks competitive among Tallahassee neighborhoods (with national percentiles around the 60–67 range), while restaurants are close to metro median levels and cafes and childcare options are sparse. Average school ratings trail metro peers, a factor investors should consider for tenant mix and retention expectations.
Tenure data shows a lower renter-occupied share relative to owners, implying a shallower but more stable renter pool and positioning multifamily as a preferred option for households that value convenience or cannot access ownership immediately. Home values sit in a mid-range for the region; in practice, this means ownership is attainable for some households, creating potential competition with entry-level ownership, but it also reinforces steady renter reliance on apartments for flexibility and price certainty.
Demographic statistics aggregated within a 3-mile radius indicate population growth of roughly 20% over the last five years, with households up by approximately a similar rate and a balanced age mix. Looking ahead, projections point to continued population expansion and a notable increase in household count alongside smaller average household sizes — dynamics that typically expand the renter base and help support occupancy stability. These trends, combined with balanced rents and a competitive position within the metro, frame a straightforward multifamily property research narrative for investors evaluating this submarket.
Comparable crime metrics at the neighborhood level are not available in WDSuite’s dataset for this location. Investors should review city and county trend sources and property-level history to complement regional context and lease management assumptions.
This neighborhood draws from the broader Tallahassee-area employment base, providing commute access to a mix of public-sector and private services that underpin renter demand. Specific nearby anchor employers with verified distances were not available in WDSuite’s records for this address.
Built in 2006, this 96-unit asset offers relatively newer-vintage positioning against an area where the average construction year skews older. That vintage can support competitive leasing versus older stock, while investors should still underwrite routine capital planning for mid-life systems and targeted modernization. Neighborhood occupancy trends remain strong and above metro medians, supporting steady cash flow potential as the tenant base grows.
Demographic data aggregated within a 3-mile radius shows meaningful population growth and an expanding household count, which typically translates into a larger tenant base and supports occupancy stability. According to CRE market data from WDSuite, local rents remain moderate relative to incomes, suggesting manageable affordability pressure and potential for measured pricing power; however, returns may rely more on operational execution than outsized market growth.
- 2006 vintage provides a competitive edge versus older area stock, with manageable mid-life capex planning.
- Occupancy trends are strong and above metro medians, supporting income stability.
- 3-mile radius shows population and household growth, expanding the renter pool.
- Moderate rents relative to incomes support retention with room for disciplined pricing.
- Risk: ownership is attainable for some households, creating competition with entry-level ownership and moderating rent growth expectations.