| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 60th | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 S Young St, Rockport, TX, 78382, US |
| Region / Metro | Rockport |
| Year of Construction | 1980 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
725 S Young St, Rockport TX — 40-Unit Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by smaller household sizes and a high-cost ownership market, according to WDSuite’s CRE market data.
The property sits in a suburban Rockport neighborhood rated A and positioned above the metro median overall (rank 2 of 9). Amenities are mixed: grocery and parks access are competitive among Rockport neighborhoods, while cafes and pharmacies are thinner. For investors, this supports day-to-day convenience for residents but suggests targeted marketing to lifestyle renters rather than heavy foot-traffic retail adjacencies.
Renter demand signals are balanced. The share of housing units that are renter-occupied sits near national mid-range, indicating a meaningful tenant base without overreliance on rentals. Neighborhood occupancy trends lag broader U.S. norms, so asset-level leasing strategy and property management discipline will matter more to stabilize performance.
Within a 3-mile radius, households have grown despite a smaller population base, as average household size has contracted. Looking ahead to 2028, projections call for notable population and household growth with continued smaller household sizes, which expands the renter pool and supports occupancy stability over time.
Home values in the neighborhood are elevated relative to incomes by national standards, creating a high-cost ownership market that tends to sustain renter reliance on multifamily housing. Median contract rents remain manageable versus incomes, which can aid lease retention and reduce affordability pressure. These dynamics collectively indicate a market where pricing power may be earned through quality operations rather than aggressive rent pushes, aligning with disciplined multifamily property research.
Safety indicators present a mixed but readable profile. Compared with neighborhoods nationwide, this area performs in the safer tiers overall — including strong standing on violent-offense measures — yet within the Rockport metro it ranks closer to higher-crime segments (rank 2 of 9). Recent trends show improving violent-offense rates but a short-term uptick in property offenses, warranting routine security practices and resident communication.
For CRE investors, the takeaway is to underwrite to current local norms, monitor property-crime trends, and emphasize on-site lighting, access controls, and partnerships with local public safety to support retention and reputational stability.
This 40-unit Rockport asset benefits from a growing tenant base and a high-cost ownership environment that supports rental demand. Household formation within a 3-mile radius is projected to expand meaningfully by 2028 as average household size declines, pointing to more one- and two-person renters and supportive leasing depth. At the neighborhood level, occupancy sits below national norms, so performance will hinge on focused operations, durable tenant retention, and measured rent setting. According to commercial real estate analysis from WDSuite, home values outpace local incomes, reinforcing renter reliance while rent-to-income levels remain manageable — favorable for sustaining occupancy without overextending rent growth assumptions.
Operationally, amenities are adequate for daily needs, with stronger access to groceries and parks and fewer lifestyle conveniences like cafes and pharmacies. Investors should plan for thoughtful asset management to capture demand, balance pricing with retention, and mitigate property-crime volatility through standard security measures.
- High-cost ownership market supports ongoing renter demand and lease retention
- Projected 3-mile household growth and smaller household sizes expand the renter pool by 2028
- Manageable rent-to-income dynamics enable disciplined pricing without overreliance on rent growth
- Amenity mix favors daily needs (groceries, parks), supporting resident convenience
- Risks: below-national neighborhood occupancy and recent property-crime uptick require firm operations and security focus