| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 14th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1313 S Medina St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 2002 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1313 S Medina St Lockhart 20-Unit Multifamily
Neighborhood occupancy sits above national medians and renter demand is supported by a meaningful renter-occupied housing base, according to WDSuite’s CRE market data, positioning this Lockhart asset for steady lease-up relative to comparable suburbs.
Lockhart’s inner-suburb setting offers everyday convenience with a modest amenity mix: restaurant density trends above national averages while groceries and pharmacies are available at levels near the middle of the national pack. Parks, cafes, and dedicated childcare options are thinner locally, which may temper walkable lifestyle appeal but typically does not impede demand for workforce-oriented rentals.
The neighborhood’s overall rating sits in the lower tier of the Austin-Round Rock-Georgetown metro (ranked 475 among 527 neighborhoods), signaling competitive pressure versus stronger Austin submarkets. Even so, the local rental market shows resilience: neighborhood occupancy is about 93% and lands above the national median, a positive indicator for baseline leasing stability. Median contract rents have risen meaningfully over the past five years, suggesting landlords have retained some pricing power despite broader market softening cycles.
Construction patterns skew relatively recent for the area, and the subject’s 2002 vintage is slightly newer than the neighborhood average. That positioning can reduce near-term capital exposure versus older stock while still leaving room for targeted modernization to support rent competitiveness against newer deliveries in the metro.
Tenure data indicates a renter concentration in the high-30% range of housing units, which helps sustain a stable multifamily tenant base without overreliance on transient demand. Within a 3-mile radius, demographics point to population and household growth over the last five years, with households expanding faster than population, which broadens the local renter pool and supports occupancy stability. Looking ahead, forecasts call for continued household expansion by 2028, reinforcing demand durability; at the same time, an ownership-leaning landscape and accessible home values for the region can introduce competition with entry-level ownership, suggesting more moderate long-run pricing power relative to high-cost urban cores. These dynamics, based on CRE market data from WDSuite, align with a pragmatic value-focused strategy rather than a pure rent-growth play.
Safety trends are mixed when viewed against the Austin-Round Rock-Georgetown metro. The neighborhood’s crime rank places it below the metro median for safety (ranked 126 among 527 metro neighborhoods), indicating investors should underwrite prudent property management and security measures. Recent data shows year-over-year improvement in property offense rates, while a sharp uptick in violent incidents over the same period warrants continued monitoring. Compared with neighborhoods nationwide, conditions are roughly middle-of-the-pack overall, and operators commonly focus on lighting, access control, and resident engagement to support retention and minimize disruption.
Major employment nodes within commuting distance include State Farm Insurance, Oracle Waterfront, Whole Foods Market, New York Life, and Airgas — a mix that supports renter demand through diverse professional and operations roles across insurance, technology, retail HQ functions, financial services, and industrial gases.
- State Farm Insurance — insurance offices (25.9 miles)
- Oracle Waterfront — technology offices (26.1 miles)
- Whole Foods Market — retail corporate (28.2 miles) — HQ
- New York Life — financial services (34.4 miles)
- Airgas — industrial gases (35.3 miles)
1313 S Medina St combines a 2002 vintage with a renter base supported by above-median neighborhood occupancy and steady household growth within a 3-mile radius. The asset’s slightly newer construction relative to local stock can moderate near-term capital needs while targeted updates may capture incremental rent lifts as nearby comparables age. According to CRE market data from WDSuite, the submarket’s rent trajectory has advanced over the past five years and occupancy remains competitive nationally, suggesting a foundation for stable cash flows rather than outsized volatility.
Balanced context is important: an ownership-leaning landscape and accessible home values may cap aggressive pricing power, and safety indicators require attentive operations. Still, diversified regional employers within commuting distance and a growing local household base point to durable tenant demand and manageable retention risk under disciplined management.
- 2002 vintage offers relative competitiveness vs. older local stock with scope for targeted value-add.
- Above-median neighborhood occupancy and recent rent gains support baseline income stability.
- Household growth within 3 miles expands the tenant base and supports leasing velocity.
- Diverse regional employers within commuting range aid demand and retention.
- Risks: competitive pressure from ownership options and mixed safety trends call for disciplined operations and underwriting.