| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 40th | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1320 Wilson St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1985 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1320 Wilson St Lockhart Workforce Multifamily Opportunity
Stabilized neighborhood occupancy and steady renter demand in Lockhart support a durable income profile, according to WDSuite’s CRE market data. Proximity to the Austin corridor positions the asset to serve workforce tenants while maintaining pragmatic lease management.
Located in Lockhart within the Austin–Round Rock–Georgetown metro, the neighborhood shows balanced livability with everyday conveniences like grocery and pharmacy access performing above many peers, and restaurant density that is competitive among Austin metro neighborhoods (out of 527). Cafes are less dense, reflecting the area’s more rural character.
The property’s 1985 vintage is newer than the local housing stock average, suggesting relative competitiveness versus older inventory. Investors should still plan for targeted modernization and systems updates typical of 1980s construction to support leasing and retention.
Within a 3-mile radius, demographics point to population growth and a larger household base over recent years, with projections indicating further renter pool expansion by 2028. Household sizes are trending smaller in the forecast, which typically supports demand for rental units and helps underpin occupancy stability.
Renter concentration is roughly one-third of housing units in the neighborhood, indicating a meaningful base of renter-occupied units that supports multifamily absorption. Home values are more accessible than major urban cores, which can introduce some competition from ownership; however, rent-to-income ratios appear manageable for many households, aiding lease retention and pricing discipline. These dynamics are consistent with investor-focused commercial real estate analysis and are corroborated by WDSuite’s data for the area.
Safety metrics indicate the neighborhood performs better than many areas nationally on property-related incidents, with comparative standing near the top tier. Overall crime conditions track above mid-national benchmarks, and violent offense measures are stronger than most neighborhoods nationwide. Recent one-year trends show some volatility in violent offense rates, so investors may wish to monitor trajectory alongside local enforcement and community initiatives.
Regional employment access is tied to the Austin corridor, with insurance, technology, and retail corporate offices within commuting range—supporting workforce housing demand and lease retention for renters employed across these nodes.
- State Farm Insurance — insurance (24.3 miles)
- Oracle Waterfront — technology offices (24.6 miles)
- Whole Foods Market — retail HQ & corporate (26.7 miles) — HQ
- New York Life — insurance (32.8 miles)
- Airgas — industrial gases offices (34.0 miles)
This 72-unit asset at 1320 Wilson St benefits from a stable renter base, with neighborhood occupancy steady and a meaningful share of units renter-occupied, supporting absorption for workforce housing. Within a 3-mile radius, recent population and household growth—paired with forecasts calling for additional renter pool expansion—point to durable demand and support for occupancy stability over the medium term. According to CRE market data from WDSuite, rent levels relative to incomes remain manageable for many households, reinforcing retention potential even as ownership remains relatively accessible in this submarket.
Built in 1985, the property is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory while leaving room for value-add through common-area refreshes, unit updates, and systems modernization. The location’s commuting access to Austin employers broadens the tenant catchment and supports leasing consistency without relying on premium pricing.
- Stable neighborhood occupancy and a sizable renter base support income durability.
- 3-mile population and household growth, with forecasts indicating further renter pool expansion by 2028.
- 1985 vintage enables targeted value-add and systems updates to enhance competitiveness.
- Workforce-oriented location with commuting reach to Austin employers supports leasing stability.
- Risks: school ratings below national averages and accessible ownership options may compete with rentals—favor disciplined underwriting and asset improvements.