| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 40th | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 499 W San Antonio St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
499 W San Antonio St Lockhart Multifamily Investment
Neighborhood occupancy has held near stable with modest improvement and a renter-occupied share around one-third, supporting steady lease-up potential, according to WDSuite’s CRE market data. The location offers small-unit workforce housing appeal in Lockhart with demand supported by nearby Austin employment nodes.
Lockhart’s neighborhood fundamentals point to practical renter appeal for smaller-format units. Restaurants, groceries, and pharmacies register above national midpoints, while parks access trends similarly, indicating everyday convenience without premium pricing signals. School ratings track below metro norms, which may tilt demand toward singles and couples rather than families—consistent with the property’s smaller average unit size. Median rent levels in the neighborhood sit around the national midpoint, and rent growth has been positive over the last five years, supporting incremental pricing power when paired with effective lease management.
At the metro level, the neighborhood ranks 396 out of 527 Austin-Round Rock-Georgetown neighborhoods (C rating), placing it below the metro median but competitive for workforce housing. Occupancy in the neighborhood is above the national midpoint and has nudged higher in recent periods, a constructive signal for revenue stability when underwriting.
Within a 3-mile radius, population and household counts have grown in recent years, and forecasts call for additional renter pool expansion alongside smaller average household sizes. This dynamic typically enlarges the addressable tenant base for studios and one-bedrooms, supporting occupancy stability and reducing downtime between turns.
Home values in the neighborhood are comparatively accessible versus many Sun Belt submarkets. While this can create some competition from ownership options, the neighborhood’s moderate rent-to-income ratios suggest manageable affordability pressure for renters, which can aid retention and limit turnover.
Relative to the Austin-Round Rock-Georgetown metro, the neighborhood’s overall crime position ranks 85 out of 527, which places it in the top quartile among metro neighborhoods. Nationally, it trends safer than average. These comparative readings can support leasing and retention, particularly for workforce tenants prioritizing commute convenience and day-to-day livability.
Recent year-over-year signals are mixed: property offenses show a modest decline, while violent offense measures have risen. Investors should monitor trend direction rather than single-year readings and compare against submarket benchmarks during diligence.
Proximity to major Austin employment centers underpins renter demand for workforce apartments. Key accessible employers include Oracle, State Farm, Whole Foods Market, New York Life, and Airgas, supporting commute-oriented leasing and retention.
- Oracle — technology offices (24.9 miles)
- State Farm Insurance — insurance (24.9 miles)
- Whole Foods Market — grocery corporate (27.0 miles) — HQ
- New York Life — insurance (33.2 miles)
- Airgas — industrial gases (34.2 miles)
This 20-unit, small-format asset in Lockhart targets workforce renters benefiting from access to Austin employment nodes and everyday amenities. Neighborhood occupancy is above the national midpoint with a recent upward drift, and the renter-occupied share around one-third implies a focused but stable tenant base. Within a 3-mile radius, population and household growth—paired with smaller projected household sizes—signals a larger pool of renters for studios and one-bedrooms, supporting occupancy stability and lease-up predictability.
Home values are comparatively accessible in this neighborhood, which can create some competition from ownership options; however, rent-to-income levels suggest manageable affordability pressure that can aid retention. According to CRE market data from WDSuite, neighborhood rents have trended upward over five years, aligning with a steady, fundamentals-driven thesis rather than speculative growth. Key risks include mixed safety trends and the property’s smaller scale, which can heighten variance in collections and expenses.
- Occupancy above national midpoint with recent improvement supports revenue stability
- 3-mile radius shows population and household growth, expanding the renter pool for smaller units
- Workforce location with access to major Austin employers underpins steady demand
- Rent-to-income levels indicate manageable affordability pressure that can aid retention
- Risks: mixed safety trendlines and 20-unit scale can increase performance variability