| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 40th | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 N Medina St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1975 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 N Medina St Lockhart Multifamily Opportunity
Neighborhood occupancy and renter demand appear steady at the submarket level, according to WDSuite’s CRE market data, with a renter-occupied share that supports small to mid-sized multifamily assets. These statistics reflect the surrounding neighborhood rather than this specific property.
Lockhart’s neighborhood context skews Rural with a C rating and demand supported by practical amenities. Grocery, pharmacy, childcare, parks, and restaurants score above national medians, while café density is thin. Within the Austin-Round Rock-Georgetown metro, amenity access is competitive (ranked 112 out of 527 metro neighborhoods), which helps leasing appeal for workforce households.
Rents in the neighborhood sit near national medians, and neighborhood occupancy is also around the national midpoint. The local renter-occupied share is above the metro median (ranked 224 out of 527), implying a deeper tenant base for a 20–50 unit property profile. Given the neighborhood’s largely 1970s housing stock (older than many national peers), investors should budget for ongoing capital needs and modernization to remain competitive against newer product.
Three‑mile demographics indicate population growth and a rising household count, with smaller average household sizes over time. For multifamily, this translates into a broader tenant pool and potential support for occupancy stability and lease retention rather than rapid rent spikes. Median household incomes are middle‑tier locally, and rent‑to‑income levels in the neighborhood suggest manageable affordability pressure, which can aid renewals.
Ownership remains relatively accessible versus many Texas metros, which can create some competition for renters weighing entry‑level ownership. However, elevated home values in nearby job centers and commute considerations tend to sustain renter reliance on convenient multifamily options in this neighborhood.
Neighborhood safety indicators are above the national median overall, with violent‑crime safety in the upper tier nationally and property‑crime safety particularly strong. On a metro basis, the area is competitive among Austin‑Round Rock‑Georgetown neighborhoods (crime rank 85 out of 527), suggesting relatively favorable positioning. That said, recent year trends show an uptick in violent incidents, so prudent operators often pair tenant screening with targeted security measures. These figures describe the surrounding neighborhood, not the property itself.
The employment base within commuting range blends insurance, enterprise software, grocery retail HQ, and industrial gases — a mix that can support stable renter demand and reduce turnover risk for workforce housing.
- State Farm Insurance — insurance (24.3 miles)
- Oracle Waterfront — enterprise software (24.5 miles)
- Whole Foods Market — grocery retail (26.6 miles) — HQ
- New York Life — insurance (32.8 miles)
- Airgas — industrial gases (33.8 miles)
This 26‑unit asset benefits from a renter base that is above the metro median for renter‑occupied housing, near‑median neighborhood occupancy, and three‑mile demographic growth that expands the local tenant pool. Homeownership is relatively accessible locally, which may temper aggressive rent pushes, but rising households and steady income profiles support durable leasing and retention. According to CRE market data from WDSuite, local rents sit near national medians while accessibility to daily‑needs amenities is competitive within the metro — a combination that suits value‑conscious renters.
Operationally, investors should plan for ongoing modernization consistent with the area’s largely 1970s vintage housing stock and consider security and lighting investments given recent year violent‑crime trends. The forward view is supported by population and household growth within 3 miles and a commuting shed anchored by diversified employers, positioning the property for stable occupancy with disciplined rent management.
- Renter-occupied share above metro median supports depth of tenant demand
- Near-median neighborhood occupancy with expanding 3‑mile renter pool
- Competitive daily‑needs amenities for workforce households within the Austin metro
- Value‑add via targeted interior updates and common‑area refresh to stay competitive
- Risk: below‑average school ratings and recent violent‑crime uptick merit conservative underwriting