| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 62nd | Good |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 E Driftwood Dr, Fredericksburg, TX, 78624, US |
| Region / Metro | Fredericksburg |
| Year of Construction | 1981 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 E Driftwood Dr, Fredericksburg TX Multifamily Opportunity
Household growth within a 3-mile radius suggests a larger tenant base ahead, while neighborhood occupancy trends track the Fredericksburg metro average, based on CRE market data from WDSuite.
Located in Fredericksburg, this 52-unit asset sits in a suburban neighborhood rated B+ and competitive among Fredericksburg neighborhoods (rank 5 of 16). Neighborhood occupancy is positioned competitively within the metro (rank 4 of 16), which supports lease-up and renewal stability at the submarket level. These occupancy figures describe the neighborhood, not the property.
Within a 3-mile radius, population has expanded over the past five years and is projected to continue growing, with households expected to rise further by 2028. A smaller average household size points to more, smaller households, which typically increases demand for multifamily units and supports occupancy stability.
Home values in the neighborhood sit in a high-cost ownership context (nationally high percentile and a high value-to-income ratio), which tends to reinforce reliance on rental housing and can aid lease retention. At the same time, the neighborhood’s rent-to-income ratio around the metro rank indicates some affordability pressure; investors should plan for disciplined lease management and attention to unit mix and concessions where needed.
Local amenities are mixed: grocery access is competitive among metro peers, while other daily conveniences and parks are thinner in the immediate area. Average school ratings trend slightly above national mid-range, which can help support longer-term renter interest from a broader household base.
The property’s 1981 vintage is older than the neighborhood’s average construction year, pointing to potential value-add through interior updates and common-area improvements, alongside prudent capital planning for aging systems. Newer surrounding stock may compete on finishes, but a renovated, well-managed asset can remain price-competitive against newer deliveries.
Tenure patterns within 3 miles show a meaningful share of renter-occupied housing units, providing depth to the tenant pool. Combined with projected household growth, this supports steady demand for well-located workforce and lifestyle-oriented rentals.
Neighborhood-level crime statistics were not available in the dataset for this area. Investors commonly benchmark safety by comparing neighborhood trends to broader metro and county indicators and by evaluating on-site measures such as lighting, access controls, and property management practices. Consider reviewing recent public safety reports and engaging local stakeholders for additional context.
This 52-unit property benefits from a competitive neighborhood position within Fredericksburg, steady neighborhood-level occupancy, and a 3-mile radius showing household growth that expands the renter pool. High ownership costs in the area tend to sustain rental housing demand, supporting retention and pricing power for well-managed assets.
Built in 1981, the asset is older than nearby averages and presents clear value-add potential through targeted renovations and systems upgrades. According to CRE market data from WDSuite, neighborhood rent-to-income dynamics suggest careful lease management is prudent; balancing achievable rents with product differentiation can help maintain occupancy while capturing incremental revenue.
- Competitive neighborhood standing and steady area occupancy support leasing stability
- 3-mile household growth indicates a larger tenant base and demand durability
- High-cost ownership market reinforces multifamily demand and retention
- 1981 vintage offers value-add and modernization upside with prudent capex planning
- Risks: affordability pressure (rent-to-income), thinner nearby amenities, and competition from newer stock