| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 68th | Good |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1350 Bandera Hwy, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 1995 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1350 Bandera Hwy, Kerrville Multifamily Value-Add
1995 construction in an A- rated suburban neighborhood positions this 120-unit asset to capture steady renter demand as household growth expands the local tenant base, according to WDSuite’s CRE market data.
This Kerrville neighborhood carries an A- rating (ranked 6 out of 24 metro neighborhoods), reflecting solid fundamentals in a suburban setting. The property’s 1995 vintage is newer than the neighborhood’s average 1984 construction year, suggesting competitive positioning versus older stock while leaving room for targeted modernization to enhance leasing and retention.
Renter dynamics appear supportive. Within the neighborhood, the share of housing units that are renter-occupied is moderate (27.6%), indicating a stable demand base without overreliance on transient tenancy. At the 3‑mile radius, the renter-occupied share is higher, broadening the pool of prospective tenants for multifamily owners and supporting occupancy stability. The neighborhood’s rent-to-income ratio sits at 0.21, a level that supports lease retention and measured rent growth strategies for professionally managed assets.
Pricing context favors rentals. Neighborhood home values sit in the upper quartile nationally with a value-to-income ratio also in a high national percentile, signaling a higher-cost ownership market that can sustain demand for multifamily units and reduce move-outs to ownership. Median contract rents in the neighborhood rank in the 75th national percentile with notable five-year growth, aligning with investor expectations for durable rent performance. For broader context from multifamily property research, 3‑mile median contract rent has risen over the last five years and WDSuite’s data indicates further increases ahead.
Local amenity density is limited for daily needs (grocery, parks, pharmacies rank near the bottom among 24 metro neighborhoods), while restaurants are more accessible relative to other categories. For investors, this points to a value proposition centered on housing need and commute convenience rather than pedestrian retail, which can be offset by on-site amenities or operational focus on resident services.
Demographic statistics aggregated within a 3‑mile radius show population growth of 10.3% over five years, with households up 6.6% and continued gains projected, expanding the tenant base and supporting rent rolls over the medium term. The mix of age cohorts is balanced, and rising median incomes further reinforce demand depth for quality units.
Safety signals are mixed but improving. Compared with neighborhoods nationwide, this area rates in the top quartile for lower property and violent offense levels, indicating comparatively favorable conditions. Within the Kerrville metro, however, the crime rank is near the lower end (ranked 2 out of 24, where lower ranks indicate more crime), so it sits below the metro average on a relative basis.
Trend-wise, WDSuite’s data shows a sharp year-over-year decline in estimated property offenses and a modest decrease in violent offenses, which supports a cautiously positive outlook. Investors should underwrite to neighborhood-level conditions but note the national-percentile strength and the downward trajectory in reported incidents.
Regional employment anchors within commuting reach for some renters can support steady leasing. Notably, the energy sector is represented by a major headquarters presence listed below.
- Valero Energy — energy (44.2 miles) — HQ
This 1995-vintage, 120‑unit asset offers a practical value‑add path in a suburban Kerrville neighborhood with an A- rating. Being newer than the local average construction year enhances competitive positioning, while selective modernization can drive rent premiums and reduce downtime. According to CRE market data from WDSuite, neighborhood rents sit in higher national percentiles and the 3‑mile area shows ongoing population and household growth, which supports a larger tenant base and occupancy stability.
Ownership remains relatively high-cost in this neighborhood, which sustains reliance on rentals and supports pricing power for well-managed communities. Amenity density in the immediate area is limited, so on-site offerings and operations will be key. Safety trends are improving year-over-year, though investors should recognize the neighborhood ranks below the metro average on crime, and underwrite accordingly.
- 1995 construction versus older neighborhood stock supports competitiveness with targeted upgrades
- Higher national-percentile rents and a growing 3‑mile renter pool underpin demand and occupancy
- High-cost ownership context reinforces renter reliance and lease retention potential
- Improving safety trends, but below-metro-average ranking warrants prudent underwriting
- Limited neighborhood amenities suggest focus on on-site services and asset-level differentiation