| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 51st | Fair |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2350 Junction Hwy, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 2001 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2350 Junction Hwy Kerrville TX Multifamily Investment
2001 vintage with steady neighborhood occupancy and a growing 3-mile household base points to durable renter demand, according to WDSuite’s CRE market data. Newer construction versus nearby averages supports competitive positioning while leaving room for targeted value-add.
Kerrville’s suburban setting offers everyday convenience more than urban density. Grocery access ranks competitive among 24 Kerrville neighborhoods and sits above national midpoints, while restaurants are present but not concentrated. Parks, cafes, childcare, and pharmacies are comparatively sparse, so resident appeal leans on practical services and highway connectivity rather than a walkable amenity cluster.
Neighborhood occupancy is above the metro median, indicating generally stable leasing conditions, but it tracks closer to the national middle of the pack. The share of renter-occupied housing is competitive among Kerrville neighborhoods yet lower in absolute terms, suggesting a thinner but more stable renter pool. For multifamily owners, this points to consistent demand from households that rent by necessity or preference, with leasing stability more influenced by quality, price, and convenience than by transient traffic.
Within a 3-mile radius, population and households have expanded meaningfully over the past five years, and forecasts point to further household growth. That expansion broadens the tenant base and can support occupancy and rent performance, especially for well-maintained assets. Median household incomes in the 3-mile area have risen, which helps manage affordability pressure and supports retention as rents move with the market.
Median home values in the neighborhood are moderate for Texas, creating some competition from ownership. However, the rent-to-income ratio trends favorable locally, which can sustain renter reliance on multifamily housing and provide measured pricing power. Public schools average roughly 4.0 out of 5 and place in the top quartile nationally, an additional draw for family renters seeking value and stability without premium urban pricing.
Constructed in 2001 versus a neighborhood average around the late 1990s, the property is slightly newer than nearby stock. That positioning can reduce near-term capital needs and enhance competitiveness against older assets, while still allowing room for selective modernization to capture rent premiums.
Safety indicators for the neighborhood are near the national middle overall, with specific categories trending better. Property offense measures sit in the top quartile nationally, and violent offense metrics are also in the upper quartile compared with neighborhoods nationwide. At the metro level, performance is competitive among 24 Kerrville neighborhoods. For investors, this backdrop supports resident retention and leasing, with standard on-site management practices remaining important.
This 52-unit, 2001-vintage asset benefits from a growing 3-mile household base, steady neighborhood occupancy above the metro median, and school quality that tests well nationally. The ownership market is moderately priced for Texas, but local rent-to-income dynamics support sustained rental demand and measured pricing power. According to CRE market data from WDSuite, the property’s slightly newer vintage versus nearby stock helps its competitive position while leaving room for targeted renovations to drive yield.
Key considerations include a smaller renter-occupied share locally, which emphasizes product differentiation and asset quality, and amenities that skew toward essentials over walkability. With household and income growth broadening the tenant base, disciplined operations and selective upgrades should support occupancy stability and rent performance over a hold period.
- Growing 3-mile household base expands the tenant pool and supports leasing
- 2001 construction is slightly newer than nearby stock, aiding competitiveness
- Neighborhood occupancy above metro median with schools in top national quartile
- Rent-to-income dynamics suggest measured pricing power with retention focus
- Risks: lower renter-occupied share and limited walkable amenities require strong asset management