| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 59th | Good |
| Amenities | 25th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 717 Hill Country Dr, Kerrville, TX, 78028, US |
| Region / Metro | Kerrville |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | 2002-05-09 |
| Transaction Price | $6,356,735 |
| Buyer | 717 HILL COUNTRY LLC |
| Seller | BACKWATER INVESTMENTS LTD |
717 Hill Country Dr, Kerrville TX Multifamily Investment
Neighborhood occupancy is firm and renter demand is supported by stable incomes, according to WDSuite’s CRE market data. With a manageable rent-to-income profile, the asset’s positioning favors steady leasing over the cycle.
The property sits in a Kerrville neighborhood rated B+ and competitive among Kerrville neighborhoods (8 of 24), with measured convenience to daily needs and strong average school ratings. Neighborhood occupancy trends are solid and, compared with many areas nationwide, lean supportive of consistent rent rolls.
Schools in the area average 4.0 out of 5, placing the neighborhood in a high national percentile, which can bolster family-driven retention. Amenities are modest locally (limited parks, cafes, and childcare within the immediate area), but grocery and pharmacy access is present, keeping essentials within reach for residents.
Tenure patterns indicate a moderate renter concentration at the neighborhood level (about three in ten housing units are renter-occupied), suggesting a defined but not saturated tenant base that supports demand for professionally managed multifamily. Neighborhood rents and household incomes track near national midpoints, and a rent-to-income ratio near 0.15 implies manageable affordability pressure—useful for lease retention and measured pricing power.
Demographic statistics aggregated within a 3-mile radius show recent population growth with additional increases in households projected over the next five years, pointing to a larger tenant base and continued leasing depth. In a regional context where home values are relatively accessible, multifamily competes on convenience and flexibility; elevated ownership costs are less of a factor here, so effective operations and amenities become key to tenant capture.
Safety indicators are mixed and should be evaluated in context. Overall crime benchmarks sit around the national middle, while violent-offense measures perform somewhat better than midrange nationally. Property-offense indicators compare favorably versus many U.S. neighborhoods, though recent year-over-year changes warrant routine monitoring as part of risk management.
Within the Kerrville metro’s 24 neighborhoods, safety performance varies by category; investors should emphasize standard measures—lighting, access control, and resident engagement—to sustain leasing stability and mitigate risk over time.
Built in 1985, the 48-unit asset offers potential value-add and capital planning opportunities relative to the neighborhood’s newer average stock, positioning it to compete effectively with targeted renovations. Neighborhood occupancy is competitive within the Kerrville metro and compares favorably against many areas nationwide, supporting steady cash flow prospects. According to commercial real estate analysis from WDSuite, a moderate renter concentration and manageable rent-to-income dynamics point to a tenant base with capacity for retention, while 3-mile population and household growth indicate ongoing depth for leasing.
Given accessible for-sale housing in the area, the investment case leans on operations—curated amenities, unit modernization, and service quality—to attract and retain renters. Monitoring safety trends and balancing capex against achievable rents are the key execution variables.
- Competitive neighborhood occupancy supports consistent rent rolls
- 1985 vintage offers value-add and modernization upside versus newer area stock
- 3-mile population and household growth expand the renter pool and leasing depth
- Manageable rent-to-income profile favors retention and measured pricing power
- Risks: mixed safety signals and need to align capex with achievable rents