| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 48th | Good |
| Amenities | 11th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1901 Palm Village Blvd, Bay City, TX, 77414, US |
| Region / Metro | Bay City |
| Year of Construction | 1979 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1901 Palm Village Blvd, Bay City Multifamily Opportunity
Positioned in a renter-oriented Bay City neighborhood, the asset benefits from steady tenant demand and improving neighborhood occupancy trends, according to CRE market data from WDSuite. The area’s relatively accessible rents support retention, while pricing power may be more measured than in larger Texas metros.
Livability is defined by everyday convenience rather than lifestyle density. Grocery access ranks competitive among Bay City neighborhoods (2 of 18), placing the area above the national middle of the pack for this category, while cafés, restaurants, parks, and pharmacies are sparse locally (each ranked toward the bottom among 18 metro neighborhoods). For investors, this points to workforce-oriented appeal and car-reliant living rather than amenity-driven premiums.
Neighborhood-level rents sit below national averages (around the 38th percentile), which can aid lease retention and sustain a broad renter pool. At the same time, a low rent-to-income ratio (around the 21st national percentile) indicates modest affordability pressure — supportive for collections but limiting near-term rent lift relative to faster-growing metros.
The property’s 1979 vintage is older than the neighborhood’s average construction year (1988), suggesting practical capital planning for building systems and potential value-add upgrades to improve competitive positioning versus newer stock. This can create renovation-driven upside if scopes are carefully aligned to local income levels.
Tenure patterns indicate a meaningful renter-occupied share in the neighborhood, supporting depth of the tenant base and occupancy stability through cycles. Within a 3-mile radius, demographics show households have expanded even as population was relatively flat in recent years, implying smaller household sizes and a gradual renter pool expansion — conditions that generally support consistent leasing.
Home values are lower versus national norms, which can create some competition from ownership options. For multifamily owners, this typically favors value-conscious positioning and emphasizes renewal strategies over aggressive rent pushes to maintain pricing resilience.
Comparable safety data for this neighborhood is not available in the dataset provided. Investors often benchmark neighborhood safety against Bay City and broader regional trends to assess resident sentiment and leasing durability, focusing on multi-year patterns rather than block-level snapshots.
The submarket serves a regional workforce with commutes oriented to Bay City and surrounding industrial and services employers. Proximity supports resident retention through manageable drive times, though investors should underwrite employer concentration and commute patterns as part of lease-up and renewal assumptions.
This 108-unit, 1979-vintage asset aligns with a workforce-oriented Bay City location where neighborhood occupancy has trended upward and renter concentration supports a consistent tenant base. According to CRE market data from WDSuite, local rents track below national norms, indicating retention-friendly affordability and steady demand, while suggesting measured rent growth expectations versus large Texas metros.
Older vintage relative to the area average points to practical capex and value-add opportunities to enhance competitiveness. Within a 3-mile radius, recent increases in households alongside smaller household sizes signal a gradually expanding renter pool, which can support occupancy stability. Lower home values versus national benchmarks imply some competition from ownership, favoring a value-conscious operating strategy.
- Renter-oriented neighborhood with improving occupancy trends supporting leasing stability
- Retention-friendly rent levels; steady demand with measured pricing power
- 1979 vintage offers value-add and system-upgrade potential to boost competitiveness
- 3-mile household growth and smaller household sizes point to a larger renter pool
- Risk: Lower-cost ownership options may compete with rentals; prioritize renewal strategy