| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 48th | Good |
| Amenities | 11th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1909 Hamman Rd, Bay City, TX, 77414, US |
| Region / Metro | Bay City |
| Year of Construction | 1985 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1909 Hamman Rd Bay City TX Multifamily Investment
Renter concentration in the immediate neighborhood is high and occupancy has improved over the last five years, according to WDSuite’s CRE market data, supporting a deeper tenant base and steadier leasing. Positioning at attainable rents can help sustain demand through cycles.
Located in Bay City, Texas, the neighborhood shows workforce housing dynamics with broadly attainable rents and a renter-occupied share that indicates meaningful depth of demand for multifamily units. Neighborhood occupancy has trended upward in recent years, which can support income stability for professionally managed assets.
Amenity access is mixed: grocery availability is competitive among Bay City neighborhoods (ranked 2 out of 18 in the metro), while cafes, restaurants, parks, and pharmacies are relatively sparse compared to national norms. For investors, this suggests a value-oriented resident profile and potential stickier tenancy driven by convenience retail rather than lifestyle destinations.
Within a 3-mile radius, recent trends show households increasing even as overall population edged slightly lower, implying smaller household sizes and a gradual shift toward more housing demand per resident. Forward-looking projections indicate additional household and population growth by 2028, which would expand the local renter pool and support occupancy durability.
Median contract rents are below national levels and the rent-to-income profile is moderate, helping reduce affordability pressure and supporting retention. Neighborhood home values are comparatively low in the national context, which can create some competition from entry-level ownership; however, the attainable rent positioning of multifamily in this area still underpins leasing consistency for well-managed communities.
The subject property’s 1985 vintage is slightly older than the neighborhood’s average construction year (late 1980s). That age profile points to potential value-add through targeted renovations and systems updates, which can strengthen competitive positioning against newer stock while maintaining an attainable price point.
Comparable crime statistics for this neighborhood are not available in WDSuite at this time. Investors typically benchmark safety using multiple sources at the city and county level and focus on trend direction rather than block-level snapshots. As always, align underwriting with on-the-ground diligence and property-level security measures appropriate for the asset’s resident profile.
This 120-unit, 1985-vintage asset in Bay City aligns with a renter-driven submarket where occupancy has been improving and the renter-occupied share is high. Attainable rents and a moderate rent-to-income profile support retention, while household growth within a 3-mile radius points to a larger tenant base over time. According to CRE market data from WDSuite, amenity access is anchored by grocery convenience, with fewer discretionary lifestyle venues — a pattern consistent with workforce housing that can translate into steady leasing when managed effectively.
The property’s slightly older vintage presents a clear value-add path: focused unit and common-area upgrades, energy and systems modernization, and exterior refresh can sharpen competitiveness against newer stock without overreaching on rent thresholds. Key considerations include the smaller-metro context, relatively modest local incomes, and potential competition from entry-level ownership — all of which warrant disciplined renovation scopes and pricing strategy.
- Renter-driven submarket with improving neighborhood occupancy supporting income stability
- Attainable rents and moderate rent-to-income profile bolster resident retention
- 1985 vintage offers value-add potential through targeted renovations and systems updates
- Household growth within 3 miles points to a gradually expanding renter pool
- Risks: smaller metro, limited lifestyle amenities, and ownership competition require prudent underwriting