| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 38th | Fair |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2805 Avenue U, Hondo, TX, 78861, US |
| Region / Metro | Hondo |
| Year of Construction | 1995 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2805 Avenue U Hondo 108-Unit Multifamily Opportunity
Neighborhood occupancy has been stable near the metro median with an above‑average renter concentration, according to WDSuite’s CRE market data, supporting durable tenant demand at this Hondo asset.
Located in Hondo within the San Antonio–New Braunfels metro, the neighborhood carries a C+ rating and ranks 394th out of 595 metro neighborhoods, placing it below the metro median but competitive for workforce housing in a rural context. Amenity density is limited locally (few cafes, groceries, or parks), which makes on-site features and property management a larger part of the resident value proposition.
Renter-occupied housing accounts for roughly a third of units in the neighborhood, above the national median, which indicates a meaningful tenant base for multifamily owners and supports leasing stability. Neighborhood occupancy has hovered around the metro midpoint in recent years, which typically correlates with steady—though not outsized—pricing power for well-managed assets.
The area’s 3-mile demographics show a modest population contraction over the last five years but a notable increase in household counts alongside smaller average household sizes. For investors, that mix suggests a larger pool of households competing for available units and a gradual expansion of the renter pool. Forward-looking data points to additional household growth through 2028, which would further support occupancy and absorption, based on CRE market data from WDSuite.
Home values sit below the national midpoint while local incomes trend lower, producing a value-to-income profile that leans toward continued renter reliance on multifamily housing. With median rent levels aligning to moderate rent-to-income ratios, pricing can remain competitive for retention even as operators manage incremental increases.
Vintage context: the property was built in 1995, newer than the neighborhood’s average 1986 construction year. That positioning typically provides an edge versus older stock while still offering potential value‑add through selective interior updates and systems modernization to differentiate from comparable 1980s inventory.
Comparable neighborhood-level crime benchmarks are not available in WDSuite for this location. Investors commonly evaluate county and metro trend lines alongside property operations to set assumptions on security measures, lighting, and resident experience.
Given the rural setting, it is prudent to review recent public safety reports and speak with local stakeholders to understand directional trends rather than relying on block-level conclusions.
Regional employment centers in greater San Antonio provide a commutable base of stable, white‑collar jobs that can support renter demand and lease retention for workforce housing in Hondo, including roles tied to energy, financial services, and media.
- Valero Energy — energy (37.1 miles) — HQ
- USAA Federal Savings Bank — financial services (37.3 miles)
- Usaa — financial services (37.3 miles) — HQ
- Usaa Ops Building — financial services operations (37.4 miles)
- Iheartmedia — media (41.8 miles) — HQ
This 108‑unit, 1995‑vintage asset offers scale in a rural San Antonio metro submarket where neighborhood occupancy trends sit near the metro median and the renter-occupied share is above the national midpoint. The property’s vintage positions it competitively versus older 1980s stock while preserving value‑add levers through targeted interior refreshes and modernization. Within a 3‑mile radius, households have increased despite modest population softness, and forecasts point to additional household growth through 2028—signals that support a larger tenant base and steady absorption, according to CRE market data from WDSuite.
Operating upside rests on capturing dependable workforce demand with disciplined renewal management and amenities that offset sparse local retail. Key risks include the rural location with limited neighborhood amenities, commuter distances to major job nodes, and school ratings that trail national norms—factors that warrant conservative underwriting on lease-up velocity and concessions.
- 1995 vintage offers competitive positioning vs. 1980s stock with value‑add potential
- Renter share above national median supports depth of tenant base and retention
- 3‑mile household growth outlook supports occupancy stability and absorption
- Moderate rent-to-income dynamics provide room for disciplined revenue management
- Risks: rural amenity scarcity, longer commutes to employers, and below-average school ratings