| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Fair |
| Demographics | 28th | Poor |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5400 College Ave, Snyder, TX, 79549, US |
| Region / Metro | Snyder |
| Year of Construction | 1976 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5400 College Ave Snyder Multifamily Investment
Positioned in a rural Snyder submarket with steady workforce housing needs, this 48-unit, 1976-vintage asset offers durable cash-flow characteristics as neighborhood occupancy has trended upward in recent years, according to WDSuite s CRE market data. In a market where renter households are a meaningful share of units, investors can underwrite demand depth alongside prudent renewal and capex planning.
Snyder s neighborhood context skews rural with a B-rated profile (ranked 4 among 8 metro neighborhoods), offering practical access to daily needs rather than lifestyle amenities. Grocery and pharmacy access score above national midpoints, while parks and cafes are limited, suggesting a car-oriented setting where on-site features and property maintenance can play a larger role in retention.
Neighborhood occupancy sits below national norms but has improved over the past five years, pointing to gradually firmer fundamentals. The local renter concentration is roughly one-quarter to one-third of housing units, which supports a stable tenant base for garden-style multifamily. Median contract rents remain comparatively modest, which helps sustain demand and reduces turnover risk but may temper near-term rent lift, a balance investors can evaluate through multifamily property research.
Within a 3-mile radius, recent data shows flat-to-soft population trends but a small increase in families and essentially stable household counts, while forecasts indicate population growth, a rising renter share by 2028, and smaller average household sizes. For investors, that combination implies a broader tenant pool over time and potential support for occupancy stability, even as unit mix and price points should remain aligned with workforce demand.
Home values in the neighborhood are low compared with national percentiles, reflecting a more accessible ownership market. That dynamic can moderate pricing power for older assets, yet it also reinforces the role of well-managed rentals that deliver convenience and reliability. Given the 1976 vintage, targeted upgrades can improve competitive positioning against both for-sale options and older rental stock, while keeping total housing costs attractive for residents.
Neighborhood-level crime metrics are not available in WDSuite for this location, so investors should benchmark property performance against Snyder and Scurry County trends and emphasize standard risk controls (lighting, access management, and resident engagement). Framing safety comparatively at the submarket level, alongside actual property incident histories and insurer feedback, can provide a more reliable underwriting view than block-level anecdotes.
Regional employment in Snyder is diversified across local services and trade, supporting workforce housing demand; specific employer proximity data with reliable distances is not available in WDSuite for this address at this time.
This 1976 garden-style property aligns with workforce housing fundamentals in a rural Snyder setting where renter households form a meaningful share of occupied units. Neighborhood occupancy has moved higher in recent years and rents remain comparatively modest, supporting retention even if top-line growth is measured. According to CRE market data from WDSuite, local access to daily needs is serviceable but amenities are thin, which elevates the value of on-site appeal and pragmatic capex to sustain leasing velocity.
The asset s vintage suggests systems modernization and selective unit renovations can enhance competitiveness versus older stock and for-sale alternatives in a low-cost ownership market. Near-term underwriting should balance steady demand indicators with cautious rent assumptions and a focus on durable operations, while medium-term demographic forecasts point to an expanding tenant base and support for occupancy stability.
- Workforce demand anchor with renter share supportive of depth and retention
- Upward occupancy trend and modest rents help sustain leasing stability
- 1976 vintage offers value-add through systems updates and targeted interior refresh
- Thin neighborhood amenities increase the importance of on-site appeal and management
- Risks: competition from low-cost ownership, limited amenity draw, and conservative rent growth expectations