| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 20th | Poor |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1929 Raney St, San Angelo, TX, 76901, US |
| Region / Metro | San Angelo |
| Year of Construction | 1978 |
| Units | 32 |
| Transaction Date | 2008-12-01 |
| Transaction Price | $10,250,000 |
| Buyer | SAN ANGELO KINGTON PROPERTIES LLC |
| Seller | FRANK & MARIE SILVEIRA REVOCABLE TRUST |
1929 Raney St, San Angelo TX Multifamily Investment
Neighborhood occupancy trends are stable and above most metro peers, signaling durable renter demand according to WDSuite’s CRE market data. Pricing remains oriented toward value, supporting retention while leaving room for operational upgrades.
This inner-suburb location in San Angelo offers steady renter demand supported by a high neighborhood occupancy rate that ranks in the top quartile among 36 metro neighborhoods. Parks access is a relative strength (85th percentile nationally), while grocery access tracks near the metro median; food-and-beverage density is limited immediately nearby, so residents typically rely on broader corridors for dining and cafes.
Median contract rents in the neighborhood sit at the value end of the spectrum compared with national benchmarks, and the rent-to-income ratio indicates manageable affordability pressure. For investors, that dynamic supports leasing stability and measured pricing power rather than rapid rent-ups.
Within a 3-mile radius, demographics point to a modest increase in population and households, with projections indicating further household expansion by 2028. This suggests a larger tenant base over time, which can help support occupancy stability and reduce turnover risk. The neighborhood’s renter-occupied share provides a meaningful pool of prospective tenants, reinforcing depth for smaller multifamily assets.
Home values in the area are lower than national norms, which can introduce some competition from ownership options. For operators, positioning around convenience, well-kept units, and reliable management can help sustain demand and lease retention even as some households weigh entry-level ownership. These dynamics align with pragmatic multifamily property research and point to consistent, workhorse performance over headline growth.
Safety indicators for the neighborhood are mixed when compared with metro and national benchmarks. Relative to 36 San Angelo neighborhoods, crime ranks in the lower half, indicating below-metro-average safety. Nationally, the area sits below the median for safety, so investors should underwrite enhanced on-site lighting, access control, and resident engagement as part of standard operating plans.
That said, year-over-year trend data shows improvement: both violent and property offenses have declined in the past year, with the pace of improvement placing the neighborhood above the national median for property-crime improvement and in the top quartile nationally for violent-crime improvement. For investors, this trend framing supports a cautious-but-constructive outlook, with prudent security measures and resident relations helping to sustain leasing and retention.
Nearby employment is diversified across core San Angelo industries, which supports workforce housing demand and practical commute times for renters in this submarket.
The property’s 32-unit scale fits a value-oriented segment of the San Angelo market, where the neighborhood’s top-quartile occupancy and manageable rent-to-income dynamics point to dependable leasing. According to CRE market data from WDSuite, local rents and home values position the area as an attainable housing market, reinforcing renter reliance on multifamily even as some households consider ownership.
Within a 3-mile radius, population and households have inched higher and are projected to expand further by 2028, implying a larger tenant base and support for occupancy stability. Key considerations include limited immediate amenity density and a safety profile that, while improving, trails national norms—both manageable with targeted capex and operational focus.
- Top-quartile neighborhood occupancy among 36 metro areas supports stable leasing
- Value-oriented rents and reasonable rent-to-income bolster retention and pricing discipline
- 3-mile radius shows current and projected household growth, expanding the renter pool
- Operational upside via unit finishes, resident experience, and security measures
- Risks: limited nearby amenities and below-median safety require active management