| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 75th | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2048 W Stassney Ln, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1981 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2048 W Stassney Ln Austin Inner-Suburb Multifamily
Neighborhood data points to a sizable renter base and steady occupancy, according to WDSuite’s CRE market data, supporting durable leasing fundamentals for this Inner Suburb location. One clear takeaway for investors: local renter demand is underpinned by high-cost ownership options and daily amenities within short reach.
This Inner Suburb pocket of South Austin scores well on convenience: grocery access sits in the top quartile nationally, and cafes and restaurants are also strong relative to U.S. neighborhoods. These amenity dynamics help support tenant retention and day-to-day livability that investors often prioritize.
Neighborhood occupancy is above the national median, indicating generally stable leasing conditions; importantly, this figure reflects neighborhood-level occupancy, not the property. The share of housing units that are renter-occupied is in the top quartile nationally, signaling a deep tenant pool for multifamily assets and reducing lease-up risk relative to more ownership-heavy areas.
Home values rank high versus national peers, reflecting a higher-cost ownership market that can sustain rental demand and support pricing power. Median contract rents at the neighborhood level trend above the national midpoint while WDSuite’s commercial real estate analysis indicates a favorable rent-to-income ratio locally, which can help with lease stability and renewal management.
Schools in the area average around the national middle, and parks and pharmacies are comparatively plentiful. Overall neighborhood quality is competitive among Austin-Round Rock-Georgetown neighborhoods (ranked near the top decile out of 527), suggesting solid location fundamentals without relying on downtown adjacency.
Demographic statistics aggregated within a 3-mile radius show household counts increasing over the prior five years with smaller average household sizes, a pattern that points to a larger tenant base for apartments. Forward-looking projections in the same 3-mile radius show households continuing to grow even as population trends level, which can support occupancy stability and ongoing renter demand.
Relative to national benchmarks, the neighborhood scores in a lower safety percentile, indicating crime conditions that warrant standard risk management and asset security measures. Within the Austin metro, safety levels are below the median, not the top quartile among the 527 neighborhoods tracked.
Recent year-over-year estimates show an uptick in both property and violent offense rates at the neighborhood level. Investors typically address this through physical improvements, lighting, access control, and community engagement to support retention and marketing.
The surrounding employment base blends corporate offices and tech, supporting commuter demand and leasing durability. Key nearby employers include Whole Foods Market, State Farm Insurance, Oracle, New York Life, and Coca-Cola.
- Whole Foods Market — corporate offices (4.6 miles) — HQ
- State Farm Insurance — insurance (4.8 miles)
- Oracle Waterfront — technology/corporate campus (5.0 miles)
- New York Life — financial services (9.5 miles)
- Coca-Cola — consumer goods (12.0 miles)
The investment thesis here centers on a deep renter pool, steady neighborhood occupancy, and strong daily amenities that reinforce retention. Elevated home values in the neighborhood context point to a high-cost ownership market, which typically sustains multifamily demand and supports pricing discipline. According to CRE market data from WDSuite, renter concentration ranks in the top quartile nationally, and grocery/cafe access is also nationally competitive—valuable for day-to-day livability and leasing story.
Three-mile demographics show growth in household counts alongside smaller household sizes, a configuration that usually expands the renter pool and supports occupancy stability over time. Neighborhood-level rents sit above national midpoints yet remain balanced against incomes, which can help manage affordability pressure and renewal risk. Key employers within a 5–12 mile commute add additional support for leasing consistency.
- Deep renter-occupied housing share at the neighborhood level supports tenant base and lease-up confidence
- Strong amenity access (top-quartile groceries/cafes nationally) enhances retention and marketing
- High home values relative to income sustain rental demand and pricing power
- 3-mile household growth and smaller household sizes point to a larger renter pool and occupancy stability
- Risk: Safety metrics trail national averages; active security and community measures may be needed