| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 68th | Good |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 808 Rockmoor Dr, Georgetown, TX, 78628, US |
| Region / Metro | Georgetown |
| Year of Construction | 1994 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
808 Rockmoor Dr, Georgetown TX Multifamily Investment
Neighborhood occupancy is strong and trending stable, pointing to durable renter demand relative to the Austin metro, according to WDSuite s CRE market data. The location s high-cost ownership market supports lease retention for well-managed assets.
This suburban pocket of Georgetown benefits from tight rental fundamentals and steady in-migration within a 3-mile radius. Neighborhood occupancy ranks competitive among 527 Austin-Round Rock-Georgetown neighborhoods and sits in the top decile nationally, signaling supportive conditions for stabilized operations rather than volatile lease-ups.
Livability favors families and commuters: average school ratings are above national norms (top quartile nationally), and park access compares well to peers. Everyday retail and cafes are thinner within the immediate neighborhood (lower amenity density versus the metro), so residents typically rely on nearby corridors for services a manageable trade-off given proximity to major employment centers.
The 3-mile area shows population growth over the last five years with a projected renter pool expansion through 2028 as households increase and average household size trends lower. Renter-occupied share is about two-fifths of housing units in the 3-mile radius, providing a meaningful tenant base that supports leasing velocity and renewal depth for multifamily owners.
Home values in the neighborhood are elevated (top quintile nationally), which generally sustains reliance on rental housing and can underpin pricing power when paired with sound lease management. Median contract rents in the neighborhood are above the national median but remain manageable relative to local incomes, keeping rent-to-income at levels that can support renewal performance.
Vintage considerations: the property s 1994 construction is older than the neighborhood s newer housing stock (average year built ranks near the top of the metro), pointing to potential value-add through unit modernization and capital planning for aging systems to remain competitive against 2010s-era product.
Safety trends in the neighborhood compare favorably within the Austin-Round Rock-Georgetown metro. With a crime rank of 88 out of 527 neighborhoods, the area sits above the metro average and around the 60th percentile versus neighborhoods nationwide eading to a comparatively safer profile in regional context.
Recent momentum is constructive: estimated violent offense rates declined about 30% year over year (top quartile for improvement nationwide), and property offense rates fell roughly 22.6% (above-average improvement). While crime can vary block to block and investors should underwrite security measures at the property level, the directional trend supports longer-term neighborhood stability.
Proximity to diversified employers supports workforce housing demand and commute convenience, led by financial services, technology, and advanced manufacturing nodes that reinforce leasing stability.
- Raymond James financial services (1.74 miles)
- Dell Technologies technology (8.88 miles) HQ
- Farmers Insurance - Doug Gaul insurance (10.01 miles)
- Arconic advanced materials & manufacturing (12.46 miles) HQ
- Adobe software (14.83 miles)
808 Rockmoor Dr offers scale at 104 units in a suburban Georgetown location where neighborhood occupancy is high and stable versus the metro, supporting steady cash flow potential. The 1994 vintage trails the area s newer stock, creating a clear path for targeted renovations and system upgrades to defend positioning against 2010s-era assets. Elevated home values in the neighborhood reinforce renter reliance on multifamily, while rent levels remain manageable relative to incomes a constructive backdrop for renewal and retention.
Within a 3-mile radius, population and households have grown and are projected to expand further, implying a larger tenant base and continued demand depth. Nearby employment nodes in technology, financial services, and manufacturing enhance leasing visibility. According to CRE market data from WDSuite, the neighborhood performs above metro norms on occupancy and has seen improving safety trends, which together support long-term fundamentals for a well-executed value-add or hold strategy.
- Tight neighborhood occupancy and stable demand relative to the metro support consistent leasing and renewals.
- 1994 vintage provides value-add potential through modernization to compete with newer stock.
- Elevated ownership costs locally sustain renter reliance, aiding pricing power when paired with disciplined lease management.
- 3-mile population and household growth expand the tenant base near major employment centers.
- Risks: car-dependent amenity access and aging systems may require additional capex and operational focus.