| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 59th | Good |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1800 E Texas Hill Rd, Monticello, FL, 32344, US |
| Region / Metro | Monticello |
| Year of Construction | 1993 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1800 E Texas Hill Rd, Monticello FL — 36-Unit 1993 Multifamily
Neighborhood occupancy trends are steady and above the metro median, supporting durable leasing for a 1993-vintage asset, according to WDSuite’s CRE market data.
The property sits in a Rural neighborhood of the Tallahassee, FL region that is competitive among metro peers (ranked 43 out of 143 neighborhoods; rating B+). Local occupancy for the neighborhood is above the metro median and roughly mid-pack nationally, a constructive backdrop for stabilizing cash flows versus more volatile submarkets.
Daily-living access is serviceable rather than destination-driven: restaurants and groceries track around the national middle, while cafes and childcare score above average nationally. Park and pharmacy access is limited, consistent with rural settings, so residents typically rely on broader trade-area amenities in Monticello and the wider Tallahassee region.
Tenure patterns indicate a moderate renter base: renter-occupied housing comprises roughly one-quarter of neighborhood units, above the metro median and in the upper half nationally. For investors, this suggests a meaningful, if not dominant, pool of renters that can support multifamily demand without overreliance on a single segment.
Home values in the neighborhood sit below national medians, which can create some competition from ownership options. However, rent-to-income ratios skew favorable for operators, implying lighter affordability pressure and potential support for retention and measured rent growth as leases turn.
Within a 3-mile radius, demographics point to a gradually expanding tenant base: the population increased over the last five years and is projected to continue growing through 2028, with households forecast to rise notably and a modest shift toward smaller household sizes. For multifamily, that combination typically expands the renter pool and supports occupancy stability over time, based on CRE market data from WDSuite.
Neighborhood-level crime metrics are not available in WDSuite for this location. Investors commonly benchmark property security and resident safety perceptions against broader Tallahassee-region trends and operator practices, then reassess as new data is published.
A prudent approach is to review recent trend data at the city and county level, evaluate property-level measures (lighting, access control, and visibility), and compare resident feedback to similar Rural neighborhoods in the region to contextualize risk without over-relying on block-level anecdotes.
Regional employment is diversified beyond the immediate neighborhood; proximity to select industrial and corporate operations helps underpin commuter demand from renters who prioritize drive-time over walkability. The list below reflects nearby employers relevant to workforce-oriented housing.
- Packaging Corporation of America — paper & packaging manufacturing (37.7 miles)
Built in 1993, this 36-unit asset is materially newer than the area’s older housing stock, offering relative competitiveness versus pre-1950 properties while still presenting scope for targeted modernization as systems age. Neighborhood occupancy trends sit above the metro median, and the renter-occupied share is likewise above the metro midpoint—both supportive of demand depth and leasing stability.
Within a 3-mile radius, population has grown and is projected to increase further through 2028, with households expected to expand and average household size to trend smaller—conditions that typically enlarge the renter pool and support steady absorption. Ownership costs are comparatively accessible in this market, which can temper pricing power, but favorable rent-to-income dynamics leave room for disciplined revenue management. According to CRE market data from WDSuite, the neighborhood’s amenity mix is adequate for daily needs, consistent with a Rural setting.
- 1993 vintage offers competitive positioning versus older local stock, with value-add potential through selective upgrades
- Neighborhood occupancy above the metro median supports leasing stability
- 3-mile demographic trends point to renter pool expansion and steady absorption through 2028
- Favorable rent-to-income dynamics can aid retention and measured rent growth
- Risks: rural amenity gaps and comparatively accessible ownership options may cap near-term pricing power