| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 48th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 202 E Bryce Dr, Killeen, TX, 76541, US |
| Region / Metro | Killeen |
| Year of Construction | 1994 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
202 E Bryce Dr Killeen Multifamily Investment
This 28-unit property offers exposure to a renter-concentrated market where 69% of housing units are renter-occupied, supporting multifamily rental demand according to WDSuite's CRE market data.
The property sits in an inner suburb neighborhood that ranks 12th among 139 Killeen-Temple metro neighborhoods, reflecting above-average fundamentals for the region. Built in 1994, the property aligns with the neighborhood's average construction year of 1998, indicating consistent building stock without significant capital expenditure pressures from aging infrastructure.
Demographics within a 3-mile radius show a substantial renter base, with 69% of housing units renter-occupied compared to typical ownership-heavy suburban markets. The area maintains a 94% neighborhood occupancy rate, ranking 54th among metro neighborhoods and placing it in the 63rd percentile nationally for occupancy stability. Median household income of $66,503 supports rental affordability, with rent-to-income ratios at moderate levels that reduce retention risk.
Population projections indicate 11% growth through 2028, while households are forecast to expand by 52% over the same period, reflecting demographic shifts toward smaller household sizes and increased demand for rental units. The neighborhood benefits from strong retail density, including 3.2 grocery stores per square mile (91st percentile nationally) and solid restaurant access, supporting tenant retention through convenience amenities.
Home values averaging $196,181 create a moderate-cost ownership environment that maintains rental demand without excessive competition from homeownership options. The area's 23% bachelor's degree attainment rate ranks in the 69th percentile nationally, indicating a educated workforce that supports stable employment and lease management.
The neighborhood's safety profile ranks 78th among 139 metro neighborhoods, placing it near the regional median and in the 47th percentile nationally. Property crime rates of 658 incidents per 100,000 residents have declined 3.7% year-over-year, indicating improving conditions that support tenant retention and property values.
Violent crime rates show more significant improvement, with a 55% year-over-year decrease that places the neighborhood in the 87th percentile nationally for crime reduction trends. While absolute violent crime levels remain above national averages, the strong downward trajectory suggests ongoing community safety improvements that benefit long-term investment fundamentals.
The property's employment base draws from regional corporate offices that provide workforce housing demand, though employers are located at substantial distances requiring commuter consideration.
- Raymond James — financial services (32.8 miles)
- Farmers Insurance - Doug Gaul — insurance (40.6 miles)
- Dell Technologies — technology (43.2 miles) — HQ
This 28-unit property built in 1994 positions investors in a renter-concentrated suburban market where 69% of housing units are renter-occupied, creating substantial tenant demand depth. The neighborhood's 94% occupancy rate ranks above metro median, while projected household growth of 52% through 2028 supports expanding renter pools and lease-up velocity.
Moderate home values averaging $196,181 maintain rental demand without excessive ownership competition, while household income levels of $66,503 support rent-to-income ratios that reduce affordability pressure and retention risk. According to CRE market data from WDSuite, the property's 1994 vintage aligns with neighborhood norms, minimizing immediate capital expenditure needs while offering potential value-add opportunities through selective unit improvements.
- Strong renter concentration at 69% of housing units supports multifamily demand depth
- Above-median neighborhood occupancy at 94% indicates tenant retention stability
- Projected 52% household growth through 2028 expands potential tenant base
- Moderate rent-to-income ratios reduce affordability pressure and lease management risk
- Distance to major employers may limit tenant pool and require competitive pricing strategies