| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 48th | Good |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2201 W Adams Ave, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 2011 |
| Units | 94 |
| Transaction Date | 2011-05-20 |
| Transaction Price | $7,312,500 |
| Buyer | RST FAIRWAYS AT SAMMONS PARK LP |
| Seller | PRIME INCOME ASSET MANAGEMENT INC |
2201 W Adams Ave Temple Multifamily with Stable Renters
Neighborhood occupancy is strong and has trended upward, supporting steady leasing conditions for a 2011-vintage, 94-unit asset, according to WDSuite’s CRE market data. Context within Temple’s inner suburb points to durable renter demand rather than speculative upside.
The property sits in an Inner Suburb of Temple with a neighborhood rating of A and a neighborhood rank of 19 out of 139, placing it above the metro median among Killeen-Temple neighborhoods. Daily needs are reasonably served by nearby grocery and pharmacy access (both above national medians), while restaurant density trends above average; park and café density are limited, which may modestly affect lifestyle positioning compared with amenity-rich urban cores.
From an operations lens, the neighborhood occupancy rate is 95.7% and in the 75th national percentile, indicating top-quartile performance nationally and supportive fundamentals for maintaining collections and lease stability. Median contract rents in the neighborhood are mid-market relative to the metro and below national highs, and the rent-to-income ratio near 0.15 suggests manageable affordability that can aid retention and measured pricing power. These signals align with investor takeaways often surfaced in multifamily property research.
Tenure patterns point to a balanced renter base: the neighborhood’s share of renter-occupied housing units is roughly half, deepening the tenant pool for conventional multifamily without overreliance on turnover. The area’s average household size is typical for the region, and the median home value sits near national mid-range levels; in practice, a high-cost ownership market is not a prerequisite here to sustain demand—rental options remain attractive on a monthly payment basis, which can support occupancy stability.
Demographic trends aggregated within a 3-mile radius indicate population growth over the last five years and an increase in households, with forecasts calling for further expansion by 2028. Rising household counts and higher projected median incomes point to a larger tenant base and potential for continued leasing depth, based on CRE market data from WDSuite. School ratings in the immediate neighborhood trail national medians, which can influence unit mix appeal for family renters but typically has limited impact on workforce-oriented demand where commute and value are primary drivers.
Safety indicators present a mixed picture depending on the comparison set. Within the Killeen-Temple metro, the neighborhood’s rank sits near the higher-crime end (ranked 3 out of 139), signaling that local crime conditions warrant standard risk management and security measures. Nationally, however, the area registers in higher safety percentiles (e.g., property and violent offense measures in the 80th percentile or better), indicating comparatively lower crime risk versus many U.S. neighborhoods.
Recent WDSuite data also shows sharp year-over-year declines in both property and violent offense estimates. For investors, that combination—cautious metro-relative positioning with favorable national standing and improving trendlines—argues for underwriting with prudent assumptions while recognizing that broader benchmarks compare relatively well.
Regional employment access is driven by diversified corporate services within commuting range, supporting workforce housing dynamics and lease retention for renters tied to financial and insurance roles. The list below highlights nearby offices relevant to prospective renter demand.
- Raymond James — financial services (37.1 miles)
- Farmers Insurance - Doug Gaul — insurance (40.0 miles)
This 94-unit property built in 2011 competes well against a neighborhood stock that skews slightly older (mid-2000s on average), offering relative appeal to renters while leaving room for targeted modernization as building systems age. Neighborhood occupancy sits in the national top quartile and has improved over five years, supporting collection stability. Within a 3-mile radius, population and household growth—paired with rising incomes—point to a larger tenant base and durable demand. According to CRE market data from WDSuite, rent levels align with mid-market positioning and a rent-to-income profile that supports retention and disciplined rent growth strategies.
Key considerations include a metro-relative crime rank that suggests continued emphasis on property security and resident experience, plus limited park and café density that may cap lifestyle-driven premiums. School ratings below national medians may influence family-focused leasing but typically have a muted impact for workforce renters prioritizing commute and value.
- 2011 vintage offers competitive positioning versus older local stock, with selective value-add potential
- Neighborhood occupancy in the national top quartile supports leasing stability and collections
- Expanding 3-mile population and household base increases depth of the renter pool
- Mid-market rent context and manageable rent-to-income dynamics aid retention and measured pricing
- Risks: metro-relative crime positioning and limited park/café density may temper premium capture