| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 14th | Poor |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2816 Country Lane Dr, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 2007 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2816 Country Lane Dr Temple Multifamily Investment
Renter demand is supported by a high share of renter-occupied housing in the surrounding neighborhood and steady occupancy, according to WDSuite’s CRE market data. This positioning favors durable cash flow potential, with room to compete on attainability versus newer Class A stock nearby.
This inner-suburb location in Temple, Texas offers practical livability for workforce renters. Neighborhood amenities are competitive among Killeen-Temple neighborhoods (ranked 45 out of 139 locally) with everyday retail and restaurants present, though park, pharmacy, and cafe density are limited compared with national norms. For investors, that balance generally supports value-oriented positioning rather than premium pricing.
The property’s 2007 vintage is older than the neighborhood’s average construction year of 2013. That age gap points to potential value-add through unit and common-area refreshes and targeted capital planning on aging systems to sharpen competitiveness versus newer stock.
Neighborhood occupancy trends sit below the metro median, while renter concentration is high (about 62% of housing units are renter-occupied). Taken together, that suggests a deep tenant base with some leasing friction—favorable for operators who can differentiate on finishes, management quality, or concessions strategy.
Within a 3-mile radius, demographics indicate population growth and a notable increase in households, alongside smaller average household size. This combination typically expands the renter pool and supports occupancy stability. Median contract rents in the 3-mile area remain attainable relative to incomes, and have risen meaningfully in recent years, with forward-looking projections pointing to continued gains based on CRE market data from WDSuite.
Home values in the neighborhood are moderate in a national context, which can create some competition from ownership options. For multifamily operators, this usually argues for emphasizing convenience, flexible lease terms, and move-in readiness to sustain pricing power and retention.
Safety indicators benchmark well in a national comparison. The neighborhood scores in the top quartile nationally for both lower violent and property offense estimates, and recent year-over-year trends show meaningful declines in estimated offense rates. While conditions can vary by block and over time, this profile supports renter appeal and leasing stability relative to many peer areas.
Regional employment access is anchored by financial services, insurance, and technology employers within commuting range, supporting a diversified renter base and weekday demand.
- Raymond James — financial services (35.6 miles)
- Farmers Insurance - Doug Gaul — insurance (37.9 miles)
- Dell Technologies — technology (44.6 miles) — HQ
At 104 units with a 2007 vintage, this asset fits a value-oriented play in a neighborhood where renter concentration is high and occupancy trends, while below the metro median, are supported by a growing 3-mile renter base. According to CRE market data from WDSuite, neighborhood rents remain attainable relative to incomes, suggesting room to compete through upgrades and professional lease management without overextending affordability.
Household and population growth within 3 miles, combined with moderate ownership costs locally, point to durable renter demand but also the need to differentiate versus entry-level ownership. The most credible upside comes from targeted renovations, operational execution, and consistent marketing to capture steady in-migration and smaller-household dynamics.
- High renter concentration supports demand depth and occupancy stability
- 2007 vintage offers value-add and modernization upside versus newer local stock
- 3-mile population and household growth expand the tenant base
- Attainable rents relative to incomes enable competitive positioning and retention
- Risks: neighborhood occupancy below metro median and some competition from ownership options