| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 14th | Poor |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2916 Country Lane Dr, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 2007 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2916 Country Lane Dr, Temple Multifamily Investment
Neighboring blocks show a high renter-occupied share and steady household growth, supporting multifamily demand according to WDSuite’s CRE market data. These indicators point to durable leasing fundamentals at the neighborhood level rather than the property itself.
The property sits in an Inner Suburb pocket of Temple where renter-occupied housing is elevated relative to the metro, indicating a deep tenant base for workforce-oriented units. The neighborhood’s renter concentration ranks competitively among 139 Killeen-Temple neighborhoods and lands in the top quartile nationally, a constructive backdrop for lease-up and renewal activity.
Current neighborhood occupancy trends are stable but sit below the metro median, suggesting operators should prioritize tenant retention and targeted leasing to sustain performance. On the cost-of-ownership side, elevated value-to-income ratios versus national norms signal a higher-cost ownership landscape for the area, which typically reinforces reliance on multifamily rentals and can aid lease stability.
Everyday amenities are mixed: restaurants and grocery options track competitive within the Killeen-Temple metro and modestly above national averages, while parks, pharmacies, and cafes are sparse locally. For investors, this usually favors auto-oriented renters; on-site amenities and convenience-driven upgrades can help offset limited neighborhood offerings.
Within a 3-mile radius, demographics point to a larger renter pool over time: population and household counts have expanded in recent years and are projected to continue rising, with household growth outpacing population growth—an investor-relevant signal of more leasing households entering the market. Median incomes have been trending upward locally, which can underpin collections, while rent levels remain positioned to serve value-conscious demand. The property was built in 2007, while nearby construction skews newer on average; this positioning can support a value-add plan and targeted capital improvements to remain competitive with 2010s-vintage stock.
Neighborhood safety benchmarks read favorably in comparative terms. The area ranks among the safer parts of the Killeen-Temple metro (4th out of 139 neighborhoods) and performs in the top decile nationally on both violent and property offense metrics, according to WDSuite. Recent year-over-year readings indicate notable declines in estimated offense rates, reinforcing a stable operating backdrop for resident retention and leasing.
Regional employment is diversified, with access to corporate, financial services, and technology roles that support renter demand through commute-based leasing. The following nearby employers anchor this base.
- Raymond James — financial services (35.6 miles)
- Farmers Insurance - Doug Gaul — insurance (37.9 miles)
- Dell Technologies — technology (44.5 miles) — HQ
This 2007, 104-unit community aligns with a renter-heavy neighborhood where leasing demand is supported by a large tenant base and growing households within a 3-mile radius. While neighborhood occupancy trends sit below the metro median, renter concentration is strong relative to both the metro and national comparisons, and ownership costs run high versus local incomes—factors that typically sustain reliance on rentals. According to CRE market data from WDSuite, the submarket scores well on comparative safety, a supportive ingredient for resident retention.
The vintage positions the asset for pragmatic value-add: exterior/interior refreshes and operational upgrades can help compete against newer 2010s-era stock while capturing demand from auto-oriented renters given limited nearby parks, pharmacies, and cafes. Execution focus should include affordability-aware pricing, renewal management, and targeted marketing to maintain occupancy and stabilize cash flow.
- Renter-heavy neighborhood and expanding 3-mile household base support demand depth and occupancy stability.
- Comparative safety performance (top decile nationally) aids leasing and resident retention.
- Ownership remains relatively high-cost versus local incomes, reinforcing reliance on multifamily housing.
- 2007 vintage offers value-add potential to compete with newer 2010s stock.
- Risks: neighborhood occupancy below metro median and limited nearby amenities require active leasing and amenity-driven upgrades.