| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 21st | Poor |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 340 Market Place Blvd, Brownwood, TX, 76801, US |
| Region / Metro | Brownwood |
| Year of Construction | 2006 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
340 Market Place Blvd Brownwood 60-Unit Multifamily
Neighborhood data indicate a sizable renter base—roughly six in ten housing units are renter-occupied in the area—supporting demand stability, according to WDSuite’s CRE market data.
The asset is situated in an Inner Suburb area of Brownwood (neighborhood rating: B) where everyday conveniences are competitive among Brownwood neighborhoods (3rd of 21 locally), even if they sit closer to mid-pack nationally. Cafe and grocery density rank near the front of the metro, reinforcing resident convenience for workforce renters.
At the neighborhood level, occupancy has trended higher over the past five years and stands above the metro median, a supportive backdrop for lease-up and retention. Median asking rents are below national levels but have logged meaningful five-year growth, which can help preserve price-to-value positioning while still allowing measured rent increases through upgrades or turnover.
Tenure patterns show a high share of renter-occupied housing units in the neighborhood, indicating depth in the tenant pool and potential resilience in leasing. That said, local services such as parks, childcare, and pharmacies are limited, and average public school ratings are below regional norms—considerations for unit mix and amenity programming if targeting households with children.
Within a 3‑mile radius, recent years show population edging down while household counts increased—consistent with smaller household sizes or demographic shifts that can broaden the renter pool and support occupancy. Forward-looking projections indicate further household growth and rising incomes in the area, which can underpin rent performance if assets are maintained at attainable price points.
Comparable crime benchmarking for this neighborhood was not available in the latest WDSuite release. Investors typically evaluate safety by comparing neighborhood trends with city and county sources and by observing multi-year patterns rather than single-year snapshots.
As with any CRE underwriting, consider property-level measures (lighting, access control, and on-site management) alongside broader area trends when assessing risk and potential operating costs.
This 60‑unit asset benefits from neighborhood fundamentals that support steady renter demand: an elevated share of renter‑occupied housing, occupancy that has improved and sits above the metro median, and rents that remain attainable relative to national levels. Within a 3‑mile radius, household growth and rising incomes suggest a larger tenant base over time, which can support occupancy stability and measured rent growth.
According to CRE market data from WDSuite, local amenities are competitive within the Brownwood metro, while ownership costs are relatively accessible—factors that argue for a pragmatic strategy focused on workforce housing, cost‑effective upgrades, and retention. Key risks include limited family‑oriented services and below‑average school ratings, which may narrow the target renter profile and call for focused marketing and amenity planning.
- Neighborhood occupancy has improved and sits above the metro median, supporting leasing stability.
- High renter concentration indicates depth of tenant demand for professionally managed units.
- Attainable rent positioning with room for measured growth through targeted unit and common‑area improvements.
- 3‑mile household growth and rising incomes expand the renter pool and support retention.
- Risk: limited parks/childcare access and below‑average school ratings may constrain family demand and require tailored marketing.