| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 45th | Fair |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4237 Highway 377 S, Brownwood, TX, 76801, US |
| Region / Metro | Brownwood |
| Year of Construction | 2005 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4237 Highway 377 S, Brownwood TX Multifamily Investment
Steady renter demand is supported by a growing household base and manageable rent-to-income levels, according to CRE market data from WDSuite. The location offers workforce access within the Brownwood area with room for value-add positioning versus older stock nearby.
The property sits in a Rural neighborhood of Brownwood that is competitive among Brownwood, TX neighborhoods (7th of 21). Local livability is practical rather than amenity-rich, with basic access to groceries and parks, while cafes, restaurants, and pharmacies are limited. These conditions often favor workforce renters prioritizing value and commute convenience over lifestyle clustering.
Neighborhood housing stock trends slightly newer than many rural markets nationally (high national percentile for newer construction), yet this asset’s 2005 vintage is modestly older than the neighborhood average year of 2008. For investors, that gap can translate to targeted capital upgrades to remain competitive while benefiting from a submarket where newer product sets expectations on finishes and systems.
Unit tenure signals a smaller but meaningful renter base within the neighborhood, with roughly one-quarter of housing units renter-occupied. Within a 3-mile radius, households have increased over the last five years while average household size has declined, indicating more households across fewer people per unit—an expansion in the potential tenant base that can support occupancy stability. Forward-looking projections within 3 miles point to additional household growth and a rising renter share, which typically supports absorption and lease-up prospects.
Homeownership costs in the area remain comparatively accessible in a national context, so multifamily assets may face some competition from entry-level ownership. However, rent-to-income levels around the neighborhood sit at a manageable level, which can aid retention and reduce leasing friction. Based on multifamily property research from WDSuite, median contract rents in the neighborhood have grown over the past five years, reinforcing durable, value-oriented demand rather than premium, amenity-driven pricing.
Comparable neighborhood-level crime metrics are not available in WDSuite for this specific location. Investors typically benchmark safety by reviewing city and county trend data over multiple years and corroborating with property-level incident logs, lighting and access controls, and resident feedback.
A prudent approach is to underwrite conservative assumptions and verify trends with third-party sources and local law enforcement summaries, focusing on trajectory rather than single-year readings.
4237 Highway 377 S offers a 2005-vintage, 54-unit footprint in a Brownwood neighborhood that is competitive within the metro. The local renter base is smaller but stable, and 3-mile demographics indicate household growth with smaller household sizes—factors that can expand the tenant pool and support occupancy stability. According to CRE market data from WDSuite, neighborhood rents have risen over the past five years while rent-to-income remains manageable, suggesting room for thoughtful revenue management without overextending affordability.
The asset is slightly older than the neighborhood’s average construction year, creating a clear value-add pathway through focused interior refreshes and systems upgrades to outperform older comparables. Limited amenity density in the immediate area favors a workforce positioning; underwriting should account for measured lease-up velocity and the neighborhood’s moderate occupancy levels, with emphasis on retention and pragmatic capital planning.
- Competitive submarket standing within Brownwood supports steady renter demand
- Household growth and smaller household sizes within 3 miles expand the tenant base
- 2005 vintage provides value-add upside versus newer neighborhood stock
- Manageable rent-to-income levels aid retention and pricing discipline
- Risks: limited amenity density and moderate neighborhood occupancy warrant conservative underwriting