| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 57th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2901 Haine Dr, Harlingen, TX, 78550, US |
| Region / Metro | Harlingen |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2901 Haine Dr, Harlingen TX Multifamily Investment
Neighborhood data points to stable renter demand supported by a majority renter-occupied housing share and household growth, according to WDSuite’s CRE market data. The asset’s suburban setting offers balanced affordability that can aid retention and occupancy management.
Rated A and positioned as an Inner Suburb, this neighborhood ranks 17th out of 133 in the Brownsville–Harlingen metro, placing it in the top quartile locally for overall fundamentals. For investors, that typically signals steady renter interest and a broad tenant base to support leasing performance.
Daily needs access is a relative strength: grocery and pharmacy density track well versus national norms, while restaurants are around mid-pack. Café and park options are limited, which may modestly reduce lifestyle appeal compared with denser urban nodes, but the tradeoff is convenient access to essentials that support day‑to‑day living.
The neighborhood’s occupancy trends have been stable, and the share of housing units that are renter‑occupied is high for the area (51.3%), indicating depth in the tenant pool and supporting demand resiliency for multifamily. Median contract rents sit around the middle of national comparisons, and a rent‑to‑income ratio near 0.16 suggests manageable affordability that can aid lease retention rather than stretch households.
Within a 3‑mile radius, demographics show population growth over the past five years alongside a larger increase in households and families, pointing to a growing renter pool. Forecasts indicate further household expansion with smaller average household sizes, which can translate into additional demand for professionally managed apartment units. Average school ratings are above national averages and sit in the top quartile among 133 metro neighborhoods, adding a family-friendly dimension that can support tenant stickiness.
Vintage context: the property was built in 1985, slightly newer than the neighborhood’s average 1981 construction year. That positioning can help competitiveness versus older stock, though investors should still plan for targeted modernization and system upgrades as part of long‑term capital planning.
Safety indicators compare favorably at the national level: neighborhood crime measures are in a high national percentile, placing the area among the stronger performers nationwide for safety. Year‑over‑year trends also point to materially lower estimated rates for both violent and property offenses, reinforcing an improving backdrop.
As with any submarket assessment, conditions can vary by micro‑location and over time. Investors should underwrite to current operations and verify on‑the‑ground patterns, but the broader trajectory and national standing suggest comparatively supportive safety dynamics for tenant retention.
Nearby employers provide a diversified employment base that supports renter demand through commute convenience, led by telecommunications and logistics players listed below.
- Dish Network — telecommunications services (2.4 miles)
- United Parcel Service — logistics & parcel distribution (34.0 miles)
- R R Donnelley & Sons — printing & business services (37.9 miles)
This 48‑unit asset with larger‑than‑typical unit sizes is situated in a top‑quartile neighborhood within the Brownsville–Harlingen metro, where renter‑occupied housing concentration and steady occupancy support demand durability. Balanced rent levels and a modest rent‑to‑income profile point to manageable affordability, which can translate into stable collections and retention. According to CRE market data from WDSuite, the surrounding area shows expanding households within a 3‑mile radius, suggesting a larger tenant base over the medium term.
Built in 1985, the property is slightly newer than the local average vintage, offering competitive positioning versus older product while still presenting scope for targeted value‑add through interior refreshes and systems upgrades. Amenity access favors essentials (groceries, pharmacies), and improving safety indicators provide additional support for leasing performance, while limited cafés/parks and potential competition from ownership options are considerations to underwrite.
- Top‑quartile neighborhood standing in the metro supports demand depth
- Renter‑occupied share and stable occupancy underpin leasing and retention
- Household growth within 3 miles expands the tenant base
- 1985 vintage offers competitive footing with room for value‑add upgrades
- Risks: limited lifestyle amenities nearby and potential competition from ownership