| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 10th | Poor |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2280 W US Highway 77, San Benito, TX, 78586, US |
| Region / Metro | San Benito |
| Year of Construction | 1998 |
| Units | 116 |
| Transaction Date | 2016-05-02 |
| Transaction Price | $2,660,000 |
| Buyer | TEXAS CANAL PLACE APARTMENTS LLC |
| Seller | SAN BENITO HOUSING LTD |
2280 W US Highway 77, San Benito TX Multifamily Investment
Neighborhood occupancy is competitive within the Brownsville–Harlingen metro, supporting stable leasing fundamentals, according to CRE market data from WDSuite. Renter concentration is elevated at the neighborhood level, indicating a deeper tenant base for sustained demand.
Positioned along US Highway 77 in San Benito, the location offers straightforward regional connectivity for residents and employers. At the neighborhood level, occupancy trends are competitive among Brownsville–Harlingen neighborhoods, which supports day‑to‑day leasing stability rather than episodic lease‑up risk.
Amenity access is mixed: cafes and grocery options rank competitive among 133 metro neighborhoods and sit above national medians, while restaurants track similarly. However, park and pharmacy counts are limited within the immediate neighborhood, so resident convenience leans more on retail corridors and roadway access than on neighborhood green space.
Renter‑occupied housing accounts for a sizable share of units in the neighborhood (top decile nationally), a positive signal for multifamily demand depth and renewal probability. School ratings trail metro and national norms, which may tilt the resident profile toward workforce renters prioritizing commute access and value over school‑district positioning.
Demographic statistics aggregated within a 3‑mile radius show recent population and household growth, with households expanding faster than population—pointing to smaller average household sizes and a larger renter pool over time. Forward‑looking projections continue to indicate growth in households through the next five years, supporting occupancy stability and ongoing demand for rental units.
Ownership costs are comparatively low for the region (home values track well below national medians), which can create some competition from entry‑level ownership. Even so, neighborhood rents relative to incomes signal pockets of affordability pressure for renters; this argues for vigilant lease management and steady value delivery to sustain retention and pricing.
Comparable safety insights at the neighborhood level are not available in this dataset. Investors typically benchmark neighborhood trends against city and metro crime data to contextualize risk and to calibrate operating practices (lighting, access control, and community engagement) accordingly.
A practical approach is to compare the neighborhood s recent trend versus Brownsville–Harlingen overall, then underwrite operating expenses and loss assumptions using metro‑level comps when neighborhood‑specific metrics are limited.
- Dish Network a0 — corporate offices (3.3 miles)
- United Parcel Service a0— logistics & parcel distribution (34.3 miles)
- R R Donnelley & Sons a0— printing & business services (38.2 miles)
This 116‑unit asset benefits from a neighborhood with competitive occupancy within the Brownsville–Harlingen metro and an above‑average renter concentration, reinforcing depth of the tenant base and day‑to‑day leasing stability. According to CRE market data from WDSuite, local amenities skew toward retail and food access, while limited parks and pharmacies suggest residents rely on corridor retail and highway mobility—factors that align with workforce housing demand.
Within a 3‑mile radius, recent growth in population and a faster increase in households point to a larger renter pool ahead, which supports occupancy and renewal outcomes. Affordability dynamics are mixed: ownership remains relatively accessible in this market, potentially competing with rentals, while rent‑to‑income metrics indicate some affordability pressure for renters—calling for disciplined lease management and resident retention strategies.
- Competitive neighborhood occupancy within the metro supports stable leasing and renewals.
- Elevated renter concentration indicates a deeper tenant base and demand durability.
- 3‑mile household growth and projected increases expand the future renter pool and aid occupancy stability.
- Corridor retail and highway access fit workforce renter preferences for convenience and commute efficiency.
- Risks: accessible ownership options may compete with rentals, and affordability pressures warrant vigilant lease and expense management.