| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 54th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Wilson Creek Pkwy, McKinney, TX, 75069, US |
| Region / Metro | McKinney |
| Year of Construction | 1997 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Wilson Creek Pkwy McKinney Multifamily Investment
Neighborhood renter demand is supported by a high renter-occupied share and a high-cost ownership market, according to WDSuite’s commercial real estate analysis. Investors should view this as a steady leasing backdrop with room for operational upside at the asset level.
Positioned in McKinney’s Inner Suburb, the property benefits from a balanced mix of daily needs and dining options. The neighborhood ranks in the top quartile among 1,108 Dallas–Plano–Irving neighborhoods for overall amenities, with grocery and restaurant density comparing favorably to national norms. Average school ratings sit near the national midpoint, suggesting competitive—not premium—education fundamentals for workforce-oriented renters.
Investment demand signals are constructive. Neighborhood occupancy is measured at the neighborhood level, not the property, and has been stable near recent levels with a slight uptick over the past five years, per WDSuite. Renter-occupied housing accounts for a high share of units locally (top decile nationally), indicating a deep tenant base that can support leasing velocity and reduce downtime between turns.
Within a 3-mile radius, population and household counts have grown over the past five years, with projections calling for further household expansion through the next period. This trajectory points to a larger tenant base and supports occupancy stability. Median incomes in the area have risen, while rent-to-income ratios track below national norms, a combination that can aid retention and provide room for measured rent steps where quality and management justify it.
Ownership costs are elevated relative to incomes (high national percentile for value-to-income), which tends to reinforce reliance on rental housing. For investors, that translates into consistent renter demand even as new supply ebbs and flows across the metro. The property’s 1997 vintage compares newer than the neighborhood’s older housing stock, which can be a competitive advantage versus legacy assets while still leaving scope for targeted renovations to modernize finishes and systems.
Safety conditions should be evaluated in a metro and national context. The neighborhood’s crime rank sits below the metro median (ranked 739 out of 1,108 Dallas–Plano–Irving neighborhoods), and national percentiles indicate safety levels below the national midpoint. Violent and property offense measures track in lower national percentiles, so underwriting should incorporate prudent security, lighting, and management practices common to workforce assets.
Trends are mixed: recent estimates show a modest year-over-year decrease in violent incidents alongside an increase in property offenses. For investors, this argues for realistic expense assumptions and asset-level measures that support resident comfort without overreliance on optimistic trend reversals.
Nearby corporate employment nodes support commute convenience and renter retention, including Raytheon Company, AT&T Datacenter, another Raytheon Company facility, Dr Pepper Snapple Group, and St Jude Medical.
- Raytheon Company — defense & aerospace offices (1.98 miles)
- AT&T Datacenter — datacenter operations (6.96 miles)
- Raytheon Company — defense & aerospace offices (9.13 miles)
- Dr Pepper Snapple Group — beverages CPG (12.44 miles) — HQ
- St Jude Medical — medical devices (12.52 miles)
This 39-unit, 1997-vintage asset offers a practical blend of demand depth and operational upside. The neighborhood shows stable occupancy at the neighborhood level, a high share of renter-occupied units, and household growth within 3 miles, all supportive of leasing durability. Elevated ownership costs relative to incomes reinforce renter reliance on multifamily, while rent-to-income metrics remain manageable—conditions that can support retention and steady rent steps tied to service quality and renovations.
According to CRE market data from WDSuite, amenity access is competitive within the Dallas–Plano–Irving metro, and neighborhood rents benchmark near the national upper mid-range. Relative to the area’s older housing stock, a 1997 build can compete well with legacy product, though selective capital improvements may be warranted to modernize interiors and address aging systems for long-term performance.
- Deep renter base: high renter-occupied share and neighborhood-level occupancy stability support leasing consistency.
- Demand tailwinds: 3-mile population and household growth point to a larger tenant pool and support for occupancy.
- Competitive positioning: 1997 vintage can out-compete older stock with targeted renovations and professional management.
- Pricing power potential: elevated ownership costs and manageable rent-to-income levels can aid retention and measured rent steps.
- Risks: safety metrics sit below national medians and property crime trends are mixed—underwrite security, insurance, and contingencies accordingly.