| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 31st | Poor |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2491 Country View Ln, McKinney, TX, 75069, US |
| Region / Metro | McKinney |
| Year of Construction | 2003 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2491 Country View Ln McKinney Multifamily Investment
According to WDSuite’s CRE market data, neighborhood occupancy trends sit around the national mid-range, while a high share of renter-occupied housing supports a deeper tenant base and steadier leasing.
This inner-suburb location in McKinney offers day-to-day convenience with a moderate mix of groceries, cafes, and restaurants nearby, though park and pharmacy access is limited within the immediate neighborhood. School ratings trend below the national average, which can influence unit mix positioning and marketing. The neighborhood’s overall standing is mid-pack within the Dallas–Plano–Irving metro (ranked 743 of 1,108), pointing to balanced but competitive fundamentals.
The property’s 2003 vintage is newer than the neighborhood’s average construction year of 1993. For investors, this typically implies more competitive finishes and systems relative to older stock, while still planning for selective modernization to meet today’s renter expectations.
Renter-occupied housing represents a high share of neighborhood units (ranked 232 of 1,108; top quartile nationally), signaling a sizable multifamily renter pool and demand depth. Neighborhood occupancy is around the national mid-range (55th percentile), which supports baseline stability but still rewards hands-on leasing and renewals management to maintain performance.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding through 2028, indicating a larger tenant base ahead. Household sizes are expected to trend lower, which can favor smaller floor plans and steady absorption of efficient units. Median contract rents in the 3-mile area have risen and are forecast to increase further, reinforcing pricing power where properties maintain competitive finishes and management efficiency, based on CRE market data from WDSuite.
Home values in the neighborhood are moderate for the region, and the local rent-to-income profile indicates manageable affordability pressure relative to many high-cost metros. For investors, this combination can support lease retention and steady renewal capture, while still requiring attention to value, service quality, and expense controls.
Neighborhood safety indicators are below both metro and national averages. The area ranks 895 out of 1,108 Dallas–Plano–Irving neighborhoods, and sits in lower national percentiles for safety (around the 21st percentile), indicating comparatively higher crime exposure than many U.S. neighborhoods. Recent data also point to an uptick in reported incidents. Investors typically address this with property-level security measures, lighting, and resident engagement, and by emphasizing unit-level and common-area safety features during leasing.
- Raytheon Company — defense & aerospace offices (3.9 miles)
- AT&T Datacenter — data center operations (5.7 miles)
- Dr Pepper Snapple Group — beverages (11.9 miles) — HQ
- Hewlett Packard Enterprise — technology (12.6 miles)
- Alliance Data Systems — financial services (12.8 miles) — HQ
Nearby employers span defense, data infrastructure, technology, beverages, and financial services, supporting a broad-based workforce and commute convenience that can aid tenant retention and leasing stability.
This 2003-vintage, 100-unit asset is positioned in a renter-heavy neighborhood where occupancy trends are around the national mid-range and the share of renter-occupied housing is high. Within a 3-mile radius, population and household growth—paired with diversified employment nearby—supports a larger tenant base and stable absorption potential. According to commercial real estate analysis from WDSuite, moderate ownership costs in the neighborhood context help sustain reliance on rental options, reinforcing baseline demand for well-operated multifamily assets.
Relative to older local stock, the vintage provides competitive positioning while leaving room for targeted value-add (interiors, amenities, energy efficiencies) to capture rent premiums and retention. Investors should underwrite to active leasing management and prudent security investments given below-average safety metrics, while leveraging the area’s employer base and renter concentration to support steady performance.
- Renter-heavy neighborhood supports deeper tenant pool and steady leasing
- 2003 vintage outcompetes older stock with selective modernization upside
- 3-mile demographics point to ongoing renter pool expansion and absorption
- Proximity to diverse employers underpins demand and retention
- Risk: below-average safety metrics call for security-focused operations and underwriting