| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Fair |
| Demographics | 11th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 S Texas St, Hereford, TX, 79045, US |
| Region / Metro | Hereford |
| Year of Construction | 1991 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
301 S Texas St Hereford Multifamily Investment
Neighborhood renter concentration and daily-needs amenities point to a stable tenant base, according to WDSuite’s CRE market data. With accessible rents relative to incomes, the area supports steady leasing rather than outsized rent spikes.
Hereford’s inner-suburb location offers everyday convenience for residents: groceries, pharmacies, parks, and restaurants are within short reach. The neighborhood ranks first out of 7 metro neighborhoods for overall amenities and sits in the top quartile nationally for grocery, pharmacy, and cafe access, indicating practical support for day-to-day living.
For investors assessing multifamily demand, the neighborhood’s renter-occupied share is high relative to national peers, and it ranks first among 7 Hereford neighborhoods for renter concentration. That points to a deeper tenant pool and supports leasing continuity even when rent growth is modest.
Occupancy at the neighborhood level is mid-pack (ranked 4 of 7), with accessible median contract rents compared with national norms. Median home values are low relative to many U.S. neighborhoods, which can introduce some competition from ownership, but current rent-to-income levels suggest manageable affordability pressure that can aid retention rather than forcing rapid turnover.
Demographic statistics are aggregated within a 3-mile radius and show recent population softness but improving income trends over the last five years. Forward-looking projections indicate population growth and a larger household base alongside slightly smaller average household size—dynamics that can expand the renter pool and help support occupancy stability over time, based on CRE market data from WDSuite.
School quality is a relative weak spot, with the neighborhood’s average school rating positioned below most U.S. neighborhoods (15th percentile). Investors should account for this in their demand assumptions, marketing, and unit-mix positioning.
Safety signals are mixed. Within the Hereford metro, the neighborhood’s crime rank sits near the higher-crime end (2 out of 7), indicating it is less safe than many local peers. However, compared with neighborhoods nationwide, safety percentiles are relatively strong (violent and property offense indicators are in higher national percentiles), suggesting competitive standing at the national scale.
Recent year-over-year readings show increases in estimated offense rates, so investors should underwrite with conservative assumptions, emphasize lighting and access controls, and monitor trends over multiple periods rather than a single year. As always, focus on property-level measures and resident engagement to support retention and operating stability.
Regional employment access is anchored by utilities, offering steady industrial and operations roles that can support workforce housing demand. The list below highlights nearby employers relevant to local commuting patterns.
- Xcel Energy — utilities (37.3 miles)
This 50-unit property, built in 1991, fits a workforce housing profile supported by a renter-leaning neighborhood and daily-needs amenities. Neighborhood occupancy is mid-tier, and rents remain accessible relative to incomes, which can underpin steady leasing and retention. According to CRE market data from WDSuite, the area’s amenity positioning is competitive among local peers, while national context reflects stronger safety percentiles than the metro rank alone implies.
Vintage implies potential value-add through interior modernization and common-area upgrades, while 3-mile demographic projections point to population growth and a larger household base—factors that can expand the renter pool and support occupancy stability. Risks include softer school ratings, recent volatility in offense-rate measures, and some competition from low-cost ownership; these warrant prudent underwriting and active asset management.
- Renter concentration and everyday amenities support a durable tenant base
- Accessible rents versus incomes favor retention and steady leasing
- 1991 vintage offers value-add potential via targeted renovations
- National safety percentiles compare well despite a weaker metro rank
- Risks: below-average school ratings, recent offense-rate increases, and ownership competition