| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Good |
| Demographics | 14th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 107 Blundell St, Ranger, TX, 76470, US |
| Region / Metro | Ranger |
| Year of Construction | 1975 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
107 Blundell St Ranger TX Multifamily Investment
Neighborhood occupancy has improved in recent years and renter concentration ranks in the top quartile among 13 metro neighborhoods, supporting demand resilience according to WDSuite’s CRE market data.
Ranger is a rural pocket of Eastland County where day-to-day services are sparse, so residents rely on nearby towns for retail and amenities. For multifamily owners, this typically translates to value-oriented renter profiles and longer drive sheds, with leasing driven more by price and practicality than by lifestyle offerings.
The neighborhood’s occupancy is competitive among Eastland County’s 13 neighborhoods, though it trails national norms, suggesting steady local absorption but limited pricing power versus larger metros. Median rents remain low for the region, and the rent-to-income profile points to manageable affordability pressure, which can aid retention and reduce turnover risk.
Within a 3-mile radius, population has grown in recent years, expanding the renter pool even as household sizes have edged down. Renter-occupied housing accounts for a larger share than the national median, indicating a deeper tenant base for smaller assets and workforce-oriented product. Home values are comparatively low for Texas, which can introduce competition from entry-level ownership; however, this also supports demand for more accessible rental options among residents prioritizing flexibility.
Vintage in the area skews older than the subject property: the average neighborhood construction year is 1956. With a 1975 build, this asset is newer than much of the local stock, which can help competitive positioning; investors should still plan for targeted capital projects to modernize systems and finishes as part of a value-add or maintenance strategy.
Comparable, neighborhood-level crime benchmarks are not available in this dataset. Investors typically review county and state reporting to understand broader trends and pair that with property-level operations (lighting, access control, visibility) to support resident confidence. Given the rural context, safety perceptions often hinge on management presence and site design rather than block-to-block variation.
This 36-unit, 1975-vintage asset aligns with value-oriented demand in a rural Texas market where occupancy is competitive locally and renter concentration is above national norms. According to CRE market data from WDSuite, neighborhood occupancy has strengthened over the past few years, supporting a case for stable tenancy, while low rent levels relative to incomes can help sustain retention.
The property’s vintage is newer than much of the surrounding housing stock, offering an edge versus older comparables and a practical path for selective renovations to drive rent-to-quality alignment. Key considerations include limited nearby amenities and lower average school ratings, which may cap rent upside, as well as potential competition from low-cost ownership options.
- Strengthening neighborhood occupancy supports stable cash flow potential
- Renter concentration above national median indicates a deeper tenant base
- 1975 build is newer than local average, enabling targeted value-add
- Low rent levels vs. incomes can aid retention and reduce turnover
- Risks: sparse amenities and modest school ratings may limit pricing power; low-cost ownership can compete with rentals