| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 27th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2600 Santa Cruz Ln, Odessa, TX, 79763, US |
| Region / Metro | Odessa |
| Year of Construction | 1982 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2600 Santa Cruz Ln Odessa Multifamily Investment
Neighborhood occupancy is stable and amenity access is strong, according to WDSuite’s CRE market data, supporting consistent renter demand at the submarket level. Metrics cited are measured for the neighborhood, not the property.
Rated A and ranked 5th of 39 Odessa neighborhoods, this Inner Suburb location is competitive within the metro and sits in the top quartile among 39 metro neighborhoods. The amenity mix is a clear strength: cafes and grocery options rank 1st of 39 locally and fall in the top quartile nationally, with pharmacies and parks also testing well versus national benchmarks. These day-to-day conveniences help support renter retention and leasing velocity.
Neighborhood rents benchmark below national medians (neighborhood rent level sits in the 39th national percentile), while the rent-to-income ratio measures around the 71st national percentile, indicating comparatively manageable rent burdens for local households. For investors, that affordability profile can translate into steadier renewals and fewer income-related lease-offs, even if headline rent growth is measured.
Ownership costs are relatively accessible in this neighborhood by national context, which can introduce some competition with for-sale housing; however, the broader 3-mile radius shows a renter-occupied share of housing units near 39%, indicating a sizable tenant base for multifamily. Neighborhood occupancy is measured at 90.2% and has improved over the last five years, which supports a case for operational stability at the neighborhood level.
Within a 3-mile radius, demographic data show recent population contraction with household counts roughly flat and projections indicating smaller household sizes ahead. For multifamily, a shift toward smaller households can sustain demand for rental units even if population growth is subdued, helping support occupancy stability over the medium term.
School quality lags national norms (average school ratings sit below the national median), which may modestly constrain appeal for family-oriented renters relative to stronger school districts. Still, the location’s everyday amenities and commuting convenience within Odessa balance the profile for workforce housing demand.
Safety indicators are mixed but trending better. The neighborhood’s safety profile sits around the national middle of the pack overall (crime measures near the 44th national percentile), with violent and property offense metrics below national medians. Importantly, estimated violent and property offense rates declined over the past year, which is a constructive directional signal for operators watching retention and marketing costs.
Within the Odessa metro, the neighborhood’s crime rank is around the middle (19th of 39 neighborhoods), indicating conditions that are broadly comparable to the metro median. As always, investors should underwrite security line items to property specifics and monitor trendlines rather than relying on block-level assumptions.
This 97-unit asset benefits from a fundamentally convenient Odessa location where neighborhood occupancy is around 90% and rising, and everyday amenities score well against both metro peers and national benchmarks. Rents sit below national medians while rent-to-income favors tenant retention, supporting a steady renter base and manageable delinquency risk. According to CRE market data from WDSuite, the neighborhood’s recent safety trend has improved, and the local renter pool remains meaningful within a 3-mile radius, even as population growth is muted.
The investment case centers on durable workforce demand, service-oriented amenities, and an affordability position that supports lease stability. Offsetting factors to underwrite include softer school ratings and relatively accessible ownership options that can create competition for some cohorts; however, these are balanced by the area’s convenience and stable neighborhood-level occupancy.
- Amenity-rich Odessa location with top-quartile national access to groceries, cafes, and daily services
- Neighborhood occupancy around 90% with positive five-year trend supports operating stability
- Rents below national medians and favorable rent-to-income profile bolster renewals and retention
- 3-mile renter concentration provides a sizable tenant base despite modest population growth
- Risks: below-median school ratings and accessible ownership may temper demand from some segments