| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 14th | Poor |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 633 Dindinger Rd, Socorro, TX, 79927, US |
| Region / Metro | Socorro |
| Year of Construction | 2002 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
633 Dindinger Rd Socorro, TX Multifamily Investment
Neighborhood occupancy trends are steady and above the metro median, supporting leasing stability for a 2002-vintage asset, according to WDSuite’s CRE market data. Within a 3-mile radius, household growth and rising incomes point to a broadening renter base that can sustain demand through typical cycles.
Located in suburban Socorro within the El Paso metro, the neighborhood posts an occupancy rate measured at the neighborhood level that is above the metro median and in the 64th percentile nationally, based on CRE market data from WDSuite. That backdrop supports stable tenancy, though the share of renter-occupied housing units is lower than many urban submarkets, which can modestly thin the immediate renter pool.
The property’s 2002 construction is newer than the neighborhood’s average vintage (1985). For investors, that typically translates to better competitive positioning versus older stock, while still planning for selective modernization or systems updates to support rentability and retention.
Local amenity access is serviceable: café density ranks in the top quartile among 189 El Paso neighborhoods, and grocery access is roughly around the metro middle. Parks and pharmacies are limited in the immediate area, so on-site features and unit finishes matter more for day-to-day convenience and lease appeal.
Within a 3-mile radius, population has inched higher, households have expanded meaningfully alongside smaller average household sizes, and median incomes have risen. This combination typically enlarges the tenant base and supports occupancy stability, while rent-to-income levels at the neighborhood scale indicate manageable affordability that can aid lease retention.
Home values in the neighborhood context are comparatively lower than national norms. For multifamily investors, more accessible ownership options can create some competition for price-sensitive renters, yet they also reinforce the role of well-maintained rentals as practical, predictable housing—especially as household counts continue to grow locally.
Safety indicators compare favorably at the national level, sitting above the national median according to WDSuite’s CRE market data. Recent estimates show year-over-year declines in both property and violent offense rates, a constructive trend for long-term operations and tenant retention.
Within the El Paso metro’s 189 neighborhoods, rankings suggest there is still room for improvement relative to some peers, even as national percentiles indicate comparatively better outcomes. Conditions can vary by block and over time, so investors typically validate on-the-ground patterns and focus on lighting, access control, and resident engagement to support portfolios.
Proximity to regional employers supports workforce housing demand and commute convenience for renters, with exposure to energy, mining, and financial services represented below.
- Freeport Mcmoran-El Paso — mining (11.5 miles)
- Western Refining — energy (15.5 miles) — HQ
- Charles Schwab — financial services (18.3 miles)
633 Dindinger Rd offers a 2002-vintage, small-scale multifamily asset positioned in a neighborhood where occupancy is around the mid‑90s and above the metro median—supportive for income stability. The asset’s newer vintage versus the area’s 1980s average can provide a competitive edge against older product, while targeted updates may further enhance leasing and retention. According to CRE market data from WDSuite, the broader 3‑mile area shows household growth with smaller household sizes and rising incomes—signals that typically expand the renter pool and sustain demand.
Affordability dynamics are a mixed but manageable factor: rent-to-income at the neighborhood level is moderate, which can help retention, yet lower home values imply some competition from entry-level ownership. Amenity access is adequate but not destination-grade, so execution hinges on property management, unit quality, and meeting workforce housing expectations.
- Newer 2002 vintage versus neighborhood average, offering competitive positioning against older stock
- Neighborhood occupancy above metro median supports income durability and leasing stability
- 3-mile household growth and rising incomes suggest a larger tenant base and sustained demand
- Workforce-accessible location with proximity to energy, mining, and financial services employers
- Risks: lower renter concentration locally and more accessible ownership options may temper pricing power; amenity gaps require strong on-site execution