| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 N Interstate Highway 45, Ennis, TX, 75119, US |
| Region / Metro | Ennis |
| Year of Construction | 1985 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
901 N Interstate Highway 45, Ennis TX Multifamily Outlook
Neighborhood occupancy is above the Dallas metro median with a solid renter base, according to WDSuite’s CRE market data, suggesting steady tenant demand for a 1985 vintage asset near Interstate 45. Pricing sits near national norms while a moderate rent-to-income profile supports lease retention.
This Inner Suburb pocket of Ennis offers practical livability for workforce renters. Cafes and restaurants index well — the neighborhood sits in the top quartile nationally for cafes and around the upper third for restaurants and groceries — while park access is likewise competitive. Childcare and pharmacy options are limited, so residents often rely on services a short drive away. These dynamics typically favor car-reliant renters but still provide day-to-day convenience.
For investors, neighborhood occupancy is above the metro median (rank 553 among 1,108 Dallas–Plano–Irving neighborhoods), indicating stable leasing conditions relative to peers. The renter-occupied share is competitive among Dallas neighborhoods (rank 391 of 1,108; top quartile nationally), which broadens the tenant base and supports ongoing demand for multifamily units. Median contract rents track close to national norms with notable five-year growth, reinforcing revenue potential without leaning on premium pricing.
Home values sit near the national midpoint, which means ownership is not a high-cost outlier locally; this can create some competition with entry-level ownership but also supports lease retention when paired with a moderate rent-to-income ratio. Construction stock in the area averages 1982; a 1985 asset is slightly newer than the neighborhood norm, offering a modest competitive edge versus older inventory, while still warranting selective capital planning for aging systems or value-add repositioning.
Within a 3-mile radius, recent data show softer population trends but a forward-looking increase in households alongside a smaller average household size by 2028. That combination points to more households in the market and a potentially larger renter pool, which can support occupancy stability if delivered product aligns with workforce budgets and unit mix preferences, based on WDSuite’s commercial real estate analysis.
Neighborhood-level crime metrics are not available for this location in WDSuite’s dataset at this time. Investors typically benchmark conditions against city and county trends and review multi-year patterns rather than single-period snapshots to gauge resident retention and leasing risk.
Given the absence of a comparable rank among the 1,108 Dallas–Plano–Irving neighborhoods, a prudent approach is to combine publicly available city/county reports with property-level measures (lighting, access control, and visibility) when underwriting renewals and marketing.
Regional employment is anchored by large corporate offices within commuting distance, supporting renter demand through diverse white-collar and services roles. Notable nearby employers include State Farm Insurance, AT&T, Jacobs Engineering, Builders FirstSource, and Tenet Healthcare.
- State Farm Insurance — insurance (29.8 miles)
- AT&T — telecom (32.1 miles) — HQ
- Jacobs Engineering Group — engineering (32.4 miles) — HQ
- Builders Firstsource — building materials (32.4 miles) — HQ
- Tenet Healthcare — healthcare services (32.5 miles) — HQ
A 1985, 105-unit property near I‑45 benefits from neighborhood occupancy above the Dallas metro median and a renter-occupied housing share that is competitive among local neighborhoods. Rents align near national norms, and the neighborhood’s moderate rent-to-income profile supports retention. According to commercial real estate analysis from WDSuite, the 3-mile area shows a projected increase in households and smaller household sizes by 2028, which can expand the renter pool if units are positioned to meet workforce budgets. Slightly newer-than-average vintage versus nearby stock offers a small competitive edge, with targeted capex likely to enhance performance.
Key considerations include limited nearby childcare and pharmacy options, potential competition from accessible ownership, and capital planning for aging systems typical of 1980s construction. Underwriting that emphasizes workforce affordability and unit efficiency should align with neighborhood demand fundamentals.
- Above-metro neighborhood occupancy and competitive renter concentration support demand stability
- Rents near national norms with moderate rent-to-income profile bolster retention
- 1985 vintage is slightly newer than local average, enabling targeted value-add and modernization
- 3-mile outlook shows more households and smaller household size by 2028, expanding the renter pool
- Risks: amenity gaps (childcare/pharmacy), ownership competition, and aging systems warrant careful underwriting