| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 49th | Fair |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 949 S Lillian St, Stephenville, TX, 76401, US |
| Region / Metro | Stephenville |
| Year of Construction | 1976 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
949 S Lillian St, Stephenville Multifamily Investment
Renter demand is reinforced by a high renter-occupied share and steady neighborhood occupancy, according to WDSuite’s CRE market data. Positioned for durable cash flow in an Inner Suburb setting with stable lease-up dynamics.
This Inner Suburb neighborhood is an A-rated submarket and ranks 3rd out of 19 Stephenville neighborhoods, placing it in the top quartile among metro peers. Neighborhood occupancy is in the mid-80% range and has trended upward over the past five years, suggesting resilient leasing conditions and manageable turnover risk, based on commercial real estate analysis from WDSuite.
Renter-occupied housing accounts for roughly half of units, with renter concentration in the top decile nationally. That depth of the tenant base supports demand stability for multifamily assets and helps underpin renewal rates, particularly for properties positioned near daily needs and campus-oriented activity.
Local amenities are mixed: restaurants and parks are competitive for a smaller metro (both above national midpoints), while cafes and pharmacies are limited within the neighborhood. Childcare access scores strongly relative to peers (top quartile locally), and grocery access sits near the metro median. For investors, this mix points to everyday convenience with some discretionary retail gaps that may temper premiums but not core demand.
Within a 3-mile radius, population has grown modestly while household counts have expanded at a faster pace and are projected to increase further through 2028. Smaller average household sizes and a larger 18–34 cohort indicate a broad renter pool, which can support occupancy stability. Neighborhood rents have risen over the last five years yet remain relatively accessible for the area, and elevated ownership costs relative to incomes (higher value-to-income ratios versus many U.S. neighborhoods) tend to sustain reliance on rental housing—supporting retention and pricing power at attainable rent levels.
Neighborhood-level safety metrics are not published for this area in WDSuite’s current release. Investors typically benchmark property security and police-report trends against city and county data, then validate on-site through management records and insurer guidance to gauge risk and appropriate mitigation measures.
WDSuite does not list nearby anchor employers with reliable distance data for this address in the current release. Investors commonly underwrite demand here to a mix of education, healthcare, retail, and local services employment that supports workforce housing and short commutes.
This 55-unit asset sits in a top-quartile Stephenville neighborhood with a deep renter base and steady occupancy, supporting predictable leasing. According to CRE market data from WDSuite, rents have increased over recent years while remaining attainable for the market, and ownership remains relatively high-cost versus local incomes—factors that reinforce renter reliance and retention for well-managed properties.
Household growth within a 3-mile radius is outpacing population growth and is projected to continue through 2028, expanding the renter pool and supporting stabilized occupancy. Amenity access favors daily needs over discretionary retail, which can support steady absorption without relying on premium lifestyle demand. Key underwriting considerations include income sensitivity and selective amenity gaps that may limit top-end rent premiums but not core demand.
- Top-quartile neighborhood within Stephenville supports leasing durability
- Strong renter concentration provides depth of tenant demand
- Attainable rents and higher ownership costs bolster retention and occupancy
- Household growth within 3 miles expands the addressable renter pool
- Risks: income sensitivity and limited discretionary amenities may cap premium rents