| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 51st | Good |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 N State Highway 121, Bonham, TX, 75418, US |
| Region / Metro | Bonham |
| Year of Construction | 1995 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1301 N State Highway 121, Bonham TX Multifamily Opportunity
Steady renter demand at the neighborhood level and a moderate rent-to-income profile point to durable leasing fundamentals, according to WDSuite’s CRE market data. Positioning centers on occupancy stability with room for value-add improvements to compete locally.
Located in Bonham’s rural fabric, the property benefits from practical essentials nearby—grocery and pharmacy access are present at the neighborhood level—while cafés and parks are limited. For investors, this mix supports everyday convenience but suggests amenities are a secondary draw versus value and functionality.
Neighborhood occupancy trends sit below the national median, indicating that leasing performance will be driven by property execution and pricing discipline rather than spillover demand. Median contract rents in the neighborhood are on the lower side versus national benchmarks, which can support retention and measured rent growth as quality improves.
The construction year is 1995, a bit older than the neighborhood’s average vintage. That age profile typically calls for targeted capital planning—systems, exteriors, and common areas—while offering value-add potential to differentiate against slightly newer stock.
Within a 3-mile radius, demographics point to a larger tenant base ahead: recent population growth is modest, but projections indicate notable increases in households over the next five years, expanding the renter pool and supporting occupancy stability. Renter-occupied share within 3 miles hovers around four in ten units, signaling a meaningful base of multifamily demand without over-reliance on any one tenant segment. Home values in the area are more accessible than major metros, which can introduce some competition from ownership; however, a moderate rent-to-income profile suggests pricing power is manageable with prudent lease management.
Safety indicators are mixed in context. Nationally, the neighborhood scores in stronger percentiles for overall safety, suggesting comparatively favorable conditions versus many U.S. neighborhoods. At the metro level (1 of 21), however, the crime rank indicates room for improvement relative to nearby areas, so investors should underwrite with conservative assumptions and property-level security practices.
Trend signals diverge by category: property-related offenses show recent improvement, while violent offense indicators have moved less favorably year over year. Taken together, the profile supports a balanced, monitoring-oriented stance—appropriate lighting, access controls, and resident engagement can help sustain leasing and retention performance.
Regional employment is anchored by defense/aerospace and telecom infrastructure within commuting range, which can support workforce housing demand and lease retention for properties positioned to capture longer commutes. The nearby employers listed below align with this base.
- Raytheon Company — defense & aerospace (36.8 miles)
- AT&T Datacenter — telecommunications infrastructure (44.2 miles)
This 56-unit asset built in 1995 offers a value-focused entry point in a rural Texas location where neighborhood rents are comparatively modest and the 3-mile area shows projected growth in households, supporting renter pool expansion. According to CRE market data from WDSuite, neighborhood occupancy sits below national medians, so execution and targeted upgrades will be key to capture demand and support stable cash flow.
Vintage suggests selective capital investment—mechanicals, exteriors, and interiors—to enhance competitive positioning against slightly newer stock. A moderate rent-to-income profile supports retention and measured rent growth, while limited lifestyle amenities in the immediate area place greater emphasis on onsite quality, management, and workforce-oriented positioning.
- Household growth within 3 miles points to a larger tenant base and supports occupancy stability over time.
- Moderate rent-to-income dynamics support retention and disciplined rent growth with improved unit quality.
- 1995 vintage offers value-add potential through targeted systems, exterior, and interior updates.
- Workforce demand draw from regional employers within commuting range can aid lease-up and renewal consistency.
- Risk: neighborhood occupancy below national median and mixed safety trends warrant conservative underwriting and active asset management.