| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 37th | Poor |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 311 N Collins Fwy, Howe, TX, 75459, US |
| Region / Metro | Howe |
| Year of Construction | 1982 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
311 N Collins Fwy, Howe TX Multifamily Investment Opportunity
Neighborhood occupancy is steady at the area level and rents have trended upward, according to WDSuite s CRE market data, pointing to durable renter demand for compact units in this suburban pocket of the Sherman Denison metro.
This suburban neighborhood in the Sherman Denison metro skews family-oriented with larger average household sizes and a renter occupied share around two fifths, supporting a meaningful tenant base for small format apartments. Within a 3 mile radius, population and household counts have expanded over the last five years, and projections point to additional growth by 2028 factors that typically support leasing velocity and occupancy stability for multifamily.
School quality stands out: the neighborhood s average rating sits in the top quartile nationally and ranks in the top decile among 50 metro neighborhoods. For investors, stronger schools can enhance location stickiness and retention for family households, especially when paired with a rent to income profile that remains manageable at the neighborhood level.
Retail and service density is limited nearby, with few cafes, groceries, parks, or pharmacies within close range. While this can temper walkability and some lifestyle appeal, it also aligns the area with workforce housing dynamics where value and commute convenience matter more than amenity clusters. Childcare access is comparatively better positioned within the metro, offering a practical support for working households.
The neighborhood s median home values are elevated relative to many U.S. areas, which can reinforce renter reliance on multifamily housing. At the same time, the neighborhood s occupancy level sits below the metro median, so asset performance may hinge on maintaining competitive finishes and pricing to capture demand as new households form. These observations are based on commercial real estate analysis from WDSuite at the neighborhood level, not the property.
Comparable, property specific crime data is not available from WDSuite for this neighborhood. Investors typically benchmark neighborhood safety by reviewing city and county reports and comparing trends to metro averages over time. Given the suburban context, focus on multi year directionality and proximity to public services rather than block level anecdotes.
Regional employers within commuting range support a stable workforce renter pool, led by defense, data infrastructure, and corporate headquarters that can bolster leasing fundamentals for workforce oriented properties. The list below reflects key nodes likely to influence commuting patterns.
- Raytheon Company defense & aerospace offices (20.3 miles)
- AT&T Datacenter data center (28.8 miles)
- Raytheon Company defense & aerospace offices (30.9 miles)
- Dr Pepper Snapple Group beverages (31.8 miles) HQ
- Alliance Data Systems financial services (31.8 miles) HQ
311 N Collins Fwy is a 27 unit property with compact average unit sizes, aligning with value oriented renter demand in a suburban location. Within a 3 mile radius, population and household growth over the past five years with further expansion projected by 2028 point to a larger tenant base that can support occupancy and leasing depth. Elevated neighborhood home values relative to incomes help sustain demand for rentals, while a moderate rent to income profile suggests room to manage pricing without overextending retention risk.
Based on CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, so execution will rely on competitive pricing, light value add, and operational focus. Limited nearby retail amenities present a positioning consideration, but proximity to regional employment nodes and stronger than average schools can offset with family and workforce renter appeal.
- Compact units align with value oriented demand and support leasing velocity
- Growing 3 mile population and households expand the renter pool and support occupancy
- Elevated ownership costs in the area reinforce reliance on multifamily rentals
- Proximity to regional employers underpins workforce housing demand
- Risks: below median neighborhood occupancy and limited amenity density require competitive pricing and active management