| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 44th | Fair |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Morningside Dr, Whitesboro, TX, 76273, US |
| Region / Metro | Whitesboro |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Morningside Dr, Whitesboro TX Multifamily Investment
Neighborhood occupancy is strong and renter demand is steady for workforce housing in suburban Grayson County, according to WDSuite s commercial real estate analysis. This location offers small-unit efficiencies that can compete on price point while benefiting from regional growth spillovers.
The property sits in a suburban neighborhood rated A and ranked 6 out of 50 within the Sherman Denison metro, placing it in the top quartile locally. Neighborhood occupancy is 96.9%, also top quartile among 50 metro neighborhoods, signaling stable leasing conditions and relatively low turnover risk for comparable assets, per WDSuite s CRE market data.
Construction in the area averages 1984. With a 1980 vintage, this asset is slightly older than nearby stock, which points to potential value-add through targeted renovations and systems upgrades to enhance competitiveness versus newer alternatives.
Within a 3-mile radius, recent years show a small population dip even as households increased, indicating smaller household sizes and a modest widening of the renter pool. Forward-looking data points to growth: households are projected to rise meaningfully by 2028, supporting a larger tenant base and occupancy stability. Median asking rents in the neighborhood sit around the metro middle today and are projected to grow, an insight investors can validate through multifamily property research from WDSuite.
Local amenity access is serviceable for a suburban location: grocery and park/pharmacy availability rank above the metro median, while cafes and restaurants track near national midpoints. Average school ratings are near national medians, which can help retention for family renters, although school quality is not a primary driver of demand at efficiency-unit properties like this.
Comparable crime metrics for this neighborhood are not available in the current release. Investors typically benchmark safety using city and county trend reports and on-the-ground diligence to understand how conditions compare with Sherman Denison metro norms over time.
Regional employment is anchored by large corporate offices within commuting reach, which supports renter demand for workforce housing tied to professional services, retail headquarters, and aerospace/defense roles. The list below highlights nearby employers that influence leasing stability for this submarket.
- Raytheon Company defense & aerospace offices (34.1 miles)
- Alliance Data Systems marketing & financial services (40.0 miles) HQ
- J.C. Penney retail headquarters (40.0 miles) HQ
- Yum China Holdings restaurant management (40.4 miles) HQ
- Dr Pepper Snapple Group beverages (40.6 miles) HQ
This 24-unit, 1980-vintage asset offers small-space affordability in a suburban A-rated neighborhood that ranks in the top quartile within the Sherman Denison metro. Neighborhood occupancy runs high versus metro peers, indicating durable tenant demand and a supportive backdrop for lease-up and retention, according to CRE market data from WDSuite. Relative to the area s early-1980s average vintage, selective renovations and modernization can unlock value and strengthen competitive positioning.
Within a 3-mile radius, households have grown despite a modest population dip, and projections indicate continued increases through 2028 a setup that expands the renter base and supports occupancy stability. Ownership costs in the neighborhood are moderate by national standards, which can introduce some competition with for-sale housing; however, efficient floor plans and value pricing can maintain an edge with cost-conscious renters.
- Top-quartile neighborhood and strong local occupancy support stable leasing
- 1980 vintage presents value-add potential via targeted renovations
- Household growth within 3 miles expands the tenant base through 2028
- Efficient units can compete on price against moderate-cost ownership options
- Risk: major employers are commuter-distance away, requiring regional demand capture