| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 31st | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2411 Fm 281, Dalhart, TX, 79022, US |
| Region / Metro | Dalhart |
| Year of Construction | 2012 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2411 FM 281 Dalhart Multifamily — 2012 Construction
Neighborhood occupancy near 95% supports stable leasing in this rural pocket of Dalhart, according to WDSuite’s CRE market data, with renter demand reinforced by moderate rent-to-income levels.
Dalhart’s rural neighborhood setting (rated C+) shows steady rental fundamentals: the neighborhood occupancy rate is 95.1% and has trended higher over the past five years. These metrics reflect neighborhood conditions, not the property, and indicate a backdrop conducive to stable collections and reduced turnover risk based on CRE market data from WDSuite.
Within the Dalhart metro’s 2 neighborhoods, this area ranks 1 of 2 on several housing measures, including occupancy and median contract rent, and sits in the 72nd national percentile for occupancy. Rents have risen over five years from a modest base ($1,117 median), suggesting room for continued pricing while preserving retention given a rent-to-income ratio around 0.14. The renter-occupied share is 22.9% of housing units, signaling a smaller renter pool but one that can support steady demand in a workforce-oriented market.
Demographic statistics are aggregated within a 3-mile radius: population has inched up over five years while average household size declined, and housing units per person increased. For investors, this combination typically points to incremental household formation and a broader tenant base relative to population, which can support occupancy stability even in a small market.
Local amenity density is limited (consistent with a rural setting), and the average school rating (1.5/5) trails national norms. Median home values (~$232K) and a value-to-income ratio near 3.0 indicate a comparatively accessible ownership market, which can create some competition with rentals. That said, moderate ownership costs alongside stable incomes (median ~$77K) can also support lease retention when rents remain aligned with incomes.
Comparable neighborhood crime statistics are not available in WDSuite for this location. Investors commonly benchmark safety using county and metro trend data, property-level incident history, and lender/insurance screens to contextualize risk. Given the rural profile, underwriting should include a review of multi-year trends rather than single-period snapshots.
Built in 2012, the asset offers relatively modern construction for Dalhart, positioning it competitively against older local stock while still allowing for targeted upgrades over time. The neighborhood’s 95.1% occupancy and positive five-year trajectory point to durable leasing conditions, and rent-to-income levels suggest manageable affordability pressure that supports tenant retention.
Demand is supported by gradual population gains within a 3-mile radius, smaller household sizes, and more housing units per person, which together expand the renter pool. According to CRE market data from WDSuite, the neighborhood ranks 1 of 2 within the Dalhart metro on several housing indicators, helping frame expectations for occupancy resilience. Key considerations include limited amenity density, below-average school ratings, and small-market liquidity risk, all of which warrant prudent underwriting and asset management.
- 2012 vintage offers competitive positioning with potential for selective value-add
- Neighborhood occupancy of 95.1% supports stable rent rolls (neighborhood metric, not property)
- Rent-to-income levels imply retention-friendly affordability and measured pricing power
- Gradual population growth and smaller household sizes expand the local renter base
- Risks: limited amenities, lower school ratings, and small-market liquidity