| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 49th | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 804 N Taylor Rd, Mission, TX, 78572, US |
| Region / Metro | Mission |
| Year of Construction | 2006 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
804 N Taylor Rd Mission Multifamily with Stable Renter Base
Renter-occupied housing is elevated for the metro, supporting steady leasing fundamentals according to WDSuite’s CRE market data. Nearby daily conveniences and schools add depth to demand and can aid retention.
The property sits in a suburban pocket of Mission that rates A overall and ranks 17th among 205 metro neighborhoods, placing it in the top quartile locally for livability and investment fundamentals. Dining and daily-needs access are notable strengths, with restaurants and cafes measured at high densities (95th percentile nationwide), reinforcing convenience-driven tenant appeal.
Schools in the neighborhood average 4.0 out of 5 and rank 7th of 205, which is competitive among McAllen-Edinburg-Mission neighborhoods and in the 84th percentile nationwide. Strong school quality can support family-oriented renter demand and longer tenancy durations.
The share of renter-occupied housing is comparatively high versus the metro (ranked 29th of 205 and 85th percentile nationally), indicating a deeper tenant base and consistent multifamily demand. Neighborhood occupancy is above the metro median (ranked 93rd of 205), suggesting balanced leasing conditions without overstretching pricing power.
Within a 3-mile radius, recent data show a modest population dip over the past five years alongside a slight increase in households, implying smaller average household sizes and a nuanced demand mix. Forecasts to 2028 point to population growth and a sizeable increase in households, which would expand the renter pool and support occupancy stability; investors should monitor whether projected household formation translates into sustained leasing velocity. Median contract rents in the 3-mile area start from a low base and are projected to rise, which, combined with neutral rent-to-income metrics, suggests manageable affordability pressure for lease management. This context supports a pragmatic commercial real estate analysis of demand durability.
Home values in the neighborhood context read as a high-access ownership market, which can introduce some competition with rental options at certain price points. Park access scores low locally, so onsite or nearby private amenities may be important to sustain renter appeal and retention.
Vintage considerations: built in 2006, the asset is newer than the neighborhood average (2001). That relative youth can help competitive positioning versus older stock, while still warranting targeted capital planning for aging systems and selective modernization to meet current renter expectations.
Comparable crime trend data for this neighborhood are not available in WDSuite at this time. Investors typically benchmark submarket safety using metro and citywide context; where data are limited, a prudent approach is to pair on-the-ground diligence with regional statistics to assess tenant retention and operating risk.
Proximity to regional employers supports commute convenience and helps sustain workforce renter demand. Nearby corporate offices include logistics and business services reflected below.
- R R Donnelley & Sons — business services (4.3 miles)
- United Parcel Service — logistics (4.7 miles)
- Dish Network — telecommunications (37.9 miles)
This 40-unit 2006-vintage asset benefits from a renter-heavy neighborhood profile and strong daily-needs access, supporting durable occupancy and practical rent growth management. Schools score well locally and nationally, reinforcing family renter appeal, while restaurants and grocery density provide day-to-day convenience that can aid retention. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share sits well above national norms, a positive indicator for tenant base depth.
Forward-looking household growth within a 3-mile radius points to a larger renter pool and supports leasing stability, though a high-access ownership landscape may introduce competition at certain rent tiers. With parks limited locally, enhancing or emphasizing property amenities can help sustain demand. The 2006 vintage offers relative competitiveness versus older stock, while still calling for targeted system updates and selective value-add to meet current expectations.
- Renter-heavy neighborhood and above-median occupancy support stable leasing
- Strong schools and high amenity access bolster retention potential
- 3-mile household growth outlook expands the tenant base and supports pricing power
- 2006 vintage offers competitive positioning with targeted modernization upside
- Risks: accessible ownership options and limited park access may temper rent growth