| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 29th | Fair |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Outlet Dr, Hillsboro, TX, 76645, US |
| Region / Metro | Hillsboro |
| Year of Construction | 1999 |
| Units | 46 |
| Transaction Date | 2015-01-30 |
| Transaction Price | $4,150,000 |
| Buyer | Mt. Vernon Nursing Home, |
| Seller | Double Vision, LP |
110 Outlet Dr Hillsboro Multifamily Investment
Neighborhood occupancy has trended stable with signs of resilience, supporting leasing durability for a 46-unit asset, according to WDSuite’s CRE market data. Investors may find demand sustained by a defined renter base despite a lean local amenity mix.
This rural Hillsboro location offers straightforward access to everyday needs, though the immediate neighborhood scores low for retail and lifestyle density (few cafes, groceries, and parks). For investors, that typically tilts demand toward value and convenience rather than amenity-driven premiums, with leasing supported by local employment nodes and county services rather than destination retail.
According to WDSuite’s CRE market data, the neighborhood’s occupancy rate is competitive among Hill County neighborhoods (ranked 1 out of 19), and net operating income per unit also compares favorably within the county set (ranked 1 out of 19). While national percentiles are mid-range, the local standing suggests stability at the neighborhood level rather than outperformance driven by urban amenity depth.
Renter-occupied housing accounts for roughly one-third of units in the neighborhood, indicating a modest renter concentration that can still support a steady multifamily tenant base. Within a 3-mile radius, demographics reflect a small population base with modest growth, which typically points to stable but measured absorption rather than rapid lease-up velocity.
Ownership costs appear relatively accessible in this market (home values sit near local norms), which can introduce competition from single-family ownership. That context generally supports steady retention via value positioning and service quality rather than pricing power tied to urban scarcity. With a rent-to-income profile indicating limited affordability pressure, operators may focus on modest rent steps alongside tenant experience to preserve occupancy.
Neighborhood-level crime data is not available in WDSuite for this location, so comparative safety positioning versus other Hill County neighborhoods cannot be stated. Investors typically benchmark property risk using county and city trends, visibility and lighting, and on-site controls such as access management and resident engagement. As always, verify with current public records and local law enforcement summaries before underwriting.
Local employment is diversified across county services, retail, logistics, and small businesses within commuting distance, which generally supports workforce housing demand; however, WDSuite does not list nearby employers with verifiable distances for this address at this time.
Positioned in a rural Hillsboro neighborhood with competitive local occupancy and NOI per unit ranks (both strong within a 19-neighborhood county set), this 46-unit asset is oriented toward durable, value-focused demand rather than amenity-premium rent growth. Within a 3-mile radius, modest population growth suggests a steady tenant base, and a low rent-to-income profile supports retention and lease stability, according to CRE market data from WDSuite. Accessible ownership options in the area may cap aggressive rent pushes, favoring an operations-led strategy centered on service quality and incremental rent steps.
Overall, the location’s local standing and renter concentration point to stable occupancy potential, while the lean amenity fabric and small market scale argue for conservative growth assumptions and disciplined expense control.
- Competitive neighborhood occupancy and NOI per unit within Hill County support leasing stability.
- Modest renter concentration and steady 3-mile demographic base provide a reliable tenant pool.
- Low rent-to-income profile favors retention and measured rent steps over time.
- Operations-led playbook suits a rural, value-oriented location with limited amenity premiums.
- Risks: lean amenity density, smaller market scale, and accessible ownership alternatives can temper pricing power.