| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 42nd | Fair |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 S Collegiate Dr, Paris, TX, 75460, US |
| Region / Metro | Paris |
| Year of Construction | 1994 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
225 S Collegiate Dr Paris, TX Multifamily Investment
Neighborhood occupancy has held firm and renter demand appears durable for this 44-unit asset, according to WDSuite’s CRE market data. The immediate area skews toward steady working households, supporting leasing stability and pragmatic rent management.
The property sits in an A-rated suburban neighborhood within the Paris, TX metro, where neighborhood occupancy is 95.1%. This is a neighborhood-level metric, not the property’s performance, but it signals a relatively tight local rental market that helps support leasing and retention, based on CRE market data from WDSuite.
Renter-occupied housing represents 38.2% of neighborhood units, indicating a meaningful tenant base without overwhelming exposure to transient turnover. Median contract rents in the neighborhood have risen over the last five years, while a rent-to-income ratio around 0.24 suggests moderate affordability pressure; together, these dynamics point to measured pricing power with attention to lease management.
Within a 3-mile radius, the population has inched up recently and is projected to expand further over the next five years alongside growth in household counts. This implies a larger tenant base and ongoing support for occupancy, particularly for well-maintained, value-oriented units catering to local service and healthcare workers. Average household size has edged lower in recent years before a projected rebound, which can translate to demand for smaller-format apartments and steady one-bedroom leasing.
Amenity coverage is light (few cafes, parks, and pharmacies within the immediate neighborhood), and average school ratings trend below national norms. For investors, that points to a car-oriented location and a renter profile less driven by top-tier school access. Even so, grocery access is present at the neighborhood level, and the area remains competitive among Paris neighborhoods for day-to-day needs and workforce housing demand.
Safety indicators for the neighborhood compare favorably at the national level, with the area landing in higher percentiles for lower violent and property offense rates relative to neighborhoods nationwide. Year-over-year trends show notable declines in both violent and property offense estimates, which supports a more stable operating backdrop for leasing and resident retention. These are neighborhood-level readings and can vary by block; investors should pair them with on-the-ground diligence.
Built in 1994, the asset is slightly older than the neighborhood average vintage, creating potential for targeted value-add and system upgrades to enhance competitiveness against newer stock. Neighborhood occupancy is solid and renter concentration is meaningful, while 3-mile demographics point to population and household growth that can expand the renter pool and support occupancy stability. According to commercial real estate analysis from WDSuite, neighborhood rents have advanced over the past five years, suggesting room for disciplined revenue optimization provided affordability and retention remain in focus.
Amenity density is limited and schools rate below national averages, which skews the appeal toward workforce renters rather than school-driven demand. Taken together, the location supports a steady, value-oriented strategy with pragmatic capital planning and emphasis on durable tenant retention.
- Strong neighborhood occupancy supports leasing stability
- 1994 vintage offers value-add and modernization potential
- 3-mile population and household growth expands the renter base
- Rent trends support disciplined revenue management with attention to affordability
- Risk: limited nearby amenities and lower school ratings may narrow target renter segments