| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Best |
| Demographics | 28th | Good |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601A S Wicker Ave, Littlefield, TX, 79339, US |
| Region / Metro | Littlefield |
| Year of Construction | 1992 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1601A S Wicker Ave Littlefield TX Multifamily Investment
Neighborhood occupancy has been resilient with a meaningful renter-occupied share, pointing to steady tenant demand for a 24-unit asset in rural Lamb County, according to CRE market data from WDSuite.
Littlefield’s rural setting offers everyday convenience relative to nearby areas: neighborhood amenity access ranks near the top among 9 metro neighborhoods, and cafés and groceries are comparatively available for the market, with cafés landing in the top quartile nationally. For investors, that supports day-to-day livability without relying on long commutes for basics.
Renter-occupied housing accounts for roughly a third of units in the neighborhood, indicating a defined, albeit modest, renter base that can support leasing velocity and retention. Neighborhood occupancy performance is competitive among Lamb County neighborhoods and has improved over the past five years, a constructive backdrop for multifamily property research focused on income stability.
Within a 3-mile radius, population has expanded in recent years alongside rising household incomes, suggesting a larger tenant base and capacity to absorb rent growth without outsized affordability pressure. The rent-to-income ratio sits at a level that typically supports retention and disciplined pricing, while median contract rents remain lower than large-metro norms, offering room for value capture with careful positioning.
Home values in the area are well below national norms, creating an ownership market that is more accessible than many metros; this can introduce competition for some renter cohorts but also helps maintain stable rent-to-income dynamics. Average school ratings trend below national averages, which may temper appeal for some family renters; investors can emphasize unit quality and convenience to mitigate this. Park and childcare access lag, consistent with rural patterns, so on-site amenities and management responsiveness can be differentiators.
Comparable rural neighborhoods often evaluate safety by tracking multi-year trends and county benchmarks rather than block-level snapshots. Investors typically review county and state reporting, engage with local stakeholders, and incorporate property-level measures (lighting, access control, and visibility) to support tenant experience and retention. Where available, align underwriting with trend direction rather than single-year fluctuations.
- Airgas Store — industrial gases (34.5 miles)
Employment options are distributed across the region, with industrial services offering commuting roles that can underpin workforce housing demand. Notable nearby employer:
Built in 1992, this 24-unit property offers mid-1990s vintage characteristics that can support a pragmatic value-add plan—select interior updates and systems upkeep—to enhance rent positioning while preserving affordability. Neighborhood occupancy trends are competitive within Lamb County and have improved over the last five years, and the renter-occupied share provides a defined tenant base for stable leasing. According to CRE market data from WDSuite, local rents and rent-to-income dynamics suggest manageable affordability pressure, supporting retention.
The rural setting balances everyday convenience—relative strength in cafés and groceries—with lower home values that can introduce ownership competition. Underwriting that emphasizes resident experience, unit quality, and operational execution can help sustain demand and pricing in line with neighborhood fundamentals.
- Improving neighborhood occupancy supports income durability versus regional peers
- 1992 vintage allows targeted renovations and CapEx planning to unlock value
- Rent-to-income dynamics indicate manageable affordability pressure and retention potential
- Amenities are adequate for a rural location, aiding day-to-day livability
- Risks: small-market depth, below-average school ratings, and competition from accessible homeownership