| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 28th | Fair |
| Amenities | 29th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 S Adams St, Carthage, TX, 75633, US |
| Region / Metro | Carthage |
| Year of Construction | 1981 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1100 S Adams St Carthage TX Multifamily Investment
The neighborhood1s renter-occupied share is elevated (neighborhood metric), which supports a deeper tenant base according to CRE market data from WDSuite, and a high-cost ownership market relative to local incomes can help sustain leasing.
Situated in a suburban pocket of Carthage, the property benefits from practical conveniences rather than destination amenities. Grocery access ranks in the top quartile among 16 metro neighborhoods, while restaurant density is also competitive within the metro; cafes, parks, and pharmacies are sparse, so day-to-day needs are met but lifestyle offerings are limited.
Renter-occupied housing accounts for a substantial share of neighborhood units (44.6% renter concentration, top quartile among 16 metro neighborhoods). For investors, that indicates a broader local renter pool and potential depth for workforce housing demand. By contrast, overall neighborhood occupancy trends sit below the metro median, suggesting the need for disciplined leasing and property management to maintain stability.
Within a 3-mile radius, incomes are modest relative to national benchmarks, and rent-to-income ratios point to affordability pressure. In parallel, elevated home values relative to local incomes (high value-to-income ratio nationally) create a high-cost ownership market, which can reinforce reliance on rental housing and support tenant retention. Taken together, these dynamics favor steady multifamily demand, with pricing and renewal strategies calibrated to local affordability.
Neighborhood-level crime benchmarks specific to this location are not available from WDSuite for this period. Investors typically compare broader regional trends, property-level security measures, and management practices to assess safety and reputation over time.
- Sysco corporate offices (29.4 miles)
This asset1s submarket shows a relatively strong renter base alongside a high-cost ownership landscape, which can underpin multifamily demand even as incomes remain modest. According to CRE market data from WDSuite, neighborhood renter concentration is high for the metro, while groceries and everyday services are comparatively accessible; these fundamentals can support occupancy with the right leasing strategy.
Risks center on below-median neighborhood occupancy and affordability pressure, which argue for attentive management, competitive positioning, and renewal tactics tailored to local incomes. Underwriting that emphasizes operational execution and expense discipline can help capture the area1s renter demand while mitigating potential volatility.
- High neighborhood renter concentration supports a deeper tenant base
- Elevated ownership costs relative to incomes sustain reliance on rentals
- Everyday services (e.g., groceries) are competitive within the metro
- Risk: below-median neighborhood occupancy requires focused leasing execution
- Risk: local affordability pressure calls for careful pricing and renewals