| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 20th | Fair |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2038 N Fm 1053, Fort Stockton, TX, 79735, US |
| Region / Metro | Fort Stockton |
| Year of Construction | 2006 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2038 N FM 1053 Fort Stockton Multifamily Investment
Neighborhood occupancy has trended higher in recent years and a solid renter-occupied share indicates depth in the tenant base, according to WDSuite’s CRE market data.
This inner-suburb location in Fort Stockton rates B+ overall and ranks 2 out of 8 neighborhoods locally, placing it above the metro median and competitive among Pecos County neighborhoods based on WDSuite’s commercial real estate analysis. Restaurant density is strong relative to similar areas (top quartile nationally), with grocery and pharmacy access also outpacing many rural Texas submarkets. Parks, cafes, and childcare options are limited, which may matter for certain renter profiles.
Renter-occupied housing makes up a meaningful share of units in the neighborhood, with a national standing in the upper quartile. For investors, that suggests a dependable pool of multifamily demand and support for leasing continuity. Overall neighborhood occupancy sits below national norms but has improved over the last five years, signaling some stabilization despite broader headwinds.
Within a 3-mile radius, population counts have edged lower over the past five years, while average household size remains mid-range. For multifamily owners, this mix points to steady near-term leasing potential supported by existing renter households, but it warrants conservative expectations for organic demand expansion and a focus on retention.
Entry-level home values in this area remain comparatively low on an absolute basis, yet ownership costs are high relative to local incomes, which tends to sustain reliance on rental housing. At the same time, elevated rent-to-income ratios signal affordability pressure; operators should emphasize lease management and renewal strategies to balance pricing power with retention.
Comparable neighborhood crime data are not published in this dataset. Investors typically benchmark safety using city and county trends and on-the-ground diligence to understand patterns over time rather than block-level snapshots. Where data are available, WDSuite’s framing emphasizes relative comparisons to metro peers and national percentiles to contextualize risk.
Built in 2006 with 48 units, the property offers relatively modern bones versus much of the local stock, supporting competitive positioning while leaving room for targeted systems updates as it ages. Neighborhood demand is anchored by a higher-than-average share of renter-occupied units and improving occupancy, according to CRE market data from WDSuite, even as population trends suggest measured growth expectations.
Affordability dynamics are mixed: ownership remains a high-cost proposition relative to local incomes, which reinforces multifamily reliance, but rent-to-income levels point to retention risk without thoughtful lease management. For investors, the thesis centers on stable workforce demand, disciplined operations, and selective value-add that enhances durability without overextending rents.
- 2006 vintage supports competitive positioning versus older product; plan for routine capital to maintain systems.
- Renter-occupied share is elevated, signaling depth in the tenant base and support for leasing stability.
- Neighborhood occupancy has improved in recent years, indicating firmer operating footing.
- Ownership costs relative to incomes reinforce reliance on rentals, supporting demand for multifamily.
- Risks: population drift, affordability pressure (high rent-to-income), and limited amenities in select categories may cap rent growth.