| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 26th | Poor |
| Amenities | 33rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 389 S Texas St, Emory, TX, 75440, US |
| Region / Metro | Emory |
| Year of Construction | 1990 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
389 S Texas St, Emory TX Multifamily Investment
Neighborhood occupancy of 90.6% and a relatively high renter-occupied share suggest a durable tenant base for smaller units, according to WDSuite’s CRE market data. Positioned in a suburban setting, the asset’s scale supports hands-on management focused on steady demand rather than rapid lease-up swings.
Livability indicators point to a balanced, needs-based location for workforce renters. Restaurant and cafe density is competitive nationally (top quartile), while everyday services like grocery are present but parks, childcare, and pharmacies are limited—typical of smaller suburban markets. Within the metro context, the neighborhood rates highly for amenities and housing among 8 tracked areas, making it competitive among Rains County neighborhoods. This mix favors convenience for daily needs without urban-level depth.
Market fundamentals are stable. Neighborhood occupancy is reported at 90.6%, close to national norms, and the renter-occupied share of housing units is 41.2% (top-quartile nationally), indicating depth in the tenant pool and potential support for leasing stability. Median contract rents are lower relative to national benchmarks, which can temper near-term pricing power but help sustain demand through affordability. These observations are based on commercial real estate analysis drawn from WDSuite.
Ownership dynamics also reinforce rental demand. The value-to-income ratio is top quartile nationally, signaling a high-cost ownership market relative to local incomes; in practice, this sustains reliance on rental housing and can aid retention. Median home values sit near the national midpoint, but local incomes track below national levels, which magnifies the ownership burden and supports multifamily demand.
Asset positioning: Built in 1990 versus a neighborhood average vintage of 1988, the property is slightly newer than nearby stock. That typically implies competitive standing against older comparables, while still warranting selective modernization to keep systems current and appeal to renters moving from older units.
Schools in the neighborhood rate below the national median, which can moderate family-driven demand but may have limited impact for smaller unit mixes that skew toward singles or couples. For investors, this suggests marketing and unit finishes should target value-oriented renters prioritizing convenience and attainable rents over school quality.
Comparable safety data for this neighborhood are limited in the current feed, and no metro rank is provided. Investors typically benchmark neighborhood trends against county and metro crime statistics to understand relative positioning over time rather than relying on block-level figures. Where data are available, focus on multi-year directionality and how it aligns with leasing stability and resident retention.
Regional employers within commuting reach can contribute to a steady renter pipeline, especially for workforce housing tied to insurance and corporate services.
- State Farm Insurance — insurance operations (41.9 miles)
389 S Texas St offers a 25-unit footprint with compact average unit sizes, aligning with value-oriented renter demand. Neighborhood-level data indicate steady occupancy (90.6%) and a renter-occupied share that sits in the top quartile nationally, supporting a larger tenant base for smaller-format units. The 1990 vintage is slightly newer than nearby stock, suggesting competitive positioning with targeted upgrades rather than full-scale repositioning. According to CRE market data from WDSuite, lower local rents relative to national benchmarks can underpin stable lease-up and retention, even as they may limit immediate pricing power.
Ownership costs run high relative to incomes (top quartile nationally by value-to-income ratio), which typically sustains rental reliance and can support occupancy through cycles. Amenity access skews toward restaurants and cafes, with fewer parks and childcare options—consistent with a small suburban setting—so demand is likely anchored by workforce households seeking attainable rents and commute-balanced living.
- Stable neighborhood occupancy and high renter-occupied share support leasing durability.
- 1990 vintage offers competitive standing versus slightly older stock with selective value-add potential.
- High ownership costs relative to incomes reinforce reliance on rental housing and retention.
- Risks: lower school ratings and limited park/childcare options may narrow family-driven demand and constrain top-end rent growth.