| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 53rd | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 Ponderosa St, Canyon, TX, 79015, US |
| Region / Metro | Canyon |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | 2022-04-29 |
| Transaction Price | $1,030,750 |
| Buyer | PEPPER TREE AMARILLO 168 LLC |
| Seller | CASCADE VALLEY INVESTMENT GROUP LLC |
1410 Ponderosa St Canyon Multifamily Investment
Neighborhood occupancy and a solid renter base point to steady leasing fundamentals, according to WDSuite’s CRE market data. This location favors workforce demand and pragmatic operations over speculative rent growth.
With an A- neighborhood rating and a rank of 21 out of 87 in the Amarillo metro, this Inner Suburb location sits in the top quartile locally, signaling balanced fundamentals that support multifamily performance. Neighborhood occupancy is reported at roughly the low-90s, and while it has edged down modestly over five years, it still indicates durable tenant demand relative to similar Amarillo sub-areas.
Renter concentration is meaningful: about 46–47% of housing units are renter-occupied, deepening the local tenant pool and supporting leasing stability for small to mid-size assets. Median contract rents in the neighborhood remain accessible for the market and have risen over the last five years, which can aid retention when paired with disciplined lease management and unit-level differentiation.
Quality-of-life indicators compare well against national peers: average school ratings are strong (ranked 5 out of 87 locally and in the top quartile nationally), and amenity access trends positive with restaurants and pharmacies above national averages. Immediate convenience is somewhat mixed, however, with limited neighborhood grocery and childcare presence; investors should consider this context for marketing and tenant expectations.
Demographic statistics aggregated within a 3-mile radius show a broadly stable population with a high share of 18–34-year-olds, and projections point to population and household growth, which would expand the renter pool and support occupancy over the medium term. In parallel, a relatively low rent-to-income profile in the neighborhood suggests manageable affordability pressure, aiding renewal probability while leaving room for revenue management tied to property condition and finishes.
Neighborhood safety compares favorably to many Amarillo neighborhoods based on local crime ranks, while national benchmarks indicate mid-pack outcomes overall. Property offense rates sit modestly better than the national middle (around the mid-50s percentile), and violent offense benchmarks are near national averages (upper-40s percentile). Recent data show a year-over-year uptick in both violent and property incidents; investors should underwrite prudent security posture and tenant communication while noting that the area’s metro-relative standing remains constructive.
- Xcel Energy — utility services (13.2 miles)
Regional energy and utility employment anchors within commuting range support stable renter demand for workforce housing in this corridor. The following nearby employer is relevant for commuting tenants.
This 24-unit asset benefits from a top-quartile neighborhood rank within the Amarillo metro, a sizable renter-occupied share, and neighborhood occupancy around the low-90s—all supportive of steady leasing and renewal performance. Median contract rents remain approachable relative to local incomes, which can sustain tenant retention while allowing calibrated upgrades to capture incremental rent. According to CRE market data from WDSuite, schools rate well and daily conveniences such as restaurants and pharmacies are accessible, reinforcing livability for long-term tenancy, though limited neighborhood grocery and childcare options should be considered in marketing and amenity strategy.
Three-mile demographics point to a large 18–34 cohort and projected population and household growth, which expand the future renter pool and can support occupancy stability. The unit mix’s smaller formats can play to affordability and lease-up velocity, with the caveat that positioning and finishes must match renter expectations to mitigate turnover risk.
- Top-quartile neighborhood rank (21 of 87) supports competitive positioning within the Amarillo metro
- Renter-occupied share near one-half indicates depth of tenant demand and stable leasing
- Balanced rent-to-income dynamics support retention with room for targeted value-add
- 3-mile projections point to growth in the renter base, aiding occupancy over time
- Risks: recent crime uptick and limited nearby grocery/childcare call for prudent security and amenity positioning