| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 41st | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24 Creekside Ln, Canyon, TX, 79015, US |
| Region / Metro | Canyon |
| Year of Construction | 2007 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
24 Creekside Ln Canyon TX Multifamily Investment
Neighborhood occupancy is 91.7%, supporting stable renter demand in a suburban setting, according to WDSuite’s CRE market data.
This Canyon address sits within the Amarillo, TX metro and trends roughly middle of the pack among 87 metro neighborhoods (C+ neighborhood rating). The area is suburban with limited immediate retail and service density, so most daily needs require short drives to nearby corridors. For investors, that typically means residents value space and commute convenience over walkability, and leasing tends to draw from a wider catchment.
Rents in the neighborhood benchmark below many national peers (lower national percentile), while the rent-to-income ratio sits around 0.13. That combination points to manageable affordability pressure and some room for disciplined pricing decisions as units turn, especially when positioned against older stock in the metro. Neighborhood occupancy of 91.7% has edged up over the last five years, reinforcing baseline leasing stability.
Tenure patterns show a renter concentration of 27.4% at the neighborhood level, which is modest for multifamily but is complemented by a larger 3-mile renter base. Demographic statistics aggregated within a 3-mile radius indicate recent population growth with a small increase in households and a shift toward smaller average household sizes. Forward-looking data points to additional population gains and a notable rise in households by 2028, which would expand the tenant base and support occupancy.
Ownership costs are elevated locally relative to incomes (high value-to-income ratio and above-median home values for the metro), which tends to sustain renter reliance on multifamily housing and can aid lease retention. While local amenities are sparse, suburban location fundamentals and access to Amarillo employment nodes help underpin consistent renter demand.
Comparable, neighborhood-level safety rankings are not available in WDSuite for this location. Investors commonly benchmark conditions against Amarillo metro patterns and rely on on-the-ground diligence and trend reviews when underwriting. Without verified ranks or national percentiles, it’s prudent to evaluate property operations, lighting, access control, and local agency reports as part of standard risk assessment.
- Xcel Energy — utilities/corporate offices (12.0 miles)
Nearby Amarillo job centers provide a commutable employment base that supports leasing and retention for workforce households, led by utility and corporate office roles referenced below.
At this Canyon address within the Amarillo metro, neighborhood occupancy of 91.7% and a rent-to-income ratio near 0.13 indicate a foundation for stable cash flow with measured pricing power. Elevated home values relative to incomes suggest a high-cost ownership market that can reinforce renter reliance on multifamily. Demographic statistics within a 3-mile radius show recent population gains and projections for additional population growth and a meaningful increase in households by 2028, implying a larger tenant base and support for ongoing occupancy stability. These dynamics align with steady suburban demand, according to CRE market data from WDSuite.
Key considerations include modest renter concentration at the immediate neighborhood level, limited walkable amenities, and the need to compete on unit quality, pricing, and management to capture the broader commuter pool. Standard underwriting should also account for sector mix in the Amarillo economy and verify property-level operations to sustain retention.
- Stable neighborhood occupancy with manageable rent-to-income supports cash flow durability
- Elevated ownership costs locally bolster renter demand and lease retention
- 3-mile population growth and projected household expansion expand the tenant base
- Suburban location taps Amarillo job centers for broader leasing reach
- Risks: modest immediate renter concentration, sparse walkable amenities, and competition for quality-conscious renters