| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 37th | Fair |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3055 State Highway 31 E, Tyler, TX, 75702, US |
| Region / Metro | Tyler |
| Year of Construction | 2008 |
| Units | 57 |
| Transaction Date | 2007-09-10 |
| Transaction Price | $5,045,400 |
| Buyer | TYLER DISCIPLES HOMES |
| Seller | RHP REAL ESTATE LTD |
3055 State Highway 31 E Tyler Multifamily Investment
Positioned in a rural-leaning Tyler neighborhood with balanced renter demand and manageable rent-to-income levels, this asset benefits from steady leasing fundamentals, according to WDSuite’s CRE market data.
This location sits within a rural neighborhood of Tyler that is above the metro median on overall neighborhood ranking (34th of 78, rated B), indicating stable but not top-tier fundamentals for multifamily investors. Amenity access is mixed: cafes score stronger than many local peers (higher national percentile), while grocery, parks, and pharmacies are thinner, which can influence tenant convenience and retention strategies.
Rents in the neighborhood track around the national mid-range (neighborhood median contract rent sits near the 59th national percentile), and the neighborhood rent-to-income ratio trends near the national middle as well. For investors, this typically supports lease retention and measured pricing power rather than outsized growth. Home values are also near national mid-range levels, meaning ownership is not a distinctly high-cost alternative; this can introduce some competition with for-sale options, so asset quality and management execution remain important.
Vintage across the neighborhood skews relatively recent (average 2001). With a 2008 construction year, the property is newer than the local average, which helps competitive positioning versus older stock; still, investors should plan for selective modernization and systems updates as the asset approaches two decades in service.
Tenure dynamics point to a smaller renter base within the immediate neighborhood (about a quarter of housing units are renter-occupied). However, demographic statistics aggregated within a 3-mile radius show a larger renter concentration today and projections for a higher renter share over the next five years, alongside population growth and an increase in total households. Together, these trends suggest a broader tenant base that can support occupancy stability, even as household sizes edge lower.
Safety indicators compare favorably in a metro context, with the neighborhood ranking 13th out of 78 Tyler neighborhoods on overall crime, placing it in the competitive tier locally and around the 62nd percentile nationally. Recent trend data shows estimated year-over-year declines in both property and violent offenses, positioning the neighborhood among the stronger improvers in the metro. For investors, these comparative and directional trends can support leasing, renewal decisions, and longer-term hold assumptions without relying on block-level conclusions.
The 57-unit 2008-vintage asset offers relative competitiveness versus older neighborhood stock, with rents and rent-to-income levels that sit near national mid-range benchmarks. Demographic statistics aggregated within a 3-mile radius indicate population growth, an increase in households, and a rising renter share, pointing to a larger tenant base that can support occupancy and renewal performance. According to CRE market data from WDSuite, the immediate neighborhood’s occupancy runs below national benchmarks, which puts a premium on consistent operations, targeted upgrades, and amenity management.
Investor positioning centers on durable demand drivers rather than outsized growth: a newer-than-average vintage for the area, a renter pool expected to expand, and rent levels that support retention. Key watch-items include amenity gaps in the submarket and some competition from reasonably accessible ownership options, underscoring the importance of unit quality and professional management.
- 2008 construction offers competitive positioning versus older neighborhood stock, with room for selective modernization.
- 3-mile demographics point to population growth, more households, and a rising renter share, supporting a deeper tenant base.
- Mid-range rents and rent-to-income levels favor lease retention and measured pricing power.
- Improving safety trends and competitive local standing aid leasing and renewal stability.
- Risks: below-national neighborhood occupancy, thinner nearby amenities, and competition from ownership options require strong management and targeted upgrades.