| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Good |
| Demographics | 20th | Poor |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 104 E Hill St, Brownfield, TX, 79316, US |
| Region / Metro | Brownfield |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
104 E Hill St Brownfield Multifamily Investment
Neighborhood occupancy around 94.1% indicates steady renter demand in this Inner Suburb pocket of Brownfield, according to WDSuite’s CRE market data. Figures cited reflect neighborhood conditions rather than the property’s own performance.
Brownfield’s Inner Suburb setting offers everyday convenience with strong neighborhood access to essentials. Grocery, park, and pharmacy density rank 1st among 6 Terry County neighborhoods and sit well above national medians (groceries in the 90th percentile nationwide), while restaurant options trend modestly above the national midpoint. Cafe and childcare density are limited, which may narrow certain lifestyle appeal compared to larger metros.
For investors, the renter base is meaningful: an estimated 52.7% of housing units are renter-occupied, the highest share among 6 local neighborhoods and in the 90th percentile nationally. This points to depth in the tenant pool and supports leasing stability, though it also underscores the importance of competitive unit finishes and management to capture demand.
Neighborhood occupancy ranks 2nd of 6 — competitive among Terry County neighborhoods — and is above the national median. According to WDSuite’s commercial real estate analysis, that positioning typically supports stable operations for well-managed assets; still, owners should underwrite to submarket dynamics rather than rely on metro trends.
Home values in the area are relatively low versus national norms, and rent-to-income ratios trend moderate. This combination can temper pricing power, as more accessible ownership options may compete with Class B/C rentals. Average school ratings track well below national levels, which can influence family renter preferences and should be considered in unit mix and amenity strategy.
Public crime metrics specific to this neighborhood are not available in the provided dataset. Investors typically benchmark city and county trends, compare them with peer neighborhoods, and assess property-level measures (lighting, access control, sightlines) during due diligence to understand resident experience and retention risks.
The employment base serving the area is regional, with industrial and distribution roles reachable by highway commute, which can support workforce housing demand despite a smaller local jobs hub.
- Airgas Store — industrial gases distribution (38.0 miles)
Built in 1978, this 48-unit asset suits a value-add approach: targeted renovations and systems updates can improve competitive positioning versus older stock while maintaining a prudent basis. Neighborhood occupancy ranks 2nd of 6 and sits above the national median, indicating a foundation for stable operations when paired with disciplined leasing and expense control. According to CRE market data from WDSuite, the neighborhood’s renter concentration is high, reinforcing a larger tenant base even as pricing should remain sensitive to local income levels.
Local ownership costs are comparatively low by national standards and rent-to-income is moderate, suggesting retention can be supported through operational execution rather than aggressive rent pushes. Amenity access is practical (top-ranked groceries, parks, pharmacies in the metro sample), offset by lower school ratings and a smaller regional employment hub, which argue for conservative revenue growth assumptions.
- Competitive neighborhood occupancy and tenant depth support leasing stability
- 1978 vintage presents value-add potential through targeted interior and system upgrades
- Practical amenity access (groceries, parks, pharmacies) enhances day-to-day livability
- Pricing strategy should account for relatively low ownership costs and moderate rent-to-income
- Risks: smaller regional jobs base and below-average school ratings may temper rent growth