| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 34th | Good |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1022 Dickey Ln, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 2010 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1022 Dickey Ln, Laredo TX Multifamily Investment
Neighborhood occupancy sits near the national midpoint and renter demand is supported by growing households within 3 miles, according to WDSuite’s CRE market data; this positions the asset for steady leasing with prudent rent management informed by commercial real estate analysis.
Located in an inner-suburb pocket of Laredo rated B-, the neighborhood posts an occupancy rate around the national midpoint, which supports baseline stability for cash flow. Within a 3-mile radius, households have grown over the past five years and are projected to keep increasing as average household size trends lower — dynamics that expand the tenant base and can support occupancy resilience.
Amenities are mixed. Grocery access is a relative strength, competitive among Laredo neighborhoods and in the top quartile nationally, while cafes, parks, and pharmacies are limited locally. For investors, this mix suggests day-to-day convenience for residents with fewer discretionary amenity draws, which may emphasize value-oriented positioning.
School options trend slightly above the metro median (average rating around the middle of national peers), which helps broaden family renter appeal without commanding top-tier school premiums. Median contract rents in the neighborhood remain moderate versus national levels, and a rent-to-income profile that skews favorable indicates manageable affordability pressure — a backdrop that can aid lease retention and reduce turnover risk.
Tenure patterns point to a durable renter pool: within 3 miles, roughly four in ten housing units are renter-occupied, supporting depth for multifamily leasing. Home values in the area are lower relative to many U.S. markets, which can introduce some competition from entry-level ownership; however, more accessible ownership costs also tend to keep rent levels grounded, supporting occupancy and steady renewal behavior for well-managed assets.
Safety metrics are mixed when viewed against both metro and national benchmarks. The neighborhood’s overall crime standing is competitive among the 63 Laredo neighborhoods, though not top-tier nationally. Property offense rates have shown meaningful year-over-year improvement, a constructive trend for investor perceptions of stability.
Nationally, violent offense measures track below the median, while property crime sits closer to the lower half of peers. For underwriting, this calls for standard security planning and resident engagement, with the improving property offense trend serving as a modest tailwind. All figures reflect neighborhood-level comparisons rather than property-specific conditions.
This 32-unit asset benefits from neighborhood occupancy near national norms, steady household growth within a 3-mile radius, and moderate rents that support retention. Grocery access outperforms most peers locally, and tenure patterns indicate a sizable renter base, which together can underpin consistent leasing. Based on CRE market data from WDSuite, the area’s rent-to-income profile suggests manageable affordability pressure — a constructive backdrop for disciplined rent growth and stable collections.
Risks stem from limited lifestyle amenities (cafes, parks, pharmacies) and safety metrics that sit below national leaders. Lower home values can introduce some competition from entry-level ownership, but they also temper rent inflation, keeping occupancy durable for value-focused units. With household counts projected to rise even as household sizes trend smaller, the renter pool should remain broad, supporting cash flow durability with active asset and lease management.
- Neighborhood occupancy near national levels supports baseline leasing stability.
- Household growth and smaller average household sizes within 3 miles expand the tenant base.
- Moderate rents and favorable rent-to-income dynamics aid renewal rates and collections.
- Strong grocery access adds day-to-day convenience for residents.
- Risks: limited lifestyle amenities, mixed safety standing, and potential competition from entry-level ownership options.