| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 50th | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1406 Shady Ln, Burkburnett, TX, 76354, US |
| Region / Metro | Burkburnett |
| Year of Construction | 2012 |
| Units | 80 |
| Transaction Date | 2011-12-29 |
| Transaction Price | $125,000 |
| Buyer | BURKBURNETT SENIOR LLC |
| Seller | CLEMENT DEVEOPMENT COMPANY |
1406 Shady Ln Burkburnett Multifamily Investment
Neighborhood occupancy trends point to stable renter demand around this 2012-built, 80-unit asset, according to WDSuite's CRE market data. The area's balanced renter base and accessible rent levels support steady leasing and retention.
Neighborhood fundamentals
The surrounding Burkburnett area presents a rural profile with limited amenity density, yet it benefits from day-to-day essentials and pragmatic access to services. Neighborhood occupancy is strong (measured for the neighborhood, not the property), ranking 3 out of 58 metro neighborhoods and landing in the top quartile nationally, which supports leasing stability and lower downtime risk based on CRE market data from WDSuite.
Vintage matters for competitiveness. The property's 2012 construction is newer than the local average vintage (1985), which typically helps positioning versus older stock while still requiring routine capital planning as systems age. Average household sizes in the area are steady, and the neighborhood's rent-to-income profile suggests room for responsible rent management without overextending residents, aiding renewal prospects.
Within a 3-mile radius, demographics show a recently flat-to-slightly-negative population trend but a projected increase in population and households by 2028, implying a larger tenant base and potential renter pool expansion. Median contract rents in the radius remain relatively accessible versus incomes, helping support occupancy stability, while home values remain moderate for the region—conditions that typically sustain multifamily reliance even as some households weigh ownership.
Amenity density is thinner than urban peers—few cafes, parks, and restaurants per square mile—yet pharmacies and grocery options are present. For investors, this translates to a functionally livable setting where value, space, and straightforward access often outweigh lifestyle variety. Competitive standing in the Wichita Falls metro is reinforced by the neighborhood's B+ rating and above-median occupancy performance.
Safety context
Relative to Wichita Falls metro peers, the neighborhood ranks 15 out of 58 for crime and sits around the 60th percentile nationally, indicating a comparatively favorable standing. Violent offense estimates are particularly strong, with performance in the top decile nationwide, aligning with Top quartile nationally conditions for investor risk assessment.
Property offense indicators show a stronger-than-average national percentile as well, but recent year-over-year changes have been mixed across categories. Investors should monitor trends over time rather than single-year shifts. As always, safety conditions vary block to block and evolve; the above reflects neighborhood-level benchmarks rather than property-specific data.
Local manufacturing and industrial employment provides a practical renter base and commute convenience for workforce housing, led by Owens Corning within 10 miles.
- Owens Corning — building materials manufacturing (9.3 miles)
Investment thesis
This 2012-vintage, 80-unit asset is positioned against an older neighborhood stock, enhancing competitive appeal while leaving room for targeted reinvestment as systems mature. Neighborhood occupancy is among the strongest in the metro and in the top quartile nationally, supporting leasing stability and renewal prospects, according to CRE market data from WDSuite.
Within a 3-mile radius, forecasts point to population and household growth by 2028, suggesting a larger tenant base and potential renter pool expansion. Rent-to-income levels are comparatively low for the area, reinforcing retention and measured pricing power, while the rural amenity footprint calls for asset-level features and management that emphasize value and convenience.
- Strong neighborhood occupancy supports leasing stability relative to metro peers
- 2012 construction offers competitive positioning versus older local stock with manageable capital planning
- 3-mile forecasts indicate population and household growth, expanding the renter base by 2028
- Risks: thinner amenity density and a smaller employer base require attention to resident retention and ongoing monitoring of local safety trends