| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 42nd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 Santa Fe St, Wichita Falls, TX, 76309, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1972 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2010 Santa Fe St Wichita Falls Multifamily Investment
Neighborhood renter-occupied share is substantial and occupancy has trended upward over five years at the neighborhood level, according to WDSuite’s CRE market data, pointing to steady tenant demand and manageable turnover risk.
This Inner Suburb neighborhood in Wichita Falls ranks 12 out of 58 locally (A- rating), placing it above the metro median for overall fundamentals. Grocery and pharmacy access are strengths: both rank within the top 10 of 58 metro neighborhoods and land in the top quartile nationally, supporting daily convenience for residents and reinforcing leasing appeal for workforce tenants.
At the neighborhood level, renter-occupied housing represents a meaningful share of units (near half), indicating a deep tenant base and demand resiliency for multifamily. Neighborhood occupancy sits in the mid-80s and has improved over the last five years, which supports leasing stability across cycles rather than rapid swings in vacancy.
Restaurant density is competitive among Wichita Falls neighborhoods (top 10 of 58), while cafes and parks are more limited, suggesting lifestyle amenities skew toward essentials over leisure. For investors, that mix leans to practical, everyday livability—often consistent with stable workforce housing demand—though limited green space and third places may temper premium positioning.
The property’s 1972 vintage is newer than the neighborhood’s average construction year (1950s era stock). That relative edge can aid competitiveness versus older comparables, while still warranting capital planning for building systems and common-area refreshes to capture value-add upside. Median home values in the neighborhood are part of a more accessible ownership market locally; this can introduce some competition with entry-level ownership, but the neighborhood’s rent-to-income levels point to manageable affordability pressure that can aid lease retention.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, with household growth outpacing population, which typically points to smaller household sizes and a broader renter pool. This trajectory supports occupancy stability and provides a steady pipeline of prospects for mid-market rentals, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety (crime measures cluster around the lower national percentiles). Within the Wichita Falls metro, the neighborhood ranks in the lower half (38 out of 58), signaling higher crime than many local peers. Investors should underwrite prudent security measures and tenant screening consistent with submarkets that show similar profiles.
Recent directionality is noteworthy: estimated property offenses have declined over the past year, while violent offense estimates edged up slightly. These countervailing trends argue for a balanced risk view—near-term operating protocols to manage exposure, alongside recognition that parts of the safety profile are improving.
The immediate employment base features nearby manufacturing and materials operations that support steady renter demand through commute convenience.
- Owens Corning — building materials (3.6 miles)
2010 Santa Fe St is a 61-unit asset positioned in a neighborhood that ranks above the metro median and shows practical, essentials-oriented livability. According to CRE market data from WDSuite, neighborhood occupancy has trended upward and renter-occupied housing accounts for a substantial share of units—factors that typically support demand depth and leasing stability. The 1972 vintage is newer than much of the surrounding housing stock, offering a relative competitive edge while still presenting value-add potential through systems modernization and interior upgrades.
Local amenity strengths are anchored by grocery and pharmacy access, while restaurants are competitive within the metro. A more accessible ownership landscape may create some competition with entry-level buyers, but rent-to-income levels at the neighborhood scale suggest manageable affordability pressure that can aid retention. Investors should account for mixed safety indicators with appropriate operating practices.
- Upward-trending neighborhood occupancy and meaningful renter-occupied share support demand stability
- 1972 vintage newer than local averages, with value-add potential via modernization
- Strong everyday convenience: top-tier grocery and pharmacy access within the metro
- More accessible ownership market may temper pricing power but can aid lease retention
- Risk: safety metrics are below national median; underwrite security and management protocols