| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 63rd | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4021 Taft Blvd, Wichita Falls, TX, 76308, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1980 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4021 Taft Blvd, Wichita Falls TX Multifamily Investment
Positioned in an inner-suburb pocket with steady renter demand and a renter-occupied share above the metro median, this asset offers durable leasing fundamentals according to WDSuite s CRE market data. Neighborhood ownership costs trend high relative to incomes, supporting reliance on rentals and potential retention when managed thoughtfully.
The property sits in an Inner Suburb neighborhood rated A and ranked 5 out of 58 within the Wichita Falls metro, placing it among the more competitive areas locally. Restaurant density ranks 6 of 58 (85th percentile nationally), creating convenient dining access, while childcare availability ranks 1 of 58 (97th percentile nationally), which can support workforce households. By contrast, grocery and pharmacy options are limited within the immediate neighborhood, so residents may rely on nearby corridors for errands.
Multifamily conditions are serviceable: neighborhood occupancy is near the metro midpoint (ranked 29 of 58; 36th percentile nationally), suggesting stable but competitive leasing. The renter-occupied share of housing units is elevated at 58.3% (ranked 4 of 58; 93rd percentile nationally), indicating a deep tenant base that can underpin demand across economic cycles.
Within a 3-mile radius, demographics point to a gradually expanding renter pool: the population grew in recent years and households increased about 4%, with forecasts calling for further household growth through 2028. Median incomes have risen meaningfully, and a slightly smaller average household size is expected, both of which typically support ongoing apartment demand and occupancy stability. Contract rents in the area remain accessible on a regional basis, helping sustain leasing velocity.
For context on ownership dynamics, neighborhood home values are comparatively elevated (ranked 1 of 58; 64th percentile nationally) and the value-to-income ratio sits at the top of the metro (99th percentile nationally). This high-cost ownership backdrop tends to reinforce reliance on rental housing, which can aid pricing power and lease retention for well-managed assets.
Vintage matters for competitive positioning. Built in 1980 versus a local average vintage of 1973, the asset is somewhat newer than much of the surrounding stock, which can be advantageous versus older properties; however, investors should plan for targeted system updates and common-area refreshes typical of 1980s construction to capture value-add upside.
Safety indicators are mixed but trending positively. The neighborhood sits modestly above the national midpoint overall (55th percentile nationally), and both violent and property offense estimates improved year over year, with notable declines in violent incidents. Within the Wichita Falls metro, the area places in the better half for safety on several measures, though it is not among the very lowest-risk tracts. Investors can frame this as steady-to-improving conditions that support tenant retention when paired with on-site security practices.
Proximity to regional employers supports commuter convenience and a steady renter base. Notable nearby employment includes the following corporate presence:
- Owens Corning building materials (5.1 miles)
This 49-unit, 1980-vintage asset benefits from a renter-heavy neighborhood and a high-cost ownership landscape that reinforces rental demand. Restaurants and childcare access are strong locally, supporting daily-life convenience for tenants, while steady occupancy at the neighborhood level indicates durable, though competitive, leasing conditions. According to commercial real estate analysis from WDSuite, the area s value-to-income dynamics sit at the top of the metro, which can support renter reliance on multifamily housing.
Within a 3-mile radius, recent gains in households with further growth projected through 2028 point to a larger tenant base over time. Being newer than the neighborhood s average vintage, the property can compete well against older stock; selective capital improvements to interiors and systems may unlock value-add rent premiums. Key risks include limited immediate grocery/pharmacy access and a rent-to-income profile that warrants attentive lease management to support retention.
- Renter-occupied share is high locally, providing a deep tenant pool and stable demand.
- 1980 construction offers a relative edge versus older neighborhood stock with targeted upgrades.
- Elevated ownership costs in the neighborhood support reliance on rentals and pricing power.
- Household growth within a 3-mile radius expands the prospective renter base and supports occupancy.
- Risks: limited grocery/pharmacy options nearby and affordability pressure suggest careful lease and renewal management.