| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 58th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4700 Wyoming Ave, Wichita Falls, TX, 76310, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 2003 |
| Units | 114 |
| Transaction Date | 2008-10-06 |
| Transaction Price | $882,800 |
| Buyer | KUHN RANDY |
| Seller | HICKS BARBARA A |
4700 Wyoming Ave, Wichita Falls TX Multifamily Investment
Located in an A-rated suburban neighborhood with steady renter demand and solid access to daily needs, this asset benefits from stable occupancy at the neighborhood level, according to WDSuite’s CRE market data.
The property sits in an A-rated, suburban neighborhood ranked 4 out of 58 in the Wichita Falls metro—placing it in the top quartile among metro neighborhoods. Daily-needs access is a strength: grocery and pharmacy density rank 6 and 5 of 58, respectively, indicating convenient retail within the trade area, while restaurants are competitive among Wichita Falls neighborhoods. Café and park options are limited, which may modestly temper lifestyle appeal compared with more amenity-rich districts.
Neighborhood occupancy stands at 94.4% (ranked 9 of 58), a top-quartile position locally that supports leasing stability. Median contract rents for the neighborhood track near national mid-range levels, and the rent-to-income ratio trends favorable nationally, suggesting room for disciplined rent management without overextending residents.
Within a 3-mile radius, demographics point to a growing tenant base: population has expanded in recent years with forecasts indicating additional increases in both households and families, which can support occupancy and absorption. About 35% of housing units are renter-occupied within this radius, signaling a meaningful renter concentration that underpins multifamily demand while not overly saturating the tenant pool.
Schools average roughly 3.0 out of 5 and sit above the national midpoint, a supportive signal for family-oriented renters. Household incomes rank 12 out of 58—another top-quartile local placement—reinforcing the area’s ability to sustain consistent rent collections. Home values are relatively accessible in a national context, which can create some competition with ownership options, but the neighborhood’s rent-to-income profile and daily-needs convenience help sustain renter reliance on multifamily housing.
Safety indicators are mixed but improving. Compared with neighborhoods nationwide, the area trends around the national midpoint overall, with violent and property offense rates below national percentiles. However, year-over-year changes show meaningful declines in both violent and property offense estimates, indicating a recent improving trend.
Within the Wichita Falls metro, the neighborhood’s crime rank is 19 out of 58, which is competitive among Wichita Falls neighborhoods. For investors, the directional improvement and mid-range national positioning suggest risk management remains important, but the recent trajectory is favorable for long-term stability.
Nearby employment is anchored by manufacturing operations that support a steady commuter base and bolster renter demand through blue-collar and technical roles. The list below highlights the most relevant nearby employer.
- Owens Corning — manufacturing (6.2 miles)
Built in 2003, the property is newer than much of the local inventory (neighborhood average vintage skews older), which can provide a competitive edge on systems and finishes while still allowing for selective modernization as part of a value-add plan. At the neighborhood level, occupancy ranks in the top tier of the metro and daily-needs retail access is strong, reinforcing steady leasing and retention. According to CRE market data from WDSuite, the local rent-to-income profile is favorable, supporting measured pricing power while maintaining lease stability.
Within a 3-mile radius, population and households are projected to increase, expanding the renter pool. Median home values are relatively accessible compared with national levels, which can introduce some competition from ownership; even so, steady incomes and convenient amenities position the asset to capture demand from renters who prioritize quality, location fundamentals, and predictable operating performance.
- Newer 2003 vintage versus local average, with potential for targeted value-add and modernization
- Top-quartile neighborhood rank (4 of 58) and strong daily-needs access support leasing stability
- Favorable rent-to-income dynamics and growing 3-mile tenant base underpin demand and retention
- Risk: accessible homeownership may compete with rentals; limited café/park amenities could modestly affect lifestyle appeal