| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 66th | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5038 Jacksboro Hwy, Wichita Falls, TX, 76302, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 2006 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5038 Jacksboro Hwy Wichita Falls Multifamily Investment
Neighborhood occupancy has held near 95% with recent improvement, supporting leasing stability for multifamily in this Wichita Falls submarket, according to WDSuites CRE market data. Newer 2006 construction relative to local stock positions the asset competitively while maintaining operational flexibility.
Located in a suburban pocket of Wichita Falls with an A- neighborhood rating, the property benefits from steady renter demand and occupancy levels that rank 7th among 58 metro neighborhoodsa competitive position locally. Neighborhood occupancy near 95% has trended up over the past five years, a positive signal for income durability and renewal capture.
Daily-needs access is a strength: grocery availability sits above the metro median and compares favorably to national benchmarks, while childcare density ranks 6th of 58 and is in the upper national percentiles. By contrast, cafes, restaurants, and parks are limited in the immediate area, which may temper lifestyle appeal but also helps keep the submarket positioned for workforce housing.
The 2006 vintage is newer than the areas average construction year (1972), which can aid competitiveness versus older stock. Investors should still plan for mid-life building systems and selective upgrades to sustain positioning and support rent trade-outs.
Within a 3-mile radius, households have grown even as population dipped modestly in recent years, indicating smaller household sizes and a stable, diversified renter pool. Projections through 2028 call for a larger household base and higher incomes, which can expand the tenant funnel and support occupancy stability. The share of renter-occupied housing within 3 miles is roughly in the mid-40% range, offering depth for multifamily leasing while acknowledging that Wichita Falls relatively accessible home values can create some competition with ownership.
Neighborhood safety indicators sit around the metro middle and roughly near the national midpoint. Recent trend data show year-over-year declines in both property and violent incident rates, with improvement metrics placing the area above many peers nationwide. This trajectory, while not a guarantee, supports a more stable operating outlook compared with neighborhoods that are flat or deteriorating.
Interpreted comparatively, the neighborhoods crime ranking is mid-pack among 58 Wichita Falls neighborhoods, and national positioning is close to the median. The notable year-over-year reduction in violent incidents (ranked in the stronger half for improvement) adds incremental confidence for underwriting steady operations, while prudent security and lighting measures remain best practice.
Proximity to established employers supports a consistent renter base and commute convenience for workforce households. The following nearby employer anchors are most relevant to day-to-day leasing dynamics.
- Owens Corning manufacturing (5.9 miles)
This 20-unit, 2006-vintage asset offers durable cash-flow characteristics in a suburban Wichita Falls neighborhood where occupancy has stayed in the mid-90s and trended higher. The propertys newer construction versus the local average supports competitive positioning, while renter affordability (low rent-to-income at the neighborhood level) aids renewal and retention. According to CRE market data from WDSuite, neighborhood occupancy ranks in the stronger tier locally, reinforcing the case for stable income.
Within a 3-mile radius, households have increased and are projected to expand meaningfully by 2028, pointing to a larger tenant base and continued support for occupancy. Access to daily-needs retail (notably grocery) and proximity to area employers bolster leasing fundamentals. Key watch items include modest lifestyle amenity density and relatively accessible ownership costs in Wichita Falls, which can create competition for some renter cohorts.
- 2006 construction competes well against older neighborhood stock, supporting rent trade-outs
- Neighborhood occupancy near 95% with improving trend underpins income stability
- 3-mile household growth outlook expands the renter pool and supports leasing velocity
- Daily-needs retail access and nearby employers reinforce workforce demand
- Risks: limited lifestyle amenities and accessible ownership options may temper pricing power