| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Best |
| Demographics | 58th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5100 Kell Blvd, Wichita Falls, TX, 76310, US |
| Region / Metro | Wichita Falls |
| Year of Construction | 1997 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5100 Kell Blvd Wichita Falls Multifamily Investment
Suburban Wichita Falls location with stable neighborhood occupancy and balanced renter demand, according to WDSuite s CRE market data. 1997 construction offers a relatively newer vintage locally with potential to compete on finishes while planning for system upgrades.
Rated A and ranked 4 out of 58 neighborhoods in the Wichita Falls metro, the area is top quartile locally for overall fundamentals. Neighborhood occupancy is 94.4%, indicating steady renter demand and generally supportive conditions for lease stability, based on CRE market data from WDSuite.
Daily convenience is a relative strength: grocery and pharmacy access rank near the top of the metro (both within the top 10 of 58), while restaurant density is competitive. Parks and caf e9 density are limited, which may modestly weigh on lifestyle appeal compared with amenity-rich submarkets.
Schools average 3.0 out of 5 and sit above the metro median (rank 11 of 58), providing serviceable options for family renters. The property s 1997 vintage is newer than the neighborhood s average 1984 construction year, suggesting a competitive position versus older stock, though investors should budget for aging systems and targeted modernization to sustain positioning.
Tenure patterns point to a primarily owner-occupied neighborhood: about 26% of housing units are renter-occupied in this neighborhood, while demographics aggregated within a 3-mile radius indicate roughly one-third renter-occupied. This mix supports a meaningful tenant base without heavy concentration risk and can underpin occupancy stability for well-managed assets.
Within a 3-mile radius, population has grown and is projected to continue expanding modestly, with households also expected to increase and average household size trending smaller over the next five years. These dynamics point to incremental renter pool expansion and a supportive backdrop for multifamily property research focused on steady, needs-based demand.
Affordability signals are constructive for retention: median contract rent levels sit around the middle of national comparisons, and the neighborhood s rent-to-income ratio is low by national standards. At the same time, home values are relatively accessible versus national benchmarks, indicating some competition from ownership; prudent pricing and resident experience can mitigate turnover risk.
Safety metrics sit around the national middle overall (near the 50th percentile), with violent and property crime levels below the national median but improving on a year-over-year basis. Notably, estimated violent and property offense rates both declined over the past year, placing the neighborhood in the upper tier for improvement momentum compared with U.S. neighborhoods, according to WDSuite.
Within the Wichita Falls metro, the neighborhood s crime positioning is mid-pack (ranked 19 out of 58). For investors, the key takeaway is stability with recent positive trendlines; ongoing monitoring and standard security measures should align with typical underwriting assumptions for suburban North Texas assets.
Employment access is anchored by nearby industrial and corporate operations that support a steady renter base and reasonable commute times, including Owens Corning.
- Owens Corning building materials manufacturing (6.3 miles)
5100 Kell Blvd benefits from a suburban location with a top-quartile neighborhood rating, solid occupancy at the neighborhood level, and a renter base supported by household incomes that keep rent-to-income levels low by national standards. The 1997 construction provides a relative edge versus older local stock, with value-add potential through targeted interior and systems updates as the asset approaches its late-1990s vintage lifecycle, according to commercial real estate analysis from WDSuite.
Demand fundamentals are reinforced by modest population growth and a projected increase in households within a 3-mile radius, which can expand the renter pool and support leasing stability. Ownership remains comparatively accessible in this market, so underwriting should emphasize competitive finishes, resident experience, and disciplined pricing to balance retention with revenue growth.
- Top-quartile neighborhood ranking (4 of 58) with solid occupancy supports leasing stability
- 1997 vintage offers competitive positioning versus older stock with clear value-add pathways
- 3-mile population and household growth point to a larger tenant base over the next five years
- Low rent-to-income levels bolster retention and reduce affordability pressure
- Risks: limited park/caf e9 amenities and relatively accessible homeownership may increase competition