| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 48th | Fair |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1512 Carolina St, Graham, TX, 76450, US |
| Region / Metro | Graham |
| Year of Construction | 1989 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1512 Carolina St Graham TX Multifamily Opportunity
High neighborhood occupancy and modest rent-to-income suggest steady renter demand, based on WDSuite s CRE market data measured at the neighborhood level rather than the property.
Location and demand fundamentals: The neighborhood posts a high occupancy rate (96.4%) with an A rating, ranking 1st among 9 neighborhoods in Young County. This competitive position has supported consistent leasing conditions for local multifamily assets. Renter-occupied housing represents 36.2% of units, indicating an owner-leaning area with a defined tenant base for multifamily operators.
Affordability and pricing power: Median contract rent of $751 and a rent-to-income ratio of roughly 0.11 indicate limited affordability pressure, which can aid retention and reduce turnover risk. Median household income of $73,495 and neighborhood home values near $197,606 point to a relatively accessible ownership market that may create some competition for renters, but also supports a stable pool of households seeking professionally managed housing.
Amenities and daily needs: For a smaller Texas market, daily needs are reasonably covered: grocery access ranks 2nd of 9 within Young County, restaurants are present at moderate levels, and cafes are comparatively strong (ranked 1st of 9). Parks and pharmacies are limited (both ranked 9th of 9), so residents may drive for certain services an operating consideration for marketing and resident engagement.
Demographics and schools (3-mile radius): Population shows modest growth with slightly smaller household sizes over five years, supporting gradual renter pool expansion and occupancy stability. Average school ratings trend below national norms (about 2.0 out of five), which may matter for some households; operators can emphasize property-level conveniences and service to offset submarket school scores. Notably, neighborhood NOI per unit averages score in the 95th percentile nationally a neighborhood indicator, not a property guarantee that aligns with resilient operating performance.
Neighborhood crime data is not available in the provided WDSuite dataset for this location. Investors typically benchmark conditions using local law enforcement reports and third-party indices over multiple years, comparing trends to nearby Young County neighborhoods and the broader region for a consistent gauge of safety risk.
Built in 1989, the property is typical for local vintage and can benefit from the neighborhood s high occupancy and measured affordability (low rent-to-income), which support leasing stability. Modest population growth within a 3-mile radius and a defined renter base in an owner-leaning area point to steady demand, with opportunity for targeted renovations and operational improvements to enhance performance.
According to CRE market data from WDSuite, neighborhood occupancy and NOI-per-unit benchmarks compare favorably to national peers, though these are neighborhood indicators rather than guarantees at the asset level. Key considerations include competition from relatively accessible ownership options and limited nearby parks/pharmacies, both of which can be addressed through product differentiation, resident services, and disciplined expense planning.
- High neighborhood occupancy and stable renter base support leasing durability.
- Low rent-to-income ratio points to manageable affordability pressure and retention upside.
- 1989 vintage offers scope for targeted value-add and system upgrades.
- Risk: owner-leaning tenure and limited parks/pharmacy amenities may require stronger resident services and marketing.