| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 57th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2421 Quinton Ave, Lubbock, TX, 79410, US |
| Region / Metro | Lubbock |
| Year of Construction | 1975 |
| Units | 44 |
| Transaction Date | 2014-09-01 |
| Transaction Price | $1,700,000 |
| Buyer | Ventura Flats Holding Company |
| Seller | Asken Properties |
2421 Quinton Ave Lubbock Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable leasing performance in an Inner Suburb location.
This Inner Suburb neighborhood in Lubbock scores an A for overall neighborhood rating and sits 11th of 98 metro neighborhoods, indicating competitive fundamentals relative to the broader market. Neighborhood occupancy is in the top quartile among 98 metro neighborhoods and also rates in the top quartile nationally, a constructive backdrop for keeping units leased and supporting pricing discipline.
Daily-needs access is a relative strength: grocery and pharmacy density rank near the top of the metro (both competitive among 98 neighborhoods and in the upper national percentiles), and restaurants are abundant. Parks and cafes are limited locally, so resident lifestyle appeal skews more toward convenience retail and services than recreation or third‑place amenities.
The area shows a high renter-occupied share (renter concentration is among the highest in the metro), which generally supports a larger tenant base and steadier absorption for multifamily. Median contract rents in the neighborhood sit below many peer areas, while the rent-to-income ratio is moderate, which can aid retention and reduce turnover risk for value-oriented units.
Within a 3-mile radius, demographics point to a growing renter pool: recent population growth and a larger increase in household counts signal more households entering the market, with forecasts calling for further population and household gains over the next five years. This trend, based on CRE market data from WDSuite, supports occupancy stability and ongoing demand for professionally managed rentals even as average household size trends slightly lower.
Schools in the neighborhood average about 2.0 out of 5 (below national norms), which may matter for family renters. However, childcare availability ranks well in the metro and daily services are accessible, balancing some of the schooling trade-offs for workforce housing strategies.
Safety indicators compare favorably overall: the neighborhood sits around the 80th percentile for safety nationally, which is stronger than many peer areas. Against the Lubbock metro’s 98 neighborhoods, conditions are better than average in comparative terms.
Property and violent offense estimates have trended lower year over year, with notable declines according to WDSuite’s data. While crime can vary by block and over time, these comparative improvements suggest a supportive backdrop for resident retention and asset operations relative to regional benchmarks.
Proximity to nearby employers supports workforce housing demand and commute convenience for residents, with access to industrial and business services such as Airgas.
- Airgas Store — industrial gases & supplies (3.7 miles)
This 44-unit asset benefits from top-quartile neighborhood occupancy within the Lubbock metro and strong national standing for occupancy, indicating resilient leasing fundamentals. A high share of renter-occupied housing units in the neighborhood points to deep tenant demand, while moderate rent-to-income levels support retention and manageable turnover risk for value-driven unit mixes.
Within a 3-mile radius, population and household counts have increased and are projected to continue growing, expanding the renter pool and supporting long-term absorption. Daily-needs retail access is strong (groceries, pharmacies, and restaurants), which can enhance resident satisfaction and lease stability, according to CRE market data from WDSuite. The main operational considerations are below-average school ratings and limited park/cafe amenities, which may narrow appeal for some family renters but do not typically impede workforce leasing.
- Top-quartile neighborhood occupancy in metro and strong national standing support stable leasing
- High renter concentration indicates a broad tenant base and steady demand
- Growing 3-mile household counts point to sustained renter pool expansion
- Strong access to daily-needs retail (groceries/pharmacies/restaurants) aids retention
- Risks: below-average school ratings and limited parks/cafes may temper family appeal