| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 37th | Fair |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 Blue Bird Dr, Harker Heights, TX, 76548, US |
| Region / Metro | Harker Heights |
| Year of Construction | 1977 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1101 Blue Bird Dr Harker Heights Multifamily Investment
Neighborhood occupancy around 94.5% suggests stable renter demand relative to the metro, according to WDSuite’s CRE market data. This positions the asset for steady leasing in a submarket where metrics cited here reflect the neighborhood, not the property.
Located in Harker Heights within the Killeen-Temple, TX metro, the neighborhood scores well on daily convenience: amenity access ranks 3rd out of 139 metro neighborhoods and sits in the top quartile nationally. Restaurants, cafes, parks, pharmacies, and grocery options are comparatively dense for the metro, supporting resident retention and day-to-day livability important for multifamily performance.
The neighborhood’s renter concentration is high, with about 72% of housing units renter-occupied, indicating a deep tenant base and consistent leasing velocity at the neighborhood level. Neighborhood occupancy is approximately 94.5% and has strengthened over the past five years, a backdrop that typically supports revenue stability for well-managed assets.
Within a 3-mile radius, demographics signal demand depth: the population has grown in recent years and is projected to expand further, households have increased meaningfully with additional gains expected, and the renter pool remains sizable even as household sizes trend slightly smaller. These dynamics usually translate to a larger tenant base and continued leasing momentum for workforce-oriented properties.
Construction in this neighborhood skews newer than the subject property: the average construction year is 2002. With a 1977 vintage, the asset may trail some competing stock on modern features and systems, creating clear value-add and capital planning opportunities to enhance competitiveness against younger properties.
Ownership costs locally are relatively accessible compared to many U.S. markets, which can introduce some competition from entry-level homeownership. Still, neighborhood rent-to-income levels and a strong amenity mix suggest multifamily remains a core housing option; pricing and renewal strategies should balance retention with income growth.
Safety indicators compare favorably in a broader context. The neighborhood’s crime profile sits in the higher national percentiles for safety (top quartile nationally), and it performs above the metro average among 139 Killeen-Temple neighborhoods. Recent trends also point to improvement, with estimated violent and property offense rates declining year over year.
While individual blocks can vary, the combination of a strong metro-relative rank and solid national standing supports renter appeal and leasing stability, particularly for professionally managed assets that emphasize on-site security and community standards.
Regional employers within commuting distance broaden the employment base and help support renter demand. The list below reflects nearby corporate offices and headquarters relevant to the workforce served by this neighborhood.
- Raymond James — financial services offices (30.5 miles)
- Farmers Insurance - Doug Gaul — insurance services (37.7 miles)
- Dell Technologies — technology & corporate operations (40.9 miles) — HQ
- Arconic — engineered materials offices (44.3 miles) — HQ
This 30-unit, 1977-vintage property aligns with a neighborhood that exhibits strong amenity access, elevated renter concentration, and stable occupancy. The older vintage creates a straightforward value-add path through targeted renovations and system upgrades, while neighborhood occupancy around 94.5% and a sizable tenant base support leasing durability. Within a 3-mile radius, recent population growth, increasing households, and a sustained renter pool indicate continued demand for rental housing and potential for steady cash flow with disciplined operations.
According to CRE market data from WDSuite, the neighborhood performs above metro averages on convenience and sits in higher national safety percentiles, supporting renter appeal. At the same time, relatively accessible ownership costs and rent-to-income dynamics warrant prudent pricing and renewal management to sustain retention and limit turnover.
- Stable neighborhood occupancy and high renter concentration support consistent leasing
- 1977 vintage offers clear value-add and capital improvement upside versus newer stock
- 3-mile demand drivers: population and household growth expand the tenant base
- Favorable amenity access and solid safety standing aid retention and absorption
- Risks: competition from entry-level homeownership and affordability pressure require careful lease management