| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 49th | Good |
| Amenities | 5th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2624 Fm 346 N, Bullard, TX, 75757, US |
| Region / Metro | Bullard |
| Year of Construction | 2012 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2624 FM 346 N, Bullard TX Multifamily Investment
Neighborhood fundamentals point to stable renter demand, with occupancy measured at the neighborhood level and a meaningful renter-occupied share, according to WDSuite’s CRE market data. The suburban setting offers steady performance drivers, though results will depend on property operations and positioning within Bullard.
Bullard’s suburban profile shows steady occupancy and renter appeal at the neighborhood level. The neighborhood’s occupancy rate ranks 5 out of 27 within the Jacksonville, TX metro, indicating performance that is competitive among Jacksonville, TX neighborhoods. Renter-occupied housing accounts for a notable share of units at the neighborhood level, supporting a deeper tenant base for multifamily leasing.
School quality is a local strength: the neighborhood’s average school rating is 4.0 out of 5 and ranks 1 of 27 metro neighborhoods, placing it in the top quartile nationally by percentile. For investors, stronger school ratings can aid retention for family households and support leasing stability.
Amenities are limited within the immediate neighborhood footprint, with low densities of cafes, grocery, parks, and pharmacies. This aligns with a suburban living pattern where residents may rely on nearby corridors for retail and services; leasing success often hinges on access by car and clear communication of lifestyle conveniences.
Demographic statistics aggregated within a 3-mile radius show households increased while total population was essentially flat over the last period, reflecting smaller average household sizes and a shift toward more households occupying units. Forward-looking projections point to population growth, an increase in households, and a larger renter pool by 2028, which can support occupancy stability and leasing velocity if new supply remains measured.
Home values at the neighborhood level are below many national markets, which can increase competition from ownership options. For multifamily, this means pricing power must be earned through unit quality and management, but lease retention can remain healthy when properties deliver reliable operations and convenience.
Comparable crime data at the neighborhood level is not available in this feed. Investors should evaluate multi-year, neighborhood- and city-level safety trends and compare them to regional benchmarks to understand relative risk and potential impacts on leasing and retention.
- State Farm Insurance — insurance operations (44.0 miles)
Regional employment access is primarily tied to a broader East Texas labor shed; proximity supports a commuter base for some renters, though most daily needs are car-dependent.
Built in 2012, the asset is slightly newer than the neighborhood average and should remain competitive versus older stock, while investors may still plan for selective systems updates and modernization to sustain rentability. Neighborhood-level occupancy is strong and renter-occupied share is meaningful, supporting depth of demand and potential lease stability relative to smaller rural submarkets, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, recent history shows more households even as population was largely flat, and projections indicate population growth and an expanding renter pool. School quality ranks high within the metro and nationally, which can support family-oriented tenancy. Key watchpoints include limited nearby amenities, potential competition from ownership given lower home values relative to many U.S. markets, and small-market scale that can create variability in leasing.
- 2012 vintage offers relative competitiveness, with room for targeted value-add
- Neighborhood-level occupancy and renter concentration support demand depth
- 3-mile projections point to more households and a larger renter pool
- Strong school ratings aid retention for family households
- Risks: limited amenity density, ownership competition, and small-market volatility