| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 42nd | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1220 Heritage Dr, Jacksonville, TX, 75766, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1992 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1220 Heritage Dr, Jacksonville TX Multifamily Investment
Neighborhood indicators point to steady renter demand supported by manageable rent burdens and broad amenity access, according to WDSuites CRE market data. Occupancy and rent levels referenced here reflect neighborhood conditions, not the specific property.
Jacksonvilles A+ rated neighborhood ranks 1 out of 27 locally, placing it competitive among Jacksonville, TX neighborhoods for overall livability and fundamentals. Amenity access trends are balanced rather than urban-dense: grocery, parks, and pharmacies track around the national middle to upper-middle ranges, while cafes are sparsertypical for a rural setting. These dynamics support day-to-day convenience without the cost premiums seen in larger metros.
Rents in the neighborhood skew toward the lower side of the national distribution, and the rent-to-income ratio trends around the 72nd percentile nationally for favorability. For investors, that translates into relatively low affordability pressure that can aid lease retention and limit turnover volatility during modest rent adjustments.
School quality trends below the national median, which may influence the tenant mix and leasing velocity for family-oriented floor plans. At the same time, neighborhood occupancy has been stable in recent years and sits near the metro middle, suggesting demand consistency rather than peak tightness.
Within a 3-mile radius, recent data show a modest population dip with households contracting, but forecasts point to an increase in households over the next five years alongside higher average incomes. For multifamily owners, a projected renter pool expansion paired with rising incomes can support occupancy stability and measured rent growth, while recognizing that the area remains more owner-leaning than renter-heavy.
Neighborhood-level crime metrics for this area are not available in WDSuite at this time. Investors commonly benchmark safety by comparing multi-year trends across the city and county, touring at different times of day, and reviewing local law enforcement reports to contextualize property-level operations and resident experience.
Given the absence of direct comparatives here, a prudent approach is to evaluate historical trend direction and management practices rather than single-year snapshots, and to weigh how perceived safety may influence leasing velocity, renewal propensity, and operating costs.
This 40-unit asset is positioned in a top-ranked Jacksonville neighborhood with amenity access that is serviceable for a rural location and rents that remain manageable relative to local incomes. Based on commercial real estate analysis from WDSuite, neighborhood rent levels and a favorable rent-to-income profile support retention and help limit downside during market soft patches. While the neighborhood is more owner-leaning, existing renter concentration provides a stable tenant base for workforce-oriented multifamily.
Within a 3-mile radius, near-term data reflect softer population and household counts, but forward-looking estimates point to household growth and higher average incomes. For investors, that mix implies potential for steady occupancy with measured pricing power, balanced by the need to compete thoughtfully on value given below-median school ratings and a rural amenity footprint.
- Top-ranked neighborhood locally supports demand consistency and leasing confidence.
- Favorable rent-to-income dynamics indicate retention strength and manageable affordability pressure.
- 3-mile forecasts signal household and income growth, reinforcing the renter pool over time.
- Risks: below-median school quality, rural amenity density, and owner-leaning tenure could temper leasing velocity.