| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 55th | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Blue Grass Way, Princeton, TX, 75407, US |
| Region / Metro | Princeton |
| Year of Construction | 2000 |
| Units | 111 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 Blue Grass Way Princeton Multifamily Opportunity
Neighborhood occupancy remains high and renter demand is supported by favorable rent-to-income dynamics, according to WDSuite’s CRE market data. Investors evaluating Princeton within the Dallas–Plano–Irving metro may find stability driven by steady household growth and a deepening tenant base.
The property sits in a suburban Princeton location within the Dallas–Plano–Irving metro, where the neighborhood earns a B rating and ranks above the metro median among 1,108 neighborhoods based on WDSuite’s CRE market data. Local occupancy is competitive among metro submarkets, and the neighborhood’s rent-to-income position (90th percentile nationally) indicates relatively low affordability pressure, which can support retention and pricing management.
Within a 3-mile radius, demographics point to population and household expansion over the last five years, with forecasts calling for continued growth and a larger renter pool by 2028. Household counts are projected to increase substantially as average household size trends down modestly, a combination that typically broadens the addressable tenant base and supports occupancy stability for multifamily assets.
Area fundamentals show a mix of amenities near the national middle: restaurants and groceries track close to national medians, while cafes and pharmacies score above average. Average school ratings test above most U.S. neighborhoods (around the 73rd percentile), which can bolster long-term neighborhood stability and appeal to family renters.
Home values sit in the upper third nationally, and ownership costs in this high-cost ownership market tend to reinforce reliance on multifamily rentals. At the same time, the neighborhood’s renter-occupied share is lower than many urban submarkets, suggesting demand is driven more by in-migration and household formation than by transient turnover—helpful for lease duration and renewal strategies.
Vintage and value-add: Built in 2000 versus an area average near 2003, the asset is slightly older than nearby stock. Investors should plan for selective modernization and systems upgrades, creating potential value-add upside to remain competitive against newer listings while managing long-term capital expenditures.
Safety metrics benchmark favorably in a national context, with the neighborhood trending above the U.S. median for overall safety according to WDSuite’s CRE market data. Recent readings indicate property offenses have declined materially year over year, a constructive signal for perceived risk and leasing confidence.
Violent offense indicators, however, show a recent uptick versus the prior year. While the area still compares better than many neighborhoods nationally, investors should monitor trend direction and incorporate prudent security and lighting standards as part of asset management.
Proximity to defense, telecom, distribution, and consumer goods employers supports a broad workforce renter base and commute convenience for residents. The following nearby employers anchor demand in the submarket and can aid leasing stability:
- Raytheon Company — defense & aerospace (10.6 miles)
- AT&T Datacenter — telecom datacenter (11.5 miles)
- Avnet Electronics — electronics distribution (14.2 miles)
- General Dynamics — defense & aerospace offices (16.7 miles)
- Dr Pepper Snapple Group — beverage (18.6 miles) — HQ
This 111-unit 2000-vintage asset benefits from neighborhood stability, high occupancy, and an expanding tenant base in suburban Princeton. According to CRE market data from WDSuite, the neighborhood posts a strong occupancy profile with relatively low rent-to-income levels, supporting resident retention and providing room for disciplined rent strategies. With median home values elevated in a regional context, ownership costs tend to sustain rental demand, while school quality and amenity access compare favorably against national benchmarks.
The asset’s slightly older vintage versus nearby stock points to targeted modernization and common-area upgrades as practical value-add levers. Demographic trends within a 3-mile radius—rising population and households today with additional growth forecast—suggest ongoing depth in the renter pool, supporting leasing stability over a multi-year horizon.
- High neighborhood occupancy and favorable rent-to-income positioning support retention and pricing power
- Expanding 3-mile population and household counts grow the tenant base and support lease-up
- Elevated ownership costs in the area reinforce sustained demand for rentals
- 2000 vintage offers value-add potential via unit renovations and systems updates
- Risk: monitor crime trend direction and budget for ongoing security and lighting measures