| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 34th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 924 N Hampton Rd, Desoto, TX, 75115, US |
| Region / Metro | Desoto |
| Year of Construction | 2008 |
| Units | 83 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
924 N Hampton Rd Desoto Multifamily Investment
Neighborhood occupancy trends sit above the national median, according to WDSuite’s commercial real estate analysis, suggesting renter demand that can support steady leasing in this inner-suburban location.
Neighborhood Overview
The property sits in an inner suburban pocket of the Dallas-Plano-Irving metro where parks access is a standout strength while day-to-day retail is thinner nearby. Park coverage ranks among the top quartile nationally, whereas cafes, groceries, and pharmacies are limited in the immediate neighborhood, which can influence resident convenience and drive-to-retail patterns.
From an investor lens, neighborhood rents benchmark above the national median and occupancy is also above the national midpoint, based on CRE market data from WDSuite. That combination points to durable demand even as leasing decisions may remain price-sensitive.
Demographic signals within a 3-mile radius point to a growing tenant base: population and households have increased in recent years and are projected to expand further over the next five years, which supports leasing stability. Household incomes have trended higher, widening the pool for market-rate units.
Tenure patterns show a majority of housing units are owner-occupied with a meaningful renter-occupied share. For multifamily investors, that implies a stable but not oversupplied renter pool, with demand supported by local employment nodes and household growth rather than heavy concentrations of transient renters.
Home values in the neighborhood sit high relative to local incomes, which can sustain reliance on rental housing and support retention, while a relatively elevated rent-to-income ratio warrants attentive lease management and renewals strategy.
Safety Context
Safety indicators trail many Dallas-Plano-Irving neighborhoods and are below the national median for safety. The neighborhood’s crime rank is 816 out of 1,108 metro neighborhoods, and national percentiles for both property and violent offenses are in the lower ranges, so investors should plan for pragmatic on-site security measures and resident engagement.
Recent data also show year-over-year improvement in property offense rates, according to WDSuite’s CRE data, which is worth monitoring alongside standard risk mitigation (lighting, access control, and coordination with local resources).
Anchor Employers
Nearby corporate headquarters in telecom, healthcare, engineering, building materials, and energy provide a broad employment base that supports renter demand and commute convenience for residents.
- AT&T — telecom (12.4 miles) — HQ
- Tenet Healthcare — healthcare services (12.7 miles) — HQ
- Jacobs Engineering Group — engineering (12.8 miles) — HQ
- Builders Firstsource — building materials (12.9 miles) — HQ
- Hollyfrontier — energy (13.3 miles) — HQ
Why Invest
Built in 2008, the asset is newer than much of the surrounding housing stock and can compete well against older properties while still benefiting from selective modernization to enhance positioning. Neighborhood rents and occupancy trend above national midpoints, supporting a case for steady leasing in an inner-suburban setting.
Within a 3-mile radius, population and households have grown and are projected to increase further, expanding the renter pool and supporting occupancy stability. According to CRE market data from WDSuite, an ownership market that is high-cost relative to incomes can reinforce reliance on rental housing, while a relatively elevated rent-to-income ratio warrants disciplined renewal and pricing strategies.
- 2008 vintage offers competitive positioning versus older local stock with targeted value-add upside
- Rents and occupancy above national midpoints support durable cash flow potential
- Expanding 3-mile population and household counts deepen the tenant base and support leasing
- Risks: below-median safety metrics and limited nearby retail density call for proactive operations and security planning