| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 51st | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5513 Lake Hubbard Pkwy, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5513 Lake Hubbard Pkwy Garland Multifamily Investment
High renter concentration in the surrounding neighborhood points to a durable tenant base even as occupancy trends lag metro norms, based on CRE market data from WDSuite.
Located in Garland within the Dallas-Plano-Irving metro, the property sits in an inner-suburban neighborhood rated C that is below the metro median overall (rank 851 among 1,108 neighborhoods). Despite softer neighborhood occupancy relative to the metro, a high share of renter-occupied housing units indicates depth of demand for multifamily, which can support leasing continuity and renewal probability.
Daily-needs access is a relative strength: grocery availability ranks well above national norms (around the 76th percentile), while restaurants are competitive versus many suburban areas. However, the immediate area has limited café, park, and pharmacy density, so residents rely more on nearby retail corridors rather than walkable amenity clusters. For investors, that means demand skews toward value- and convenience-oriented renters rather than lifestyle-driven premiums.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, with forecasts indicating further increases in households and a modest shift toward smaller household sizes. This points to a larger tenant base and steady renter pool expansion, which can help stabilize occupancy and support lease-up velocity over time, according to WDSuite’s commercial real estate analysis.
Ownership costs in the neighborhood are comparatively accessible by national standards, which can introduce some competition from entry-level ownership. Even so, rents benchmarked against incomes indicate manageable affordability pressure locally, which tends to aid retention and reduce turnover volatility. Household sizes in the neighborhood skew larger than national norms, reinforcing demand for practical floor plans and parking rather than boutique amenity packages.
Safety indicators for the neighborhood are below the metro average (crime rank 661 among 1,108 Dallas-area neighborhoods) and sit below the national median overall. That said, property offenses show a meaningful year-over-year improvement, placing the neighborhood in the top quartile for recent reduction momentum nationally. Investors should plan for standard security and lighting upgrades, with attention to site visibility and access control to support resident retention.
The area draws on a diverse employment base spanning homebuilding, electronics distribution, life sciences, defense, and semiconductors, supporting workforce housing demand and commute convenience for renters at this location.
- D.R. Horton, America's Builder — homebuilding (2.2 miles)
- Avnet Electronics — electronics distribution (11.4 miles)
- Thermo Fisher Scientific — life sciences (11.5 miles)
- General Dynamics — defense & aerospace offices (12.0 miles)
- Texas Instruments — semiconductors (12.7 miles) — HQ
This 28-unit Garland asset benefits from a high concentration of renter-occupied housing in the surrounding neighborhood, grocery-access convenience, and proximity to diversified employment nodes across East Dallas and Richardson. While neighborhood occupancy runs below metro benchmarks, 3-mile demographic trends point to continued household growth and a gradually expanding renter pool that can underpin leasing stability and renewal traction, according to CRE market data from WDSuite.
Relative home values nearby are more accessible than many national peers, which can create some competition from ownership. Even so, rent-to-income dynamics suggest manageable affordability pressure that can support retention. Operational focus should prioritize resident experience, security visibility, and cost-effective unit refreshes aligned with practical demand drivers rather than premium amenity spend.
- Strong renter-occupied housing share supports depth of tenant base
- 3-mile population and household growth indicates ongoing renter pool expansion
- Proximity to diversified employers underpins demand and lease retention
- Grocery-access convenience offsets limited café and park density
- Risk: neighborhood safety and below-metro occupancy warrant active management and site security planning