| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 31st | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 703 E Interstate 30, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
703 E Interstate 30 Garland Multifamily Investment
Inner-suburban Garland shows steady renter demand supported by nearby jobs and everyday amenities, according to WDSuites CRE market data. Neighborhood occupancy trends should be monitored, but population and household growth in the 3-mile area point to a durable tenant base.
Livability and renter demand
The immediate neighborhood rates above the Dallas-Plano-Irving metro median overall (rank 807 of 1,108), with strengths in outdoor and daily-needs access. Parks density sits in the top quartile nationally, and grocery options track around the upper-third nationwide, while restaurants are competitive; cafes and pharmacies are sparse. This mix supports day-to-day convenience but points to limited cafe-driven foot traffic.
Within a 3-mile radius, demographics indicate a larger tenant base over time: population and households have expanded in recent years, with additional household growth projected by 2028. Median incomes have trended higher, which can support rent levels and retention, while a renter-occupied share around two-fifths suggests a meaningful pool of multifamily demand alongside a sizable owner base.
Neighborhood occupancy (measured for the neighborhood, not the property) trends below national norms and has softened versus five years ago. For investors, that underscores the importance of asset-level execution, competitive finishes, and targeted leasing to capture demand from income-stable households in the trade area.
Comparative positioning
Amenity access is above the metro median (rank 538 of 1,108) but below national averages overall. Parks score in the top quartile nationally, groceries around the 70th percentile, and restaurants near the upper-third, while cafe and pharmacy counts are minimal. Average school ratings trail national benchmarks, which may modestly influence household preferences; positioning the asset on value, convenience, and access to employment can help offset this in leasing.
Safety context
Compared with Dallas-Plano-Irving neighborhoods, the areas crime rank sits on the riskier side (rank 233 of 1,108; lower rank indicates more crime in this metro comparison). Nationally, recent violent-offense levels are around average (49th percentile), while property offenses trend higher than many areas (34th percentile). Notably, both violent and property offenses show year-over-year improvement, with declines ranking in the upper tiers nationally, suggesting a constructive trend to monitor.
Proximity to corporate offices in homebuilding, life sciences, semiconductors, defense, and energy supports a broad commuter tenant base and can aid leasing stability.
- D.R. Horton homebuilding corporate offices (2.6 miles)
- Thermo Fisher Scientific life sciences (11.0 miles)
- Texas Instruments semiconductors (11.9 miles) — HQ
- Raytheon defense & aerospace offices (12.5 miles)
- Energy Transfer Equity energy infrastructure (14.1 miles) — HQ
This locations strength lies in broad renter demand supported by household growth and income gains within a 3-mile radius, plus access to parks and daily-needs retail. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends are softer than national benchmarks, so execution on property condition, value positioning, and leasing strategy will be central to sustaining performance.
Homeownership costs in the neighborhood track in the mid-range relative to incomes, which can sustain reliance on rental housing and support pricing power where unit quality and management are competitive. Recent improvements in offense rates are a constructive signal, though investors should continue to track local safety and school perceptions alongside asset-level upgrades.
- Growing 3-mile renter pool and rising incomes support demand depth and lease retention
- Parks and grocery access above metro median enhance everyday livability and leasing
- Mid-range ownership costs reinforce multifamily relevance and potential pricing power
- Risk: Neighborhood occupancy and school ratings require diligent asset positioning and management
- Risk: Safety ranks weaker in the metro context even as recent trends improve