| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 27th | Poor |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 924 Hilltop Dr, Irving, TX, 75060, US |
| Region / Metro | Irving |
| Year of Construction | 1972 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
924 Hilltop Dr Irving Multifamily Investment
Neighborhood metrics point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with figures reflecting the surrounding neighborhood rather than the property itself.
Irving’s inner-suburb setting supports multifamily fundamentals with a renter-occupied share near half of local housing units, indicating a sizable tenant base. Neighborhood occupancy trends sit in the top quartile nationally, helping stabilize cash flow through cycles based on CRE market data from WDSuite.
Within a 3-mile radius, households and families have grown modestly while average household size ticked lower, a mix that typically expands the pool of renters and supports occupancy stability. Median contract rents have risen over the last five years, yet the rent-to-income profile remains relatively manageable, which can aid renewals and reduce turnover risk.
Local convenience is mixed: parks and childcare access rank in the top decile nationally, while cafes and pharmacies are sparse and grocery access is moderate. For investors, that combination suggests everyday needs are largely covered, though retail optionality is not as dense as core urban submarkets.
Home values in the neighborhood track close to national midpoints, which can sustain rental demand by positioning apartments as a more accessible option relative to ownership. Education ratings are not available in this dataset; investors should underwrite to nearby school performance separately if that is material to demand.
Safety indicators are mixed relative to national benchmarks. Overall crime levels track slightly below the national median for safety, while property and violent offense rates benchmark weaker nationally; however, year-over-year declines in both categories point to recent improvement, according to WDSuite’s CRE market data. These figures reflect neighborhood conditions, not the specific property, and investors should validate trends with current local reporting.
Proximity to major corporate employers underpins a diverse commuter tenant base and supports leasing durability. Notable nearby employers include Kimberly-Clark, Celanese, Express Scripts, Xerox, and American Airlines Group.
- Kimberly-Clark — consumer products HQ (4.5 miles) — HQ
- Celanese — specialty materials HQ (4.6 miles) — HQ
- Express Scripts — pharmacy benefit management (5.2 miles)
- Xerox — business services (5.7 miles)
- American Airlines Group — airline HQ (5.9 miles) — HQ
The investment case centers on stable renter demand and strong neighborhood occupancy, which ranks among the top quartile nationally. A renter-occupied share near half of housing units indicates a broad tenant base, while rent-to-income levels remain comparatively manageable, supporting retention and pricing discipline. According to CRE market data from WDSuite, local home values sit near national midpoints, reinforcing reliance on multifamily as a practical option versus ownership.
Forward demographic patterns within a 3-mile radius show incremental household growth and smaller average household sizes, which typically increases the number of households competing for available units and underpins occupancy. Amenity access is strongest in parks and childcare, with lighter retail density, an input for underwriting around convenience expectations and marketing strategy.
- High neighborhood occupancy supports income stability
- Large renter base and manageable rent-to-income aid retention
- Proximity to major employers broadens demand and leasing depth
- Neighborhood home values near national midpoints reinforce rental demand
- Risks: mixed safety benchmarking and lighter retail density may require targeted management and marketing