| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 58th | Good |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3440 Corinth Pkwy, Corinth, TX, 76208, US |
| Region / Metro | Corinth |
| Year of Construction | 2003 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3440 Corinth Pkwy, Corinth TX Multifamily Investment
Neighborhood occupancy is steady and incomes are high, supporting renter demand and measured pricing power, according to WDSuite’s CRE market data. Elevated ownership costs in the area further sustain reliance on multifamily housing.
This suburban pocket of Corinth sits within the Dallas–Plano–Irving metro and shows balanced fundamentals for workforce and professional renters. Neighborhood occupancy is around the metro median with a national standing near the 60th percentile, suggesting generally stable lease-up and retention without outsized turnover pressure.
Amenity density is limited locally (restaurants, cafes, grocery, and pharmacy options are sparse), though park access is comparatively better, placing the neighborhood around the top quartile nationally for parks. Investors should plan for on-site conveniences or partnerships to offset the thinner retail mix nearby.
Renter concentration within the neighborhood is on the lower side, indicating a market with more owner-occupied housing and relatively limited multifamily stock. However, within a 3-mile radius, renters account for roughly a quarter of housing units today with projections for a larger renter share by mid-decade, pointing to an expanding tenant base and added depth for leasing.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue increasing, which supports a larger tenant base and helps underpin occupancy stability. Household incomes are strong and rising in the area, and elevated home values create a high-cost ownership market that can reinforce apartment demand and support disciplined rent growth and retention strategies. Neighborhood rents trend above the metro median, aligning with the income profile while keeping rent-to-income ratios comparatively manageable for many tenants.
Relative to the Dallas–Plano–Irving metro’s 1,108 neighborhoods, this area ranks competitively on overall crime (in the stronger cohort of the metro). Nationally, the neighborhood sits in a safer position for both property offenses (top decile) and violent offenses (above-average percentile), indicating a generally favorable safety backdrop for multifamily operations.
Recent trends are mixed: property offense rates have eased slightly year over year, while violent offense rates rose versus the prior year. For investors, the takeaway is to monitor trend volatility while recognizing that the broader safety position remains comparatively strong versus national benchmarks.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably in consumer, technology, and services. The employers below represent realistic drivers of leasing stability tied to professional and managerial workforces.
- Xerox Corporation — corporate offices (9.8 miles)
- Stryker — corporate offices (10.9 miles)
- Yum China Holdings — corporate offices (13.8 miles) — HQ
- J.C. Penney — corporate offices (13.8 miles) — HQ
- Alliance Data Systems — corporate offices (14.2 miles) — HQ
The property’s Corinth location benefits from steady neighborhood occupancy, strong household incomes, and an expanding 3-mile renter pool. Elevated ownership costs and rent levels that sit above the metro median—paired with a low rent-to-income profile—support durable demand and measured pricing power without overextending tenants.
Population and household growth within 3 miles, along with rising income projections, point to a larger tenant base that can sustain leasing and retention. Amenity density is lighter than urban Dallas submarkets, but proximity to diversified corporate employers and comparatively favorable safety metrics provide counterbalance, according to CRE market data from WDSuite.
- Steady neighborhood occupancy with above-metro-median rents supports stable cash flow potential
- Strong and rising 3-mile incomes with elevated ownership costs reinforce multifamily demand
- Expanding 3-mile population and households indicate a growing renter base and leasing depth
- Nearby corporate offices contribute to employment-driven demand and retention
- Risks: lighter amenity density locally and recent volatility in violent offense trends warrant monitoring