| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 13th | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 129 Park Hills Dr, Waxahachie, TX, 75165, US |
| Region / Metro | Waxahachie |
| Year of Construction | 2010 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
129 Park Hills Dr Waxahachie Multifamily Investment
2010-vintage, 84-unit asset positioned in an Inner Suburb location with neighborhood occupancy holding near the national middle, according to WDSuite’s CRE market data. Renter concentration around half of local housing stock supports a stable tenant base and steady leasing.
Waxahachie’s Inner Suburb setting offers day-to-day convenience with a balanced amenity mix. Neighborhood cafes sit in the top quartile nationally, while grocery access trends above the national average; parks access is also stronger than typical U.S. neighborhoods. Childcare and pharmacy density are thinner, indicating potential service gaps investors should factor into resident expectations and tenant retention planning, based on CRE market data from WDSuite.
At the neighborhood level, occupancy trends are near the U.S. middle over the last cycle, supporting baseline stability rather than outsized volatility. The neighborhood’s amenity rank is competitive among Dallas–Plano–Irving neighborhoods (ranked 439 out of 1,108), reinforcing livability for workforce renters without relying on destination retail.
Tenure data indicates a renter-occupied share close to half of local housing units, which points to meaningful depth in the tenant base and supports ongoing multifamily demand. Median contract rents in the neighborhood sit around the national middle, and the rent-to-income ratio trends on the lower side for renters, which can aid lease retention and limit turnover pressure.
Demographic statistics within a 3-mile radius show recent household growth alongside modest population change, expanding the addressable renter pool. Forward-looking projections indicate notable increases in both households and incomes over the next five years, which should support occupancy stability and measured rent growth if new supply remains disciplined.
The property’s 2010 construction stands newer than the area’s older housing stock, giving it a competitive position versus prewar and mid-century buildings. Investors should still budget for normal system updates over the hold, but the vintage supports curb appeal and operational competitiveness in a submarket with varied product ages.
Comparable, metro-ranked crime data for this neighborhood is not available in the current WDSuite release, limiting precise benchmarking. Investors typically evaluate safety through multiple sources, including city reports and property-level history, and consider how on-site management, lighting, and access controls can support resident comfort and lease retention.
Regional headquarters and major corporate offices within commuting range underpin a broad employment base that supports renter demand and leasing stability. Nearby employers include AT&T, Jacobs Engineering Group, Tenet Healthcare, Builders FirstSource, and HollyFrontier.
- AT&T — telecommunications (28.7 miles) — HQ
- Jacobs Engineering Group — engineering & professional services (29.0 miles) — HQ
- Tenet Healthcare — healthcare services (29.0 miles) — HQ
- Builders Firstsource — building materials (29.1 miles) — HQ
- Hollyfrontier — energy (29.6 miles) — HQ
129 Park Hills Dr offers an 84-unit, 2010-vintage position in an Inner Suburb with neighborhood occupancy around the national middle and a renter-occupied share near half of local units. The asset’s newer construction provides a competitive edge versus the area’s largely older housing stock, helping sustain leasing and reduce near-term capital friction, while still warranting routine system upgrades over the hold. According to CRE market data from WDSuite, neighborhood rents and rent-to-income sit in manageable ranges, supporting lease retention and limiting affordability pressure.
Within a 3-mile radius, recent household gains and income growth expand the tenant base, and forward projections show meaningful increases in households and incomes over the next five years—favorable for occupancy stability and pricing power if incremental supply stays measured. Home values trend higher relative to local incomes, which typically sustains reliance on rental housing and can support tenant retention in professionally managed communities.
- 2010 vintage competitive versus older neighborhood stock, supporting operations and leasing
- Renter-occupied share near half of units indicates depth in tenant demand
- Household and income growth within 3 miles support occupancy stability and rentability
- Neighborhood rents and rent-to-income in manageable ranges aid lease retention
- Risks: thinner childcare/pharmacy access and potential renter share shifts require active leasing strategy