| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 45th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 W Highway 287 Byp, Waxahachie, TX, 75165, US |
| Region / Metro | Waxahachie |
| Year of Construction | 1983 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1301 W Highway 287 Byp, Waxahachie — 52-Unit 1983 Asset
Neighborhood multifamily demand is supported by above-median occupancy and a sizable renter base measured for the immediate area, according to WDSuite s CRE market data. Investors should view this as steady, commuter-friendly exposure within the Dallas-Plano-Irving metro, with rents positioned to capture growth while maintaining tenant retention.
Located in an inner-suburban pocket of Waxahachie within the Dallas-Plano-Irving metro, the neighborhood posts a B+ rating and ranks 394 out of 1,108 metro neighborhoods, placing it above the metro median in overall fundamentals based on WDSuite s CRE market data. Neighborhood occupancy is 94.8% (543 of 1,108), also above the metro median, suggesting stable leasing conditions for multifamily assets nearby rather than property-specific performance.
Daily-needs access is a relative strength: grocery density ranks 38 of 1,108 in the metro (97th percentile nationally), and restaurants rank 140 of 1,108 (90th percentile nationally) — competitive among Dallas metro neighborhoods and supportive of renter convenience. Caf E9 density (rank 213 of 1,108; 82nd percentile nationally) further reinforces amenity depth. However, parks and pharmacies show the lowest metro ranks, indicating limited green space and pharmacy presence within the immediate neighborhood; residents likely rely on nearby districts for those needs.
Schools around the neighborhood average 2.5 out of 5 (349 of 1,108; around the national median). For workforce-oriented product, this positions the area as serviceable, but not a school-driven demand node. Median contract rents in the neighborhood sit in the upper half nationally (67th percentile), while the rent-to-income ratio (0.19; 32nd percentile nationally) indicates relatively modest affordability pressure — a constructive setup for retention and measured pricing power.
Within a 3-mile radius, population has expanded by roughly a quarter over five years with households up over 20%, and WDSuite s outlook anticipates further growth through 2028 alongside a slight reduction in average household size. For multifamily, this combination points to a larger tenant base and continued absorption potential. The neighborhood s typical construction vintage skews newer (average 2007), while the subject asset s 1983 vintage suggests potential value-add and capital planning opportunities to remain competitive against younger stock.
Home values in the neighborhood sit near national mid-range levels, and a lower value-to-income ratio compared with many coastal markets means ownership can be more attainable locally. For investors, that implies balanced dynamics: deep enough renter demand to support occupancy, with some competition from entry-level ownership that may influence leasing strategy and amenity positioning.
Neighborhood-level crime rankings are not available for this location in the current WDSuite data release. Investors typically benchmark safety using multiple sources and time horizons and compare trends across nearby Dallas-Plano-Irving neighborhoods to understand relative positioning and potential implications for leasing and retention.
Regional employment is anchored by Dallas-area corporate headquarters within roughly 25–30 miles, supporting a commuter tenant base and leasing stability for workforce and mid-market units. Notable nearby employers include AT&T, Tenet Healthcare, Jacobs Engineering Group, Builders FirstSource, and HollyFrontier.
- AT&T F telecommunications (24.8 miles) F HQ
- Tenet Healthcare F healthcare services (25.2 miles) F HQ
- Jacobs Engineering Group F engineering & professional services (25.2 miles) F HQ
- Builders Firstsource F building materials (25.3 miles) F HQ
- Hollyfrontier F energy (25.8 miles) F HQ
This 52-unit, 1983-vintage asset offers exposure to an inner-suburban Dallas submarket where neighborhood occupancy trends are above the metro median and amenity access is strong for daily needs. Based on CRE market data from WDSuite, the surrounding neighborhood s renter-occupied share is competitive among Dallas neighborhoods and rent-to-income levels indicate manageable affordability pressure — conditions that support leasing durability and measured rent growth rather than outsized volatility.
The property s older vintage relative to the neighborhood average (2007) points to clear value-add angles and capital planning to sharpen competitive positioning versus newer stock. Within a 3-mile radius, recent population and household growth — with further gains forecast — expands the local tenant base and underpins demand. Balanced homeownership costs in this area may introduce some competition with entry-level buyers, but continued in-migration and employment depth across Dallas s HQ cluster provide durable demand drivers for well-managed multifamily.
- Above-metro-median neighborhood occupancy supports stable leasing conditions
- 3-mile population and household growth expand the tenant base
- 1983 vintage provides value-add and modernization potential versus newer nearby stock
- Amenity depth (groceries, dining) enhances renter convenience and retention
- Risks: limited nearby parks/pharmacies, some competition from ownership options, and capex needs typical of older assets