1400 W Swan St, Stephenville TX — 1980 Vintage Multifamily with Value-Add Upside

Stephenville’s Inner Suburb setting provides everyday convenience with parks and groceries within practical reach. The neighborhood’s amenity rank is competitive locally (2 of 19 metro neighborhoods), while amenity depth is closer to average nationally, signaling solid daily-living fundamentals without big-city density.

Renter-occupied housing comprises a majority of units in the neighborhood (53% of housing units are renter-occupied), placing the area in the top decile nationally for renter concentration. For investors, that indicates a deep tenant pool and supports leasing velocity and renewal prospects, though it also warrants disciplined lease management and resident services.

Within a 3-mile radius, households have grown in recent years and are projected to expand further through 2028, even as average household size trends lower. This combination typically points to a larger tenant base and steady absorption of rental product. A sizable share of 18–34-year-olds reinforces near-term rental demand, which can benefit occupancy stability for well-managed assets.

Ownership costs are relatively elevated versus local incomes (national positioning around the upper third on value-to-income), which tends to keep the rental option compelling and can sustain renter reliance on multifamily housing. At the same time, neighborhood median rents benchmark below national levels, supporting retention and reducing affordability pressure relative to many metros.