| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 W Pearl St, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1976 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1201 W Pearl St Granbury Multifamily Investment
Neighborhood data points to durable renter demand supported by rising rents and elevated ownership costs in the area, according to WDSuite’s CRE market data. Focus for investors: leverage the submarket’s renter depth while managing occupancy and value-add positioning.
Granbury’s inner-suburb location combines day-to-day convenience with lifestyle draws. The neighborhood ranks 3rd of 21 metro neighborhoods (A rating), reflecting a balanced profile with access to parks and daily needs. Park access ranks 1st of 21 and sits in the top quartile nationally, while groceries (3rd of 21) and restaurants (2nd of 21) support resident convenience and lease retention.
At the neighborhood level, median contract rent trends are above many peers (8th of 21; national percentile 66), and home values are comparatively elevated (7th of 21; national percentile 64). A high value-to-income ratio (2nd of 21; national percentile 78) signals a high-cost ownership market locally, which can sustain reliance on rental housing and support pricing power when balanced with resident affordability.
Neighborhood occupancy is reported at 84% and has edged higher over the past five years; however, its metro rank (16th of 21) indicates investors should underwrite to thoughtful leasing strategies rather than assuming full stabilization. Importantly, renter-occupied housing concentration is the highest in the metro (42.6%; 1st of 21; national percentile 82), indicating a sizable tenant base that can support absorption for well-positioned assets.
Demographics aggregated within a 3-mile radius show population and household growth, with households expanding faster than population in recent years—implying more households entering the market and a broader tenant base. The area’s average school rating lands around the metro’s better-performing tier (7th of 21; near the national middle at the 51st percentile), which can aid family renter retention. The average building vintage in the neighborhood skews older (1966), giving a 1976 asset relative competitiveness versus older stock, while still warranting selective system upgrades or modernizations to anchor long-term positioning.
Neighborhood-level crime estimates are not available in WDSuite’s current dataset for this location. Investors should benchmark local safety context using multiple sources and compare trends to similar Granbury submarkets to validate leasing assumptions and insurance planning.
Regional employment is diversified across manufacturing and homebuilding, supporting commuter demand from Granbury. The employers below illustrate the nearby job base that can contribute to renter stability for workforce-oriented units.
- Ball Metal Beverage Packaging — packaging manufacturing (31.7 miles)
- Parker Hannifin Corporation — industrial manufacturing (32.2 miles)
- D.R. Horton — homebuilding (34.9 miles) — HQ
This 72-unit, 1976-vintage asset benefits from a renter-heavy neighborhood profile and improving rent benchmarks. According to CRE market data from WDSuite, the area posts the metro’s highest renter-occupied share alongside above-median rent positioning and comparatively elevated home values, reinforcing rental reliance and supporting rent growth potential with prudent lease management. As a 1976 property in a neighborhood whose average stock dates to 1966, the asset should compete well against older comparables; investors may still plan for selective modernization and system updates to enhance durability and capture value-add upside.
Demand fundamentals are supported by 3-mile population and household growth, which expand the tenant base and can aid occupancy stability for well-operated communities. Underwriting should account for neighborhood occupancy sitting below the metro median and for the potential pull toward ownership over the next cycle, balancing pricing power with affordability and retention risk management.
- Strong renter concentration within the metro supports tenant depth and absorption
- Elevated home values and above-median rents reinforce reliance on multifamily housing
- 1976 vintage offers competitive positioning versus older neighborhood stock with targeted upgrades
- 3-mile household and population growth expands the prospective renter pool
- Risks: neighborhood occupancy below metro median and potential shift toward ownership require active leasing and retention strategy