| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1225 N Meadows Dr, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 2000 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1225 N Meadows Dr Granbury 23-Unit Multifamily
Renter concentration and steady 3-mile household growth point to a durable tenant base, according to WDSuite’s CRE market data.
This Inner Suburb neighborhood is competitive among Granbury neighborhoods (ranked 3 of 21) and carries an A rating, signaling solid local fundamentals for multifamily investors. Parks rank first out of 21 and grocery and pharmacy access are above the metro median, while cafés are limited. Average school ratings sit near the national middle, which supports broad appeal without commanding premium rent expectations.
Within a 3-mile radius, population and households have expanded in recent years, and forecasts point to further growth through 2028. This expanding renter pool supports occupancy stability and leasing depth for smaller assets like a 23-unit property.
Renter-occupied share is around four in ten housing units locally, indicating a meaningful tenant base for multifamily. Neighborhood occupancy is in the mid‑80% range and has improved over the past five years, suggesting demand resilience even as supply dynamics shift.
Home values are elevated for the area and the value-to-income ratio sits high relative to national norms, which tends to reinforce reliance on rental housing and can aid lease retention. With median contract rents near the local mid-range and a rent-to-income ratio around 0.22, affordability pressure appears manageable, supporting pricing power without overextending residents.
Vintage matters: the property’s 2000 construction is newer than the neighborhood’s average 1966 vintage, offering competitive positioning versus older stock while leaving room for targeted modernization to enhance rents and control long-term capital planning.
Comparable neighborhood safety rankings are not available in WDSuite for this location. Investors typically benchmark trends against city and county metrics and review multi-year patterns to understand directionality rather than relying on a single snapshot.
Given the absence of a ranked crime dataset here, prudent underwriting would incorporate third-party public sources and property-level historicals to contextualize risk alongside local leasing performance.
Regional employers within commuting distance help support renter demand and retention for workforce-oriented units, including manufacturers and a major homebuilder headquarters noted below.
- Ball Metal Beverage Packaging — manufacturing (32.1 miles)
- Parker Hannifin Corporation — manufacturing (32.7 miles)
- D.R. Horton — homebuilding (35.4 miles) — HQ
1225 N Meadows Dr offers a 23‑unit, 2000‑vintage asset positioned in a neighborhood that ranks competitively (3 of 21) within Granbury. The area shows steady 3‑mile population and household expansion, a meaningful renter-occupied share, and improving neighborhood occupancy in the mid‑80% range—signals that support demand depth and leasing stability. Elevated ownership costs relative to incomes reinforce reliance on rentals, while rent levels and a rent‑to‑income ratio near 0.22 suggest room for measured revenue management without undue retention risk.
The property’s newer vintage versus the local 1960s average improves competitive standing against older stock; targeted modernization and systems updates can further differentiate while keeping capital planning predictable. According to CRE market data from WDSuite, neighborhood amenities—especially parks, groceries, and pharmacies—compare favorably in the metro, supporting livability for residents and helping sustain occupancy.
- Competitive neighborhood position (3 of 21) with improving occupancy supporting leasing stability
- 3-mile population and household growth expands the renter pool and supports absorption
- Elevated ownership costs bolster multifamily demand and potential retention
- 2000 vintage versus 1960s neighborhood stock offers competitive positioning with value-add upside
- Risk: limited nearby café density and commuting distances to major employers may temper premium rent potential