| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1301 N Meadows Dr, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1301 N Meadows Dr, Granbury TX Multifamily Investment
Neighborhood occupancy has trended upward and renter concentration is comparatively high for the area, according to WDSuite s CRE market data, supporting durable demand for a 24-unit asset in an inner-suburban Granbury location.
Granbury s inner-suburban setting offers everyday convenience with parks, groceries, and pharmacies close by. Within the metro context of 21 neighborhoods, park access ranks 1st, grocery access ranks 3rd, and pharmacy access ranks 3rd each placing the area in the top quartile among 21 Granbury neighborhoods. Restaurant density ranks 2nd of 21, while caf e9 density is limited, signaling dining variety with fewer coffee shop options. Average school ratings are around 2.6 out of 5, a consideration for family-focused leasing strategies.
The property s 1996 vintage is newer than the neighborhood s average construction year of 1966. For investors, this typically means a more competitive position versus older stock, though budgeting for modernization of building systems and common areas remains prudent over the hold.
Unit tenure data points to a sizable renter base: the neighborhood s share of renter-occupied housing is elevated (82nd percentile nationally), which underpins tenant depth and helps support leasing stability. Neighborhood occupancy has improved over the past five years, reinforcing the potential for steady performance at comparable assets; note that this metric reflects the surrounding neighborhood, not the specific property.
Demographic statistics aggregated within a 3-mile radius show population growth alongside a rising household count over the last five years, with forecasts indicating further increases in households through 2028. This trend suggests a larger tenant base and supports occupancy stability. Rent-to-income levels in the area indicate manageable affordability pressure for many renters, while elevated ownership costs relative to incomes (high value-to-income ranking locally) suggest a high-cost ownership market that can sustain rental demand.
Comprehensive crime metrics for this specific neighborhood are not available in WDSuite s dataset. Investors typically contextualize safety by reviewing city and county trend data, property-level security measures, and feedback from local stakeholders to gauge how the area compares within the Granbury region.
Regional employment access is supported by manufacturing and corporate employers within commuting range, which can bolster renter demand for workforce-oriented housing. The list below highlights proximate employers relevant to this submarket.
- Ball Metal Beverage Packaging manufacturing (32.1 miles)
- Parker Hannifin Corporation industrial & engineering (32.8 miles)
- D.R. Horton homebuilding (35.4 miles) HQ
This 24-unit, 1996-vintage asset benefits from a renter-heavy neighborhood with improving occupancy and strong access to everyday amenities. Compared with older local stock, the vintage can offer competitive positioning while leaving room for targeted value-add to common areas and in-unit finishes. According to CRE market data from WDSuite, the surrounding neighborhood shows higher renter-occupied share and an upward occupancy trend, supporting leasing resilience.
Demographic statistics within a 3-mile radius indicate recent population and household growth with additional household expansion forecast through 2028, pointing to a deeper tenant base over time. Elevated ownership costs relative to incomes locally help sustain reliance on rental housing, while proximity to regional employers supports retention for residents with commuting needs.
- Renter-heavy neighborhood supports stable tenant demand
- 1996 construction offers competitive positioning vs. older submarket stock
- 3-mile demographics show growing households, reinforcing occupancy potential
- Everyday amenities rank in the top tier within the Granbury metro
- Risks: moderate school ratings and limited caf e9 density may affect certain renter segments