| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 47th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 905 Paluxy Rd, Granbury, TX, 76048, US |
| Region / Metro | Granbury |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | 2013-02-28 |
| Transaction Price | $2,125,000 |
| Buyer | COURTYARD GRANBURY LLC |
| Seller | SHILEN DOUGLAS |
905 Paluxy Rd Granbury Multifamily Investment Opportunity
Positioned in an inner-suburb pocket of Granbury with a balanced renter base, this asset benefits from steady neighborhood occupancy and solid amenity access, according to WDSuite’s CRE market data.
The property sits in an A-rated Inner Suburb neighborhood that ranks 3rd among 21 metro neighborhoods, indicating competitive fundamentals relative to the local market. Neighborhood occupancy is reported at 84.0% (neighborhood measure, not the property), suggesting stable leasing conditions with some room for absorption under disciplined pricing and operations.
Livability drivers are favorable for daily needs: restaurants density ranks 2nd of 21 and grocery/pharmacy access both place near the front of the pack (3rd of 21), while park access ranks 1st of 21 — collectively placing amenities in the top quartile locally and mid-to-upper tiers nationally. School ratings sit around the metro’s above-median range (7th of 21 with an average of 2.6/5), which may support family retention but could cap premium rent positioning near the top of the market.
Tenure patterns indicate a meaningful renter-occupied share (42.6% of housing units at the neighborhood level), providing depth to the tenant base and supporting demand stability for a 48-unit community. Median contract rent sits in the mid-market range and has grown over the past five years, aligning with a rent-to-income ratio of 0.22 at the neighborhood level — a signal that affordability pressure is manageable for sustained lease retention with prudent rent management.
Within a 3-mile radius, demographics show recent population and household growth with additional gains projected over the next five years, pointing to a larger tenant base and continued renter pool expansion. Elevated home values relative to incomes (value-to-income ranks near the top locally and higher nationally) characterize a higher-cost ownership landscape for buyers, which tends to sustain multifamily demand and support pricing power when paired with thoughtful lease management and renewal strategies.
Vintage context matters here: built in 1985, the asset is newer than the neighborhood’s average vintage (1966). That relative age positioning can enhance competitiveness versus older stock while still warranting targeted updates to common areas, interiors, and building systems to meet renter expectations and capture renovation-driven upside.
Comparable safety data for this specific neighborhood are not published in WDSuite for the current period. As with any submarket outside major urban cores, investors typically benchmark city and county crime trends, then underwrite property-level measures such as lighting, access control, and visibility to support resident comfort and retention.
A practical approach is to compare multi-year trends at the Granbury and Hood County levels, evaluate nearby arterial visibility, and incorporate on-site management practices into operations planning. This provides a consistent framework for assessing relative risk without over-relying on incomplete block-level statistics.
Regional employment nodes within commuting distance include advanced manufacturing and corporate headquarters, which can support workforce housing demand and lease retention for residents commuting to nearby job centers: Ball Metal Beverage Packaging, Parker Hannifin, and D.R. Horton.
- Ball Metal Beverage Packaging — manufacturing (31.8 miles)
- Parker Hannifin Corporation — industrial & engineering (32.4 miles)
- D.R. Horton — homebuilding (35.1 miles) — HQ
905 Paluxy Rd offers a 48-unit 1985-vintage platform in an A-rated Inner Suburb location where neighborhood occupancy, amenity access, and a balanced renter-occupied share point to resilient leasing fundamentals. The asset’s vintage is newer than the local average, creating a path to outperform older comparables with focused capital planning on interiors and systems to unlock value-add rent premiums.
Ownership costs remain elevated relative to incomes in the neighborhood, reinforcing sustained reliance on multifamily housing, while rent-to-income levels indicate room for disciplined rent growth and retention-focused lease management. Based on CRE market data from WDSuite, neighborhood rents sit in the mid-market range with multi-year growth, and 3-mile radius demographics show recent and projected increases in population and households — signals that support occupancy stability and long-term demand.
- 1985 vintage newer than local average, enabling competitive positioning with targeted upgrades
- A-rated Inner Suburb with top-quartile amenity access supporting leasing and renewals
- Balanced renter-occupied share underpins depth of tenant base and demand resilience
- Elevated ownership costs sustain multifamily demand and support pricing power with prudent lease management
- Risks: commuting dependence on regional employers and moderate school ratings may temper top-end rent premiums