| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 S Hampton Rd, Crowley, TX, 76036, US |
| Region / Metro | Crowley |
| Year of Construction | 1983 |
| Units | 76 |
| Transaction Date | 2007-02-19 |
| Transaction Price | $2,550,000 |
| Buyer | HAMPTON TH LLC |
| Seller | BAM HAMPTON TOWNHOMES TIC 1 LLC |
121 S Hampton Rd, Crowley TX Multifamily Investment
Neighborhood occupancy has held above the national median with steady rent growth, signaling durable renter demand in suburban Tarrant County, according to WDSuite s CRE market data. Investor focus: stable leasing fundamentals with value-add potential from an older 1983-vintage asset.
Crowley s neighborhood profile is rated A and ranks in the top quartile among 561 metro neighborhoods in the Fort Worth Arlington Grapevine area, indicating competitive fundamentals for workforce-oriented multifamily. Amenity access scores strong caf s, groceries, parks, and pharmacies all sit in high national percentiles (for example, pharmacy and childcare density are in the upper 90s nationally), which supports daily convenience and helps with tenant retention.
The 1983 construction year is older than the neighborhood s average vintage (1998). For investors, that typically points to planned capital expenditures and a potential value-add or repositioning thesis to enhance unit finishes, common areas, and building systems. Average unit sizes near 500 square feet suggest smaller-format housing that can align with workforce renters seeking attainable rents and manageable utility costs.
Neighborhood occupancy is above the national median and has trended modestly higher over five years, supporting income stability at the property level. Median contract rents in the neighborhood have risen meaningfully over the last cycle, while the rent-to-income ratio sits below the national midpoint a combination that can reduce affordability pressure and support lease renewals. Note that renter-occupied housing is a minority share of neighborhood units, implying a more limited but potentially loyal renter base; marketing and operations should emphasize retention and renewal management.
Within a 3-mile radius, population and household counts have expanded over the past five years, with forecasts calling for continued population growth and a sizable increase in households through 2028. This points to a larger tenant base and supports occupancy stability and absorption for renovated units. While median school ratings trend below national averages locally, the broader amenity mix and family-oriented demographics indicate ongoing demand drivers typical of suburban Texas submarkets.
Compared with neighborhoods nationwide, this area trends safer than average overall, with violent and property offense measures in higher national safety percentiles. Within the Fort Worth Arlington Grapevine metro (561 neighborhoods), conditions are competitive rather than top-tier, reflecting the suburban context but not signaling outsized risk.
Recent trends indicate incremental improvement violent offenses and property offenses have eased year over year. For investors, the takeaway is a generally stable public safety backdrop that supports leasing and retention, while still warranting common-sense property-level measures (lighting, access control) typical for suburban workforce assets.
Nearby employment includes manufacturing, homebuilding, industrial, airline corporate, and healthcare services, supporting a diverse renter base and commute convenience for residents. Employers highlighted below reflect the closest concentrations that can underpin leasing stability.
- Ball Metal Beverage Packaging packaging manufacturing (5.6 miles)
- D.R. Horton homebuilding (12.4 miles) HQ
- Parker Hannifin Corporation industrial manufacturing (13.0 miles)
- American Airlines Group airline corporate (24.8 miles) HQ
- Express Scripts pharmacy benefit management (25.1 miles)
This 76-unit, 1983-vintage asset in Crowley offers a straightforward value-add path supported by suburban fundamentals. Neighborhood occupancy is above the national median and five-year rent momentum has been positive, which supports income durability as renovations are executed. Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base and underpinning absorption and renewals. Ownership costs in the area are relatively accessible versus income levels, so pricing power depends on maintaining an attainable rent position and superior unit quality post-upgrade.
The property s older vintage suggests capital planning around interiors, exteriors, and systems, but renovated product can compete well given strong amenity access and commuting options across Tarrant County. Rent-to-income levels trend below national midpoints helpful for retention while median school ratings and accessible homeownership present manageable competitive considerations. According to CRE market data from WDSuite, the neighborhood sits competitively within the metro with safety metrics that are stronger than national averages, reinforcing a stable operating backdrop.
- Occupancy above national median with steady rent gains supports cash flow stability
- 1983 vintage creates clear value-add potential through unit and systems upgrades
- 3-mile population and household growth expands the renter pool and aids absorption
- Diverse nearby employers support workforce housing demand and renewal rates
- Risks: below-average school ratings and accessible ownership require competitive positioning and retention focus