| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
121 S Hampton Rd Crowley Multifamily Investment
Stabilized renter demand and steady neighborhood occupancy support predictable operations, according to WDSuite’s CRE market data. Insights are based on neighborhood-level indicators rather than property-specific performance.
Crowley’s neighborhood posts an A rating and ranks 77 out of 561 metro neighborhoods, placing it competitive within the Fort Worth–Arlington–Grapevine area. Amenity access is a relative strength (nationally top quartile), with strong coverage of groceries, parks, pharmacies, and cafes that supports day-to-day livability and leasing appeal.
Local housing stock skews newer than the property: the neighborhood’s average construction year is 1998. With the subject built in 1983, investors should plan for targeted capital improvements and potential value-add to maintain competitive positioning versus more recent vintage supply.
Renter concentration within the neighborhood is modest, indicating a higher share of owner-occupied housing. For multifamily demand, the larger 3-mile area provides additional depth: demographics aggregated within a 3-mile radius show population and household growth over the last five years, with further gains forecast through 2028. This expansion points to a larger tenant base and supports occupancy stability.
Income levels in the neighborhood sit above national medians, while the rent-to-income ratio trends near the middle of U.S. neighborhoods, a combination that can support pricing without acute affordability pressure. Elevated home values at the neighborhood level by national standards remain comparatively accessible for ownership in the metro context; for rentals, that landscape can temper move-outs to ownership while still requiring disciplined lease management. These dynamics, seen in WDSuite’s commercial real estate analysis, suggest balanced retention potential and measured rent growth.
Safety indicators compare favorably to national benchmarks. The neighborhood sits around the 63rd percentile nationally for overall crime, with violent-offense metrics near the top quartile (about the 86th percentile), signaling comparatively safer conditions versus many U.S. neighborhoods. Property offenses also track better than average (roughly the 73rd percentile nationally). Recent year-over-year trends show modest declines in both violent and property incident rates, which, if sustained, can support leasing confidence and longer-term resident retention.
Nearby employers provide a diversified white-collar and industrial base that supports renter demand and commute convenience for residents, including Ball Metal Beverage Packaging, D.R. Horton, Parker Hannifin, American Airlines Group, and Express Scripts.
- Ball Metal Beverage Packaging — manufacturing (5.6 miles)
- D.R. Horton — homebuilding (12.4 miles) — HQ
- Parker Hannifin Corporation — industrial/engineering (13.0 miles)
- American Airlines Group — airline corporate offices (24.8 miles) — HQ
- Express Scripts — pharmacy benefit management (25.1 miles)
The investment case centers on steady neighborhood fundamentals, expanding demand catchment, and potential value-add from an earlier vintage. Built in 1983, the property is older than nearby stock (average 1998), creating scope for focused renovations to enhance competitiveness while the neighborhood’s occupancy trends sit above national averages. Within a 3-mile radius, population and household counts have increased and are projected to continue rising through 2028, pointing to a larger tenant base and support for stable leasing.
Income levels track above national medians and the local rent-to-income ratio implies manageable affordability pressure, which can aid retention. According to CRE market data from WDSuite, amenity access is a relative strength and safety readings compare favorably to U.S. norms, both of which help sustain renter appeal. Key risks include competition from newer assets in the metro and the need to plan for capital improvements consistent with 1980s construction.
- Stable neighborhood occupancy and expanding 3-mile renter pool support leasing durability
- 1983 vintage offers clear value-add pathway versus newer 1990s+ comparables
- Above-average incomes with mid-range rent-to-income support pricing and retention
- Strong amenity access and favorable safety benchmarks enhance renter appeal
- Risks: competition from newer product and capex needs typical of 1980s construction