| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 39th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8700 Calmont Ave, Fort Worth, TX, 76116, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1982 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8700 Calmont Ave Fort Worth Multifamily Investment
High renter concentration and everyday retail access in the surrounding neighborhood point to steady tenant demand, according to WDSuite’s CRE market data.
The property sits within an Urban Core neighborhood in Fort Worth rated B among 561 metro neighborhoods, placing it above the metro median for overall neighborhood performance. Local conveniences are a practical draw for renters: grocery access ranks near the top of the metro and in the high national percentiles, and pharmacies are similarly well represented. Restaurants are reasonably available while parks and cafes are less prevalent, shaping a needs‑based amenity profile that aligns with workforce housing.
For investors evaluating income stability, neighborhood occupancy sits in the mid‑80% range and has edged up over the past five years, based on CRE market data from WDSuite. The share of housing units that are renter‑occupied is high in this neighborhood, indicating a deep tenant base for multifamily leasing. Median household incomes in the immediate neighborhood trend below national norms, which suggests pricing should emphasize attainability and renewal management, while the broader 3‑mile area shows a more balanced income mix.
Demographic statistics aggregated within a 3‑mile radius indicate population and household growth over the last five years with additional gains projected, expanding the renter pool and supporting occupancy stability. Median contract rents in the 3‑mile area have risen historically and are projected to continue increasing, reinforcing the case for disciplined revenue management so long as rent‑to‑income remains aligned with the area’s wage trends.
On the ownership side, elevated home values relative to incomes at the neighborhood level point to a high‑cost ownership market in this pocket of Fort Worth. That dynamic typically sustains renter reliance on multifamily housing and can bolster lease retention, while still requiring close attention to affordability thresholds for existing residents.
Safety trends are mixed. Compared with neighborhoods nationwide, this area scores in lower national percentiles for safety, indicating higher reported crime levels than many U.S. neighborhoods. However, year‑over‑year data from WDSuite shows notable declines in both violent and property offenses, signaling directional improvement that investors should track alongside on‑the‑ground management practices.
Within the Fort Worth metro (561 neighborhoods), this location is competitive with several urban peers but trails the safest suburban submarkets. For underwriting and operations, a pragmatic approach—strong lighting, access control, and community engagement—can help sustain leasing and retention as the wider trend continues to improve.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including Parker Hannifin, D.R. Horton, Ball Metal Beverage Packaging, GameStop, and American Airlines Group.
- Parker Hannifin Corporation — industrial manufacturing offices (4.4 miles)
- D.R. Horton — homebuilding corporate offices (8.1 miles) — HQ
- Ball Metal Beverage Packaging — packaging manufacturing offices (10.8 miles)
- Gamestop — retail & gaming corporate offices (25.0 miles) — HQ
- American Airlines Group — airline corporate offices (25.1 miles) — HQ
This Fort Worth asset benefits from a renter‑heavy neighborhood, everyday retail density, and household growth in the surrounding 3‑mile area—factors that collectively support a stable tenant base and leasing velocity. According to commercial real estate analysis from WDSuite, neighborhood occupancy has remained in the mid‑80% range with a slight five‑year improvement, while projected growth in nearby households suggests a larger pool of prospective renters over the medium term.
Affordability is the key management lever: local incomes in the immediate neighborhood sit below national norms and rent‑to‑income runs higher than many U.S. areas, so disciplined pricing and renewal strategies are important for retention. At the same time, a high‑cost ownership landscape in this pocket of Fort Worth tends to sustain rental demand, and nearby employers provide diversified wage sources that can underpin collections and reduce leasing volatility.
- Renter‑heavy neighborhood and strong grocery/pharmacy access support consistent multifamily demand
- 3‑mile population and household growth expand the tenant base and support occupancy stability
- Ownership remains relatively costly nearby, reinforcing reliance on rental housing and lease retention
- Proximity to diversified employers offers income diversity that can aid collections and leasing
- Risk: Below‑average safety metrics and income sensitivity warrant proactive security and affordability‑minded pricing