| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 58th | Good |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 N Booth Calloway Rd, Hurst, TX, 76053, US |
| Region / Metro | Hurst |
| Year of Construction | 1999 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 N Booth Calloway Rd Hurst Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy standing slightly above the national median, according to WDSuite’s CRE market data. This Inner Suburb location supports stable leasing dynamics for a 1999-vintage asset without relying on premium urban pricing.
The property sits in Hurst within the Fort Worth–Arlington–Grapevine metro, where the neighborhood holds a B rating and ranks 226 out of 561 metro neighborhoods. That places it above the metro median, signaling balanced livability and investment appeal rather than a purely value or purely premium play.
Local amenities are competitive among Fort Worth–Arlington–Grapevine neighborhoods (amenity rank 194 of 561), with restaurant density in the top quintile nationally. By contrast, neighborhood counts for groceries and pharmacies are thin, so daily needs often concentrate along key corridors rather than immediately adjacent blocks—an important consideration for marketing and retention strategies.
School quality is a relative strength: the average school rating is 4.0 (top quartile nationally), which can aid resident retention for family households. Parks access also trends strong compared with the nation (high national percentile), supporting livability narratives in marketing without overpromising micro-level convenience.
For multifamily dynamics, the neighborhood’s renter-occupied share is high at 74.6%, indicating a deep tenant base for a 51-unit asset and supporting demand stability through cycles. Occupancy across the neighborhood sits modestly above the national median, per WDSuite’s commercial real estate analysis, aligning with steady leasing rather than rapid lease-up conditions. The asset’s 1999 construction is newer than the neighborhood average vintage (1974), providing relative competitiveness versus older stock while still warranting targeted updates for systems and finishes as part of a value-add or capital planning strategy.
Within a 3-mile radius, population has grown modestly in recent years with households increasing and average household size edging down. Forecasts point to further population growth and a sizable increase in households, which expands the local renter pool and supports occupancy stability for professionally managed multifamily.
Home values in the neighborhood sit above the national midpoint, while value-to-income measures are more accessible than high-cost coastal markets. For investors, this mix suggests some competition from ownership options, but the high renter concentration and steady household formation within 3 miles support sustained multifamily demand and lease retention.
Safety indicators trend better than average in comparative terms. The neighborhood’s crime position ranks 57 out of 561 metro neighborhoods, placing it well above the metro median and competitive among Fort Worth–Arlington–Grapevine peers. Nationally, it sits in roughly the 65th percentile for overall safety, indicating a safer-than-average environment compared with neighborhoods nationwide.
Recent trend data also points to improvement: both violent and property offense rates have declined year over year, according to WDSuite’s CRE market data. While conditions can vary block to block and over time, these directional shifts support a stable operating backdrop for workforce-oriented multifamily.
Proximity to major employers underpins a diversified renter base and supports retention through commute convenience. Nearby anchors include D.R. Horton, American Airlines Group, GameStop, Express Scripts, and Parker Hannifin—industries spanning homebuilding, aviation, retail, healthcare services, and manufacturing.
- D.R. Horton — homebuilding (8.0 miles) — HQ
- American Airlines Group — aviation (9.4 miles) — HQ
- Gamestop — retail (9.4 miles) — HQ
- Express Scripts — healthcare services (10.0 miles)
- Parker Hannifin Corporation — manufacturing (11.5 miles)
This 51-unit, 1999-vintage asset benefits from a high neighborhood renter-occupied share, occupancy that trends above the national median, and strong school and park indicators that reinforce livability. The property’s vintage is newer than the local average stock, offering competitive positioning versus 1970s-era assets while leaving room for targeted value-add to modernize systems and finishes. According to CRE market data from WDSuite, local amenities skew toward dining, with thinner grocery and pharmacy presence—useful context for resident services and marketing strategy.
Within a 3-mile radius, population growth and a projected increase in households signal a larger tenant base ahead, while slightly smaller household sizes may translate into steady demand for professionally managed apartments. Ownership remains relatively accessible in this submarket compared with high-cost regions, which can introduce some competition; however, the depth of renters and commuting access to major employers support durable leasing and occupancy stability over a full cycle.
- Newer 1999 vintage versus local average, with value-add potential for systems and interiors
- High renter-occupied share supports a deep tenant base and stable absorption
- Above-median neighborhood occupancy and strong schools/parks bolster retention
- 3-mile household growth and smaller household sizes expand multifamily demand
- Risks: accessible ownership options and thinner daily-needs retail may temper pricing power