| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 49th | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2301 Fairway Dr, Alvin, TX, 77511, US |
| Region / Metro | Alvin |
| Year of Construction | 1984 |
| Units | 80 |
| Transaction Date | 2008-07-31 |
| Transaction Price | $2,195,000 |
| Buyer | ALVIN MULTIFAMILY INVESTMENTS LLC |
| Seller | FAIRWAY SQUARE APARTMENT VILLAGE LLC |
2301 Fairway Dr Alvin Multifamily near Houston Job Nodes
Neighborhood renter concentration supports a durable tenant base and retention, while manageable rent-to-income levels add pricing flexibility, according to WDSuite’s CRE market data.
Alvin’s inner‑suburban setting offers day‑to‑day convenience with grocery access above national norms, though cafes, parks, and pharmacies are sparse. Amenity positioning sits below the metro median (amenity rank 849 among 1,491 Houston neighborhoods), but grocery density at a higher national percentile helps everyday livability for renters.
The neighborhood’s occupancy is measured for the neighborhood, not this property, and currently tracks below metro norms (rank 1,287 of 1,491). That softer backdrop suggests lease‑up and renewal strategies matter, yet a higher renter‑occupied share (37.8% and in the upper national quartile) indicates depth in the tenant pool to support multifamily demand.
Within a 3‑mile radius, households grew about 8% over the last five years and are projected to expand significantly over the next five years, with average household size edging lower. This mix points to more, smaller households entering the market — a setup that can expand the renter pool and support occupancy stability for well‑positioned assets.
Home values are moderate for the Houston metro, and the neighborhood’s rent‑to‑income ratio of 0.14 implies lower affordability pressure for renters. For investors, that combination supports retention and lease management, although relatively accessible ownership options can create competition, making product differentiation and service quality important.
Relative to the Houston metro, this neighborhood ranks favorably on safety (competitive nationally, with crime metrics in higher safety percentiles). Property and violent offense rates are estimated to have declined sharply year over year, indicating improving conditions that can support tenant retention and leasing stability over time.
Interpreting the data: the area’s crime rank is stronger than most Houston neighborhoods (rank 42 of 1,491), and national percentiles indicate comparatively safer standing; recent one‑year declines in both property and violent offense estimates reinforce that trend, based on WDSuite’s data. These are neighborhood‑level indicators and may not reflect block‑level variation.
Proximity to corporate operations ranging from telecommunications to industrial energy supports a diverse employment base, reinforcing workforce renter demand and commute convenience to nearby job centers.
- Dish Network — telecommunications operations (0.2 miles)
- Boeing: Bay Area Building — aerospace offices (15.2 miles)
- Calpine Turbine Maintenance Group — power generation services (16.9 miles)
- Waste Management — environmental services corporate offices (25.4 miles) — HQ
- Centerpoint Energy — utilities corporate offices (25.6 miles) — HQ
This 80‑unit asset in Alvin benefits from a renter‑oriented neighborhood profile and proximity to major employment corridors. While neighborhood occupancy runs below the metro median, household growth within 3 miles and a rent‑to‑income ratio at supportive levels point to a broader tenant base and room for disciplined rent management. According to CRE market data from WDSuite, neighborhood safety has improved on a year‑over‑year basis, adding a supportive backdrop for retention.
Forward‑looking demographics show rising households and incomes alongside moderate home values, which can sustain multifamily demand but may also introduce competition from ownership. Assets that emphasize service, maintenance, and value positioning should be well placed to capture renter pool expansion and stabilize occupancy over time.
- Renter‑tilted neighborhood with manageable rent‑to‑income, supporting retention and pricing flexibility.
- Expanding 3‑mile household base and smaller average household size, enlarging the renter pool.
- Access to diverse employers across telecom, aerospace, utilities, and energy supports leasing durability.
- Improving neighborhood safety trends bolster tenant satisfaction and renewals.
- Risks: below‑metro neighborhood occupancy and accessible ownership options require strong operations and differentiation.