| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 52nd | Good |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 120 Garland Dr, Lake Jackson, TX, 77566, US |
| Region / Metro | Lake Jackson |
| Year of Construction | 2006 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
120 Garland Dr, Lake Jackson TX Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, positioning this asset for defensible operations in Brazoria County. Built in 2006, the property’s newer vintage versus local stock supports competitive positioning with prudent capital planning.
Lake Jackson’s inner-suburb location offers daily-life convenience and family appeal, with neighborhood schools averaging 4.0 out of 5 (84th percentile nationally), which can support retention among family-oriented renters. Amenity density is mixed: restaurants are present while parks, groceries, and pharmacies are sparse locally, suggesting residents may rely on short drives for errands.
The neighborhood’s occupancy is 94.8% (70th percentile nationally) — a neighborhood metric, not the property — signaling stable tenant demand and supporting income consistency relative to many U.S. areas. Median contract rents in the neighborhood sit around the national middle-to-upper tier, while the rent-to-income ratio near the median indicates manageable affordability pressure from an investor perspective.
Vintage context matters: with an average neighborhood construction year of 1972, a 2006-built asset is newer than most nearby stock, offering competitive appeal versus aging properties while still warranting routine systems updates over the hold. Renter concentration is measured as 37.3% of housing units being renter-occupied (upper-quartile nationally), pointing to a meaningful tenant base for multifamily leasing.
Within a 3-mile radius, demographics show modest population growth over the last five years alongside a growing household count, expanding the local renter pool. Forward-looking data indicates slightly smaller household sizes with households continuing to increase, which can sustain multifamily demand even if population trends level, based on multifamily property research from WDSuite.
Home values in the neighborhood are lower than national norms, which can introduce some competition from ownership options. For investors, that typically emphasizes the importance of product differentiation (unit finishes, amenities, and service) to maintain pricing power and lease-up velocity.
Neighborhood-level crime metrics are not available in WDSuite for this location. Investors commonly benchmark safety using comparable inner-suburb areas in the Houston–The Woodlands–Sugar Land metro, property-level security protocols, and local law enforcement trend reports to contextualize on-the-ground risk.
Practical underwriting approaches include reviewing historical incident trends over multi-year periods, assessing site lighting and access controls, and comparing any available neighborhood measures to metro averages where data can be obtained.
Regional employment access is supported by major corporate offices within commuting range, which can underpin renter demand and retention for workforce households. Key nearby employers include Dish Network, Texas Instruments, and Boeing.
- Dish Network — telecommunications (29.2 miles)
- Texas Instruments — semiconductors (40.7 miles)
- Boeing: Bay Area Building — aerospace offices (44.0 miles)
This 2006-built, 104-unit asset stands newer than much of the surrounding housing stock, supporting competitive positioning versus older properties while requiring standard mid-life capital planning. Neighborhood occupancy sits above the national median and renter concentration is in the upper quartile nationally, suggesting a durable tenant base and potential for steady leasing performance, according to CRE market data from WDSuite.
Three-mile demographics indicate recent population growth with a continuing increase in households ahead, implying a larger tenant base and potential support for occupancy stability. At the same time, relatively accessible home values and a mixed local amenity set argue for deliberate differentiation through finishes, operations, and resident services to sustain pricing and retention.
- Newer vintage (2006) versus neighborhood average enhances competitiveness while keeping capital planning focused on mid-life systems and common areas.
- Neighborhood occupancy above the national median supports income stability; renter-occupied share indicates depth in the tenant base.
- 3-mile household growth and smaller household sizes point to ongoing multifamily demand and leasing resilience.
- Risk: lower local home values and limited nearby amenities require product differentiation and disciplined lease management to protect pricing power.