| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 79th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1909 Northwood Ct, Pearland, TX, 77581, US |
| Region / Metro | Pearland |
| Year of Construction | 1976 |
| Units | 59 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1909 Northwood Ct, Pearland Multifamily Value-Add
Neighborhood occupancy ranks first among 1,491 Houston metro neighborhoods, pointing to durable renter demand, according to WDSuite’s CRE market data. The submarket’s higher-income profile supports collections and retention while giving room for strategic upgrades to capture rent premiums.
Pearland’s suburban location offers a balanced mix of convenience and stability for workforce and professional renters. The neighborhood sits in the top quartile among 1,491 Houston metro neighborhoods by overall rating (A), with neighborhood occupancy leading the metro (ranked 1 of 1,491). That metro-leading occupancy reflects a tight local leasing environment; note this occupancy refers to the neighborhood, not the property.
Local amenities skew toward daily needs rather than destination retail: restaurants and pharmacies are above national midpoints, while parks and childcare density are limited. Median contract rents in the neighborhood track on the higher side relative to national benchmarks, and the rent-to-income ratio indicates manageable affordability, which can support retention and disciplined rent growth management.
Demographic statistics within a 3-mile radius show population and household growth in recent years with further expansion projected by 2028, implying a larger tenant base over time. The area’s renter-occupied share is lower than owner-occupied today, but forecasts point to a rising renter concentration, which should deepen multifamily demand.
Home values in the surrounding area are elevated relative to many U.S. neighborhoods, reinforcing reliance on multifamily housing for households that prefer flexibility or face higher entry costs to ownership. For investors, that context supports leasing stability, especially when combined with Pearland’s commuting access to major Houston employment cores.
Safety indicators are around the national midpoint overall, with neighborhood crime competitive among Houston neighborhoods (ranked 436 out of 1,491). Nationally, property and violent offense measures sit near the middle of the pack, and recent trends show violent incidents moving in a favorable direction. These figures describe neighborhood conditions broadly rather than any specific block.
- Occidental — energy (12.2 miles)
- Waste Management — waste services (12.6 miles) — HQ
- CenterPoint Energy — utilities (12.7 miles) — HQ
- Enterprise Products Partners — energy midstream (12.8 miles) — HQ
- Kinder Morgan — energy infrastructure (12.8 miles) — HQ
Proximity to major Houston energy and utilities employers supports a diverse commuter renter base and can aid retention through convenient access to jobs. The following nearby corporate offices are representative of the employment drivers serving the area.
This 59-unit property, built in 1976, is older than the neighborhood’s typical vintage, creating a clear value-add path through targeted renovations and systems modernization. Tight neighborhood leasing conditions—leading the Houston metro by occupancy—combined with elevated area home values and a rising renter-occupied share in the 3-mile radius support steady demand and potential pricing power without overextending affordability.
According to commercial real estate analysis from WDSuite, the Pearland neighborhood posts above-median income characteristics and remains competitive on amenities that matter for daily living, with proximity to major energy and utilities employers reinforcing weekday demand. Key considerations include capital planning for an older asset and monitoring neighborhood-level safety, which sits near national midpoints but has shown improvement trends.
- Metro-leading neighborhood occupancy supports lease-up and renewal stability.
- 1976 vintage enables value-add scope for unit and building upgrades.
- Elevated ownership costs nearby reinforce renter reliance on multifamily housing.
- Proximity to large energy and utilities employers underpins weekday demand.
- Risks: older systems capex and neighborhood safety around national midpoints warrant ongoing monitoring.