| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 39th | Fair |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 N Columbia Dr, West Columbia, TX, 77486, US |
| Region / Metro | West Columbia |
| Year of Construction | 1976 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
205 N Columbia Dr West Columbia Multifamily Investment
Neighborhood occupancy has trended higher over the past five years, supporting stable renter demand, according to WDSuite’s CRE market data. Within a 3-mile radius, growing household counts point to a larger tenant base even as the neighborhood’s occupancy metric reflects the broader area rather than this specific property.
This rural B- neighborhood in the Houston-The Woodlands-Sugar Land metro shows steady renter demand signals. Neighborhood-level median contract rent sits in the upper half nationally (62nd percentile), while rent-to-income around the area reads as moderate, suggesting manageable affordability pressure that can support retention and measured rent growth. The property’s 1976 vintage is slightly older than the neighborhood’s average stock (1978 by rank 1,098 among 1,491 metro neighborhoods), indicating potential value-add opportunities and capex planning to remain competitive.
Amenities are serviceable for a workforce renter profile: grocery and pharmacy access trend modestly above national midpoints (both mid-50s to mid-60s percentiles), parks score similarly above average, and restaurants are near the national midpoint. Café density is limited, reflecting the rural context. Average school ratings in the neighborhood track below national midpoints, which may influence family-driven leasing but is common for lower-density locations.
Tenure patterns indicate a relatively low renter concentration at the neighborhood level (share of housing units that are renter-occupied), which can temper leasing velocity compared with more urban submarkets but also implies less volatility and more stable, long-term residents. Against metro peers, overall neighborhood performance is competitive mid-pack (neighborhood rank 801 out of 1,491), and occupancy at the neighborhood level has increased over the past five years, underscoring stable demand conditions.
Demographic statistics aggregated within a 3-mile radius show an 11.5% population increase and a 15.7% rise in households over five years, expanding the local renter pool. Forward-looking estimates suggest households may continue to rise even if population stabilizes, consistent with smaller average household sizes; for multifamily investors, that supports a deeper tenant base and occupancy stability. Home values in the neighborhood are lower than national norms, which can create some competition from ownership options; however, comparatively accessible ownership often coexists with steady demand for smaller, well-managed rental units.
Comparable crime metrics for this neighborhood are not available in the current WDSuite release. Investors commonly benchmark neighborhood safety against metro and county trends when data is accessible and review multi-year directionality rather than single-year snapshots. Given the rural context, it is prudent to pair any future neighborhood-level readings with on-the-ground diligence and municipal trend reports.
- Texas Instruments — semiconductors (29.5 miles)
- Dish Network — telecommunications (31.3 miles)
- National Oilwell Varco Employees CU — financial services (37.8 miles)
- National Oilwell Varco — oilfield equipment (37.8 miles) — HQ
- Abm SSC — facility services (37.9 miles)
Proximity to Greater Houston employers supports commuter-based renter demand, with access to semiconductors, telecommunications, oilfield services, financial services, and facility services employers that can underpin leasing stability.
The 44-unit asset at 205 N Columbia Dr brings smaller average unit sizes that align with workforce-oriented demand and manageable rent-to-income dynamics in the surrounding neighborhood. Based on CRE market data from WDSuite, neighborhood occupancy has improved over five years, and median contract rent levels are in the upper half nationally, supporting an underwriting case for stable cash flow rather than outsized lease-up risk. The 1976 construction introduces value-add potential via targeted renovations and systems upgrades to maintain competitiveness against slightly newer local stock.
Within a 3-mile radius, households have increased meaningfully, expanding the local renter pool and supporting occupancy stability; forward estimates point to continued household growth even if population levels flatten, consistent with smaller household sizes. Offsetting considerations include the neighborhood’s relatively low renter concentration (share of units that are renter-occupied), below-average school ratings, and a homeownership market that is more accessible than many national peers, which can create competition with ownership. These dynamics argue for an operations-first strategy emphasizing retention, unit turns, and focused capital improvements.
- Neighborhood occupancy has trended up, supporting income stability
- Smaller units fit workforce demand and moderate rent-to-income conditions
- 1976 vintage offers renovation and value-add upside with disciplined capex
- 3-mile household growth expands the tenant base, aiding retention
- Risks: lower renter concentration, below-average schools, and ownership competition