| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 77th | Best |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Hobbs Rd, League City, TX, 77573, US |
| Region / Metro | League City |
| Year of Construction | 2006 |
| Units | 72 |
| Transaction Date | 2004-10-25 |
| Transaction Price | $750,000 |
| Buyer | HOBBS ROAD VILLAGE LP |
| Seller | STANLEY FAMILY TRUST |
600 Hobbs Rd League City Multifamily Investment
Neighborhood occupancy is above the metro median, supporting stable leasing dynamics for a 72-unit asset in Houston’s Inner Suburb, according to WDSuite’s CRE market data. This League City location benefits from steady renter demand alongside strong household incomes in the surrounding area.
League City’s neighborhood profile rates competitively within the Houston-The Woodlands-Sugar Land metro, with an overall neighborhood rank of 197 out of 1,491 (Above metro median). Restaurants and parks index in the 92nd percentile nationally, while grocery access sits in the 81st percentile — a solid amenity mix for renters. Cafe density and pharmacies are limited in this immediate area, which may modestly reduce walkability expectations versus urban cores.
For schools, the average rating is near the national middle (61st percentile), offering typical suburban coverage that supports family-oriented tenancy. The neighborhood’s renter-occupied share is measured at 34.5% of housing units, indicating a primarily ownership-leaning area; for multifamily investors, that points to a moderate but steady tenant base rather than a highly transient one.
Within a 3-mile radius, demographics show population growth over the last five years and a larger increase in households, with household sizes trending lower — conditions that can expand the renter pool and support occupancy stability. Forward-looking indicators point to further population and household increases by 2028, suggesting continued depth for multifamily demand if new supply remains measured.
Homeownership costs are relatively accessible in the broader area (value-to-income ratio sits in the lower national tiers), which can create some competition from for-sale housing. At the same time, relatively favorable rent-to-income levels (high national percentile for renter affordability) support resident retention and reduce turnover pressure. Neighborhood occupancy is ranked 613 of 1,491 (Above metro median), a constructive signal for maintaining stabilized operations.
Safety indicators compare favorably to many U.S. neighborhoods: overall crime metrics benchmark around the 71st percentile nationally, and violent offenses near the 62nd percentile, indicating comparatively safer conditions than the national average. Recent trends are constructive, with notable one-year declines in estimated violent and property offense rates, positioning the area above national improvement averages.
As with any submarket analysis, conditions vary by block and over time; investors typically underwrite to submarket-level trends rather than individual addresses. The trajectory shown here — improving year-over-year and above-average nationally — supports leasing stability and resident retention assumptions while still warranting standard risk controls and on-site management practices.
Proximity to engineering, energy, and telecom employers underpins steady renter demand and commute convenience for workforce tenants. Nearby anchors include Boeing, Calpine Turbine Maintenance Group, Dish Network, Air Products, and Waste Management.
- Boeing: Bay Area Building — aerospace offices (6.7 miles)
- Calpine Turbine Maintenance Group — power generation services (8.0 miles)
- Dish Network — telecommunications (9.3 miles)
- Air Products — industrial gases (18.9 miles)
- Waste Management — environmental services (23.5 miles) — HQ
Built in 2006, the property is newer than much of the local housing stock, offering competitive finishes and systems versus older vintage assets while approaching mid-life capital planning. Neighborhood occupancy trends are above the metro median, with strong restaurants, parks, and grocery access supporting livability. Within a 3-mile radius, rising households alongside smaller average household sizes point to a larger renter pool, which can bolster lease-up and retention. According to CRE market data from WDSuite, rent-to-income levels are favorable for renters locally, reinforcing stability, while accessible ownership costs may introduce some competition from for-sale options.
For multifamily investors, the balance of stable demand drivers, proximity to diversified employment, and a 2006 vintage creates a clear operational story, with value focused on steady occupancy, resident retention, and targeted renovations as systems age. Underwriting should account for moderate competitive pressure from single-family ownership and local amenity gaps (cafes, pharmacies) that may affect walkability positioning.
- 2006 vintage: competitive versus older stock; plan for mid-life systems and targeted upgrades
- Neighborhood occupancy above metro median supports stabilized operations
- 3-mile demographics show household growth and a larger renter pool supporting leasing
- Employer proximity across aerospace, energy, and telecom aids demand and retention
- Risks: ownership-leaning submarket and limited cafe/pharmacy amenities may temper walkability and pricing power