| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 31st | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 903 Woodland St, Channelview, TX, 77530, US |
| Region / Metro | Channelview |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
903 Woodland St Channelview Multifamily Investment
Neighborhood occupancy trends sit near the metro median, and renter concentration is higher than many U.S. areas, supporting a durable tenant base according to WDSuite’s CRE market data.
Channelview’s Inner Suburb location offers everyday convenience with grocery stores, pharmacies, parks, and childcare options scoring in the upper tiers nationally, while cafes are sparse. Restaurants are comparatively plentiful, which helps support day-to-day livability for renters and on-site retention.
At the neighborhood level, occupancy is close to the national midpoint, which generally supports stable operations without signaling oversupply risk. The share of renter-occupied units is elevated versus many areas nationwide, indicating a deeper tenant pool and demand resilience for small-unit assets.
Within a 3-mile radius, population and household counts have been expanding and are projected to continue growing, pointing to a larger tenant base over the next five years. Median incomes have been rising, and forecasts indicate further gains, which can support rent growth and occupancy stability rather than rapid lease churn.
Home values sit in a higher national percentile relative to local incomes, creating a high-cost ownership market that tends to sustain reliance on multifamily housing. At the same time, neighborhood rent-to-income ratios remain comparatively low, a combination that can support pricing power while helping maintain resident retention. These dynamics, based on multifamily property research from WDSuite, are constructive for long-term cash flow durability.
School ratings for the neighborhood trail regional and national benchmarks, which may modestly limit family-driven demand but does not preclude workforce housing appeal given the area’s proximity to major employment centers.
Safety indicators for the neighborhood trend below national averages, and the area ranks on the less favorable side within the Houston–The Woodlands–Sugar Land metro when compared against 1,491 neighborhoods. However, recent measures show improving violent offense trends year over year, suggesting gradual normalization rather than deterioration.
Investors should underwrite conservative security and lighting enhancements, and align marketing toward workforce renters prioritizing proximity to employers, while monitoring whether the recent improvement trend persists relative to metro peers.
- Air Products — industrial gases (5.8 miles)
- Calpine Turbine Maintenance Group — power generation services (13.3 miles)
- Boeing: Bay Area Building — aerospace offices (14.0 miles)
- Calpine — power generation (15.4 miles) — HQ
- Waste Management — environmental services (15.5 miles) — HQ
Proximity to energy, industrial gases, and power-generation employers supports workforce renter demand and commute convenience for residents. The list below highlights nearby anchors most likely to influence leasing and retention.
This 26-unit asset in Channelview benefits from a renter-heavy neighborhood profile, daily-needs amenities, and proximity to major energy and industrial employers that underpin steady workforce housing demand. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits near the metro median while rent-to-income ratios remain comparatively manageable, a mix that supports retention with room for disciplined rent optimization over time.
Homeownership costs in the area are relatively high versus incomes, which reinforces reliance on rental housing, and 3-mile demographic trends point to continued growth in population and households—expanding the renter pool and supporting long-run leasing stability. Operators should remain mindful of below-average school ratings and safety metrics, aligning capital plans and resident services accordingly to sustain performance.
- Renter concentration above many U.S. neighborhoods supports a deeper tenant base and steadier absorption.
- Daily-needs amenities and strong employer proximity favor workforce renter retention.
- Ownership costs relatively high versus incomes, sustaining demand for multifamily units and pricing power.
- 3-mile population and household growth expands the renter pool, supporting occupancy stability.
- Risks: below-average school ratings and safety metrics; plan for security, resident engagement, and targeted capex.