| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 80th | Best |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 Country Place Dr, Houston, TX, 77079, US |
| Region / Metro | Houston |
| Year of Construction | 1975 |
| Units | 122 |
| Transaction Date | 2014-11-21 |
| Transaction Price | $11,452,500 |
| Buyer | CITY TERRACE LLC |
| Seller | RELATED COUNTRY PLACE LLC |
1015 Country Place Dr, Houston — Inner-Suburban Multifamily
Positioned in a high-occupancy Houston neighborhood with a deep renter base, the asset benefits from steady demand and proximity to major employment hubs, according to WDSuite s CRE market data.
The property sits in an Inner Suburb of Houston that is rated A and ranks 215 out of 1,491 metro neighborhoods — placing it in the top quartile locally. Neighborhood occupancy is strong and above national averages, supporting leasing stability for multifamily investors, based on CRE market data from WDSuite.
Renter-occupied housing accounts for a substantial share of neighborhood units (occupancy_rental_share), indicating a large tenant base that can underpin absorption and retention for well-managed product. Median contract rents in the neighborhood trend above national norms while the rent-to-income ratio suggests manageable affordability pressure, which can help sustain renewal momentum and measured pricing power.
Within a 3-mile radius, the population has grown in recent years with households expanding and forecast to rise further over the next five years, pointing to a larger renter pool and ongoing demand for apartment units. Household incomes in the 3-mile area are comparatively high for the metro, reinforcing spending power that supports Class B/C renovations or steady Class A leasing, depending on positioning.
Amenity access is a mixed but investable profile: parks, restaurants, and cafes score well against national peers, adding day-to-day convenience for residents. By contrast, grocery and pharmacy counts register lower within the immediate neighborhood boundary, so some residents may rely on nearby commercial corridors. Public school ratings test above the national average, which can aid family renter retention.
Safety metrics for the neighborhood track below national percentiles and below the metro median, indicating a comparatively higher reported crime environment versus many Houston submarkets and neighborhoods nationwide. Investors should underwrite with attention to security, onsite lighting, and property management practices that support resident comfort and asset preservation.
Ranked 1,177 out of 1,491 Houston-area neighborhoods on crime (lower rankings indicating more incidents), the area sits well below the metro median and in the lower deciles nationally. Recent year-over-year estimates indicate an uptick in reported offenses, so monitoring trend direction and coordinating with experienced operators remains prudent.
The location draws on a concentration of nearby corporate headquarters and offices that bolster renter demand through short commutes and diversified white-collar employment. Notable nearby employers include ConocoPhillips, Sysco, Group 1 Automotive, Phillips 66, and Wells Fargo Advisors.
- Conocophillips — energy HQ campus (1.3 miles) — HQ
- Sysco — foodservice distribution (1.8 miles) — HQ
- Group 1 Automotive — auto retail (3.3 miles) — HQ
- Phillips 66 — energy (3.4 miles) — HQ
- Wells Fargo Advisors — financial services (4.5 miles)
This 122-unit Houston property is positioned in a top-quartile neighborhood for overall quality within the metro, with occupancy levels that outpace national benchmarks and a high concentration of renter-occupied housing units. Proximity to multiple Fortune 500 headquarters in the Energy Corridor and West Houston supports a steady white-collar tenant base. According to commercial real estate analysis from WDSuite, neighborhood rents trend above national averages while rent-to-income levels indicate room for disciplined rent growth management.
Within a 3-mile radius, recent population growth and an increase in households, coupled with projected gains over the next five years, point to a larger renter pool that can support stabilized operations and measured value creation through modernization and amenity upgrades. Amenity access is strong for parks, restaurants, and cafes, though investors should account for fewer grocery and pharmacy options within the immediate neighborhood boundary. Safety metrics register below metro averages, so operating plans should emphasize security and resident experience.
- High neighborhood occupancy and deep renter concentration support leasing stability
- Energy Corridor and West Houston HQs drive steady professional tenant demand
- 3-mile population and household growth expand the renter pool for future leasing
- Above-national rent levels with manageable rent-to-income support disciplined revenue strategy
- Risk: below-metro safety metrics and limited in-neighborhood grocer/pharmacy options require active management