| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1015 Country Place Dr Houston Multifamily Investment
Neighborhood occupancy sits in the top quartile nationally with a high share of renter-occupied units, according to WDSuite’s CRE market data, suggesting durable demand for stabilized operations.
This Inner Suburb location in Houston ranks 215 out of 1,491 metro neighborhoods (A rating), indicating competitive fundamentals for multifamily. Neighborhood occupancy is 96.8% and ranks 357 of 1,491—top quartile nationally—supporting expectations for steady lease-up and retention. The share of housing units that are renter-occupied is elevated (64.8%; rank 155 of 1,491), pointing to a deep tenant base.
Lifestyle amenities are a relative strength: restaurants and cafes score in the 85th–92nd national percentiles, and parks density is similarly strong (92nd percentile). Daily retail is thinner within the neighborhood boundary (few grocery and pharmacy options), so residents likely rely on nearby commercial corridors—an operational consideration for positioning and marketing.
The property’s 1975 vintage is slightly older than the neighborhood average (1976), which can create value-add potential through targeted renovations and systems upgrades. Median contract rents in the neighborhood trend above national norms (78th percentile) while the rent-to-income ratio sits near 0.23, suggesting manageable affordability pressure that can aid lease retention and support disciplined rent management.
Within a 3-mile radius, population and household counts have grown in recent years, with projections showing continued population growth and a notable increase in households alongside smaller average household sizes by 2028. Combined with an above-median neighborhood demographics profile and solid average school ratings (84th national percentile), these trends support a broader renter pool and occupancy stability for professionally managed multifamily assets.
Safety indicators for the neighborhood trend below national averages: crime-related percentiles are around the lower decile nationally, signaling elevated incident rates versus typical U.S. neighborhoods. Compared with other Houston neighborhoods, the area ranks in the lower tier (crime rank 1,177 out of 1,491), so investors should underwrite prudent security measures and property management protocols.
Recent year data indicate increases in both property and violent offenses. A balanced approach—lighting, access controls, partnerships with local patrol resources, and resident engagement—can help mitigate risk and support retention without overextending operating expenses.
Proximity to major Energy Corridor and corporate employers underpins workforce housing demand and commute convenience for residents, including ConocoPhillips, Sysco, Group 1 Automotive, Phillips 66, and Wells Fargo Advisors.
- Conocophillips — energy (1.3 miles) — HQ
- Sysco — food 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)
At 122 units with a 1975 vintage, the asset offers scale and potential value-add upside in a neighborhood that ranks competitively within the Houston metro. Occupancy in the surrounding area is top quartile nationally, and the renter-occupied share is high—both constructive for demand depth and leasing stability. Within a 3-mile radius, recent and projected growth in population and especially households, alongside shrinking household sizes, indicate a larger tenant base and steady absorption potential.
Median rents in the neighborhood run above national norms while rent-to-income readings remain moderate, supporting retention and disciplined pricing. Corporate employment anchors nearby—particularly in energy and services—provide diversified renter demand. According to CRE market data from WDSuite, these fundamentals align with stable operations, while the property’s older vintage may support a targeted renovation strategy to enhance competitiveness against newer stock.
- Top-quartile neighborhood occupancy and high renter concentration support leasing stability
- 1975 vintage provides value-add potential through unit and systems upgrades
- 3-mile radius shows population growth and strong household expansion, expanding the renter base
- Nearby corporate employers in energy and services bolster demand and retention
- Risks: below-average safety metrics and limited in-boundary daily retail warrant security planning and thoughtful positioning