| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 66th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10330 Westview Dr, Houston, TX, 77043, US |
| Region / Metro | Houston |
| Year of Construction | 1975 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10330 Westview Dr Houston Multifamily Investment
Positioned in a top-quartile Houston inner suburb with strong everyday amenities, this asset benefits from a renter base supported by a high-cost ownership market; according to WDSuite’s CRE market data, these neighborhood dynamics help sustain demand for multifamily units.
The property sits in an Inner Suburb of Houston ranked 204 out of 1,491 metro neighborhoods (A-rated), placing it in the top quartile among 1,491 metro neighborhoods. Everyday conveniences are strong: restaurants and groceries index well above national norms (both in the 90th percentile range nationally), and park and pharmacy access are also well above average. Cafes and childcare are less dense locally, which may limit certain lifestyle conveniences compared to core urban districts.
Neighborhood occupancy trends are steady but currently below the metro median, while renter demand is reinforced by a higher renter-occupied share of housing units than typical nationally. Median contract rents in the area sit near national mid-range levels, supporting a broad tenant base rather than a narrow luxury segment. School ratings track below national averages, which may reduce appeal for some family households but does not preclude workforce-oriented leasing.
Construction patterns skew slightly older in the immediate neighborhood (average vintage 1968). With a 1975 build, this property is newer than the local average, offering relative competitiveness versus older stock while still warranting targeted system upgrades or modernization to meet today’s renter expectations.
Demographics aggregated within a 3-mile radius indicate households have grown in recent years even as population was roughly flat, suggesting smaller household sizes and continued formation that can expand the renter pool. Forward-looking projections call for notable increases in both population and households over the next five years, a setup that typically supports occupancy stability and leasing velocity for multifamily assets.
Home values in the neighborhood are elevated relative to income (high national percentile for value-to-income), signaling a high-cost ownership market. For investors, that dynamic tends to sustain reliance on rental housing, supporting retention and pricing power when managed alongside rent-to-income levels that remain within workable ranges for local incomes.
Safety metrics for the neighborhood trend below national averages, and the area ranks in the lower tier among Houston metro neighborhoods. Recent year estimates also indicate increases in both property and violent offenses. For underwriting and asset management, investors commonly account for this with enhanced on-site security measures, lighting, and community engagement, and by calibrating lease terms and operating practices to support resident retention.
As always, safety conditions vary within sub-areas and over time. Comparing updates across multiple periods and sources can help clarify whether trends are stabilizing or shifting relative to the broader Houston region.
Proximity to major corporate offices anchors a diversified employment base that supports workforce housing demand and commute convenience, including Group 1 Automotive, Wells Fargo Advisors, Phillips 66, ConocoPhillips, and Sysco.
- Group 1 Automotive — corporate offices (1.1 miles) — HQ
- Wells Fargo Advisors — financial services (1.8 miles)
- Phillips 66 — energy (3.5 miles) — HQ
- ConocoPhillips — energy (3.9 miles) — HQ
- Sysco — foodservice distribution (4.6 miles) — HQ
10330 Westview Dr combines an A-rated Inner Suburb location with strong everyday amenities and a renter base supported by a high-cost ownership market. Based on CRE market data from WDSuite, neighborhood occupancy trends are stable yet below the metro median, while the renter-occupied share is elevated relative to national norms—factors that together suggest depth in tenant demand with scope to drive leasing through effective operations.
Built in 1975, the property is slightly newer than the area’s average stock, offering competitive positioning versus older assets while presenting targeted value-add through common-area refreshes, interiors, and systems modernization. Three-mile demographics point to rising household counts and projected growth ahead, which typically supports renter pool expansion, retention, and sustained pricing power when paired with disciplined affordability management.
- A-rated, top-quartile location among 1,491 metro neighborhoods with strong grocery, restaurant, and park access
- High-cost ownership market reinforces reliance on rentals, supporting demand depth and lease retention
- 1975 vintage offers competitive positioning versus older stock with clear modernization and value-add pathways
- 3-mile household growth and positive projections support renter pool expansion and occupancy stability
- Risk: Neighborhood safety metrics are below national norms; underwriting should reflect security and operational mitigation