| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 8th | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10901 Village Bend Ln, Houston, TX, 77072, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10901 Village Bend Ln Houston Multifamily Investment
Neighborhood occupancy trends are steady and above the metro median, according to WDSuites CRE market data, supporting durable renter demand near West Houston. With strong dining and grocery density and a large renter base, this location offers consistent leasing fundamentals.
This Urban Core pocket of West Houston offers everyday convenience that supports renter retention: restaurants and cafes rank in the top quartile nationally by density, and grocery options are similarly abundant. By contrast, parks, pharmacies, and childcare are sparse locally, which may shift amenity expectations toward on-site offerings and private services.
Multifamily performance indicators are constructive. The neighborhoods occupancy is above the metro median among 1,491 Houston neighborhoods and sits above national norms, pointing to stable lease-up and renewal dynamics. Median asking rents in the neighborhood benchmark above the national midpoint, which, combined with local incomes, suggests careful rent positioning will be important for retention.
Tenure patterns within a 3-mile radius show an estimated 68% of housing units are renter-occupied, indicating a deep tenant base that can support absorption across price points. Nearby median home values are modest in absolute terms but high relative to local incomes (high value-to-income ratio), which tends to sustain reliance on multifamily rentals rather than ownershipa favorable backdrop for leasing stability.
The propertys 1984 vintage is slightly older than the neighborhoods average construction year (1988). That age profile often implies targeted capital planning for building systems and presents potential value-add and modernization upside to stay competitive against newer stock.
Safety outcomes in this neighborhood track below the metro median among 1,491 Houston neighborhoods and sit in lower national percentiles, indicating comparatively higher incident rates than many peer areas. Recent year-over-year readings show upticks in both violent and property offenses, so investors commonly underwrite for proactive security measures and resident communication when evaluating operations and capex.
Proximity to major employers supports a broad workforce renter pool and commute convenience, including ABM SSC, National Oilwell Varco, Phillips 66, and Sysco corporate offices.
- Abm SSC corporate offices (0.95 miles)
- National Oilwell Varco Employees CU corporate offices (1.05 miles)
- National Oilwell Varco energy equipment (1.05 miles) HQ
- Phillips 66 energy (3.56 miles) HQ
- Sysco food distribution (5.52 miles) HQ
The 104-unit, 1984-vintage asset is positioned in a renter-heavy West Houston node with abundant dining and grocery access and neighborhood occupancy above the metro median. According to CRE market data from WDSuite, this areas leasing backdrop is supported by strong amenity density and a high value-to-income ownership landscape that tends to reinforce multifamily demand.
Within a 3-mile radius, household counts are projected to rise even as population trends level out, reflecting smaller average household sizes and a potential expansion of the renter pool. While the vintage may call for targeted system upgrades and selective renovations, those improvements can help capture value-add upside and maintain competitiveness versus newer properties.
- Above-metro occupancy and deep renter base support leasing stability
- Strong dining and grocery density underpins everyday livability and retention
- 1984 vintage offers value-add potential through targeted modernization
- Ownership costs relative to income sustain reliance on rentals, aiding demand
- Risks: below-metro safety positioning and limited nearby parks/childcare may require thoughtful operations and amenity strategy