| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 31st | Fair |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1222 Falcon St, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 1974 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1222 Falcon St Houston Multifamily Opportunity
Steady renter demand in an inner-suburban pocket of Houston supports income durability, according to WDSuite’s CRE market data. Neighborhood occupancy trends are stable, with pricing positioned to compete for cost-conscious tenants.
This Inner Suburb location balances everyday conveniences with value-oriented rents for Houston. Neighborhood grocery and dining access test above national medians, while parks, cafes, and pharmacies are comparatively limited — a trade-off that often favors workforce housing strategies. Average school ratings land above the national midpoint, which can help with family retention.
Relative to the Houston-The Woodlands-Sugar Land metro’s 1,491 neighborhoods, overall neighborhood standing is below the metro median, but occupancy sits modestly above national midpoints and has been broadly steady. Median contract rents in the neighborhood benchmark below national levels, offering competitive positioning for lease-up and renewals.
The housing stock skews older for the area, and the subject’s 1974 vintage is newer than much of the immediate neighborhood, which can support leasing versus older comparables while still leaving room for targeted modernization. A higher-than-typical renter-occupied share across neighborhood housing units signals depth in the tenant base, which can underpin demand stability for multifamily assets.
Within a 3-mile radius, demographics show a slight population decline alongside a small increase in households and smaller average household sizes. Looking ahead, projections indicate further household growth with continued downsizing, pointing to a larger renter pool and support for occupancy, even as population softens. Home values in this area are comparatively low versus national norms; that can introduce some competition from ownership options, but it also underscores the importance of well-managed affordability and unit finishes to sustain pricing power.
Safety indicators for the neighborhood trend below national averages, with property and violent offense measures comparing weaker than most U.S. neighborhoods. Within the Houston metro’s 1,491 neighborhoods, the area ranks in the less favorable half for crime, and recent year-over-year readings show increases. Investors typically account for this with enhanced on-site management, lighting, and access control to support retention and leasing.
Proximity to a cluster of energy and utility corporate offices helps anchor the employment base and supports renter demand via commute convenience and diversified white-collar payrolls. Nearby employers include Calpine, Waste Management, Kinder Morgan, NRG Energy, and CenterPoint Energy.
- Calpine — energy (8.8 miles) — HQ
- Waste Management — environmental services (8.8 miles) — HQ
- Kinder Morgan — midstream energy (9.0 miles) — HQ
- NRG Energy — energy (9.0 miles)
- Centerpoint Energy — utilities (9.1 miles) — HQ
1222 Falcon St offers an attainable-rent positioning in an Inner Suburb of Houston where neighborhood occupancy has been resilient and renter concentration is comparatively high. The 1974 vintage is newer than much of the local stock, which can provide a competitive edge versus older comparables while leaving room for selective upgrades to drive retention and modest rent lifts. Based on commercial real estate analysis and CRE market data from WDSuite, local rents benchmark below national medians, supporting lease-up and renewal economics for cost-conscious renters.
Within a 3-mile radius, households are increasing even as population trends soften, implying smaller households and a broader tenant base over time. Ownership costs are relatively low for the metro, which can introduce competition from single-family and entry-level ownership; however, multifamily’s convenience and managed affordability typically sustain demand in this part of Houston. Crime metrics are a watch item and may require active property management and capex for security to support leasing outcomes.
- Stable neighborhood occupancy and higher renter-occupied share support demand durability
- 1974 vintage newer than nearby stock, with value-add potential through targeted modernization
- Rents positioned below national medians aid lease-up and renewal competitiveness
- 3-mile outlook shows household growth and smaller sizes, expanding the renter pool
- Risks: below-average safety metrics and relatively accessible ownership options may temper pricing power