| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 16th | Poor |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12380 Wood Bayou Dr, Houston, TX, 77013, US |
| Region / Metro | Houston |
| Year of Construction | 1998 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12380 Wood Bayou Dr, Houston TX Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, pointing to a deeper tenant base and durable demand, according to CRE market data from WDSuite. Occupancy trends sit near the metro midpoint, suggesting stable leasing with room for operational upside.
This Inner Suburb pocket of Houston carries a C neighborhood rating and ranks below the metro median (1175 of 1,491 neighborhoods), but its amenity positioning is above metro median when viewed broadly (711 of 1,491). On-the-ground options are mixed: cafes and grocery stores are limited locally, yet access to childcare and pharmacies scores in the upper national percentiles, which supports day‑to‑day livability for workforce renters.
At the property level, a 1998 vintage is newer than the neighborhood s average construction year (1972). That positioning can be competitively helpful versus older stock while still leaving room for targeted updates to systems and interiors to lift rents or retention without overcapitalizing.
Renter concentration is a key dynamic: about two-thirds of housing units in the immediate neighborhood are renter-occupied, indicating a wider pool of prospective tenants and support for steady absorption. Within a 3-mile radius, tenure is roughly balanced between owners and renters, broadening the demand catchment for multifamily while keeping leasing pipelines active.
Housing metrics show the area performing around the national middle on overall housing strength, with neighborhood occupancy near the metro midpoint. Median home values are in a more accessible ownership range for Houston, but the neighborhood s value-to-income position sits above many U.S. peers, which can reinforce reliance on rental housing. Rent-to-income readings track at moderate levels, aiding lease retention and reducing turnover risk for well-operated assets.
Demographics aggregated within a 3-mile radius indicate modest population softening alongside a slight increase in households and smaller average household sizes over the historical period rends that typically expand the renter pool for well-located, functional units. Looking forward, projections show an increase in households and incomes, which supports occupancy stability and measured rent growth for attainable product types.
Safety trends in this neighborhood are weaker than both metro and national comparisons, with rankings in the lower tiers among Houston neighborhoods and national percentiles that signal elevated crime exposure relative to many U.S. areas. Recent year-over-year indicators show increases in both violent and property offense rates, underscoring the importance of security planning, lighting, and partnership with local public safety resources.
For investors, underwrite with conservative assumptions for insurance, security enhancements, and potential loss factors, and weigh the submarket s leasing demand and pricing power against these operational considerations. Monitoring multi-year trend movement versus the metro average can help assess whether the risk profile is stabilizing or widening.
Proximity to Houston s energy and utilities corporate base supports renter demand via short commutes for office staff and contractors. The following nearby employers anchor daytime populations and can aid leasing and retention for workforce-oriented units.
- Calpine corporate offices (8.8 miles) HQ
- Waste Management corporate offices (8.9 miles) HQ
- Kinder Morgan corporate offices (9.1 miles) HQ
- NRG Energy corporate offices (9.1 miles)
- Centerpoint Energy corporate offices (9.1 miles) HQ
Built in 1998, the asset is newer than much of the surrounding housing stock, offering relative competitiveness against older properties while preserving value‑add levers through selective interior and system upgrades. Renter-occupied share in the neighborhood is high, supporting a deeper tenant base, and occupancy trends are near the metro midpoint. Home values relative to incomes point to a high-cost ownership context for many households locally, which reinforces reliance on rental housing and supports pricing power for well-managed, functional units. According to CRE market data from WDSuite, rent levels track at moderate rent-to-income ratios, which can aid retention and steady collections.
Within a 3-mile radius, households have ticked up historically despite slight population softening, with projections calling for continued household growth and higher incomes. This combination typically expands the renter pool and supports occupancy stability for mid-market apartments, particularly when paired with commute access to Houston s energy and utilities employers.
- 1998 vintage offers competitive positioning versus older local stock with targeted value-add potential
- High neighborhood renter-occupied share supports a deeper tenant base and steady leasing
- Moderate rent-to-income dynamics and a high-cost ownership context support retention and pricing discipline
- 3-mile household growth and income gains expand demand and support occupancy stability
- Risks: below-average safety metrics and limited nearby amenities warrant prudent security and operating assumptions