| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 36th | Fair |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13000 Woodforest Blvd, Houston, TX, 77015, US |
| Region / Metro | Houston |
| Year of Construction | 1981 |
| Units | 120 |
| Transaction Date | 2021-11-19 |
| Transaction Price | $11,969,400 |
| Buyer | TIMBER RUN PROPERTY DC LLC |
| Seller | MONUMENT TIMBER RUN LLC |
13000 Woodforest Blvd Houston Multifamily Investment
Renter concentration is solid and everyday retail access is fair, pointing to steady leasing fundamentals in this inner-suburban pocket, according to WDSuite’s CRE market data.
The property sits in an inner-suburban Houston location with a renter-occupied share that is high for the metro (mid‑50s), signaling a deeper tenant base and potential for steadier absorption during normal turnover cycles. Neighborhood occupancy trends are around national norms, which supports baseline stability rather than outsized volatility.
Daily needs are reasonably covered: grocery access scores competitive among Houston neighborhoods (top quartile locally and strong in national comparisons), and restaurant density is competitive among Houston neighborhoods (ranked within roughly the top third of 1,491 metro neighborhoods). Cafes and parks are thinner in the immediate area, so on-site amenities and unit finishes can play a larger role in retention.
School ratings in the area average near the high‑50s to low‑60s percentiles nationally (about a 3.0 out of five), which is above the national median and supportive for family‑oriented renter demand. Home values sit near the national midpoint but trend higher relative to local incomes (value‑to‑income near the upper third nationally), which often sustains reliance on multifamily housing and can aid renewal capture.
Within a 3‑mile radius, demographics indicate modest population growth over the past five years and a larger increase in households, with forecasts pointing to continued household gains alongside slightly smaller average household sizes. For investors, that pattern typically expands the renter pool and supports occupancy stability, particularly for professionally managed, well‑maintained assets.
Safety metrics for the neighborhood track below national norms, and the area ranks in the lower half among 1,491 Houston metro neighborhoods. Recent year estimates show a small decline in property offenses, while violent‑crime indicators remain comparatively weaker versus national benchmarks. Conditions vary by micro‑area and over time, so investors typically underwrite to active management, lighting, and access controls to support resident retention.
Nearby employment is anchored by energy and utilities corporate offices roughly 10–11 miles away, supporting a sizable commuter tenant base and helping lease retention through job connectivity to Downtown and the East Houston industrial corridor.
- Calpine — power generation (10.5 miles) — HQ
- Waste Management — environmental services (10.6 miles) — HQ
- Air Products — industrial gases (10.6 miles)
- Kinder Morgan — midstream energy (10.7 miles) — HQ
- NRG Energy — power and retail energy (10.7 miles)
This 120‑unit asset is positioned in a renter‑heavy inner suburb where grocery and restaurant access is competitive locally, and ownership costs run higher relative to incomes. Those conditions typically support multifamily demand depth, while neighborhood occupancy trends near national norms point to steady, if unspectacular, baseline performance. Smaller average unit sizes at the property create an attainable price point that can broaden the tenant base and support lease‑up and renewal strategies.
Within a 3‑mile radius, recent population gains and faster household growth indicate a gradually expanding renter pool, with forecasts calling for additional household growth and modestly smaller household sizes—favorable for multifamily absorption. According to commercial real estate analysis from WDSuite, the area’s high renter concentration and durable employment base should continue to underpin leasing fundamentals, provided owners actively manage for safety and amenity differentiation.
- Renter‑heavy neighborhood supports a deeper tenant base and steadier absorption
- Competitive grocery and dining access aids day‑to‑day livability and retention
- Smaller average unit sizes enable more attainable rents and broaden demand
- Expanding household counts within 3 miles point to ongoing renter pool growth
- Risks: below‑median safety metrics and limited parks/cafes require active management and amenity strategy