| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 23rd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1819 Briarcreek Blvd, Houston, TX, 77073, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1819 Briarcreek Blvd Houston Multifamily Investment
Neighborhood occupancy trends hover in the mid-90s, supporting steady collections according to WDSuite’s CRE market data. A meaningful renter-occupied share points to a durable tenant base for a 44‑unit asset.
This Inner Suburb location in Harris County offers day‑to‑day convenience with groceries, pharmacies, and parks accessible, while cafes are less dense. Park and amenity access track above the Houston metro median based on local ranks, and restaurants are similarly positioned, which supports renter livability without a premium location price tag.
Occupancy at the neighborhood level is competitive among Houston neighborhoods, reinforcing leasing stability for multifamily operators. The renter-occupied share is elevated versus most U.S. neighborhoods (high national percentile), signaling depth in the tenant pool and consistent demand for professionally managed apartments.
Within a 3‑mile radius, recent population and household growth, alongside rising median incomes, indicate a larger tenant base and support for rent levels going forward. Projections over the next five years point to further increases in households and contract rents, suggesting continued renter pool expansion and potential for steady absorption. This outlook is grounded in commercial real estate analysis using WDSuite as a data source.
Housing costs in the immediate area are moderate by national standards, and rent-to-income levels indicate manageable affordability pressure for operators focused on retention and renewal strategies. School ratings trend weaker than national benchmarks, a factor for some family renters, but proximity to job centers and everyday amenities offsets with commute convenience.
Safety indicators for the neighborhood track below national medians, with crime measures reflecting a more challenging profile than many U.S. areas. Within the Houston metro’s 1,491 neighborhoods, the area trends around the middle of the pack, suggesting conditions that vary block to block and warrant standard risk management practices.
Recent estimates indicate a year‑over‑year uptick in both property and violent offenses. Owners often address this through lighting, access controls, and partnerships with local patrol resources, alongside tenant screening and community engagement. Framing safety comparatively rather than precisely, investors should underwrite to current conditions and monitor trend direction over the next leasing cycles.
The area draws from a broad North Houston employment base in energy and healthcare services, supporting workforce renter demand and commute convenience to nearby corporate offices including Halliburton, McKesson Specialty Health, Anadarko Petroleum, CenterPoint Energy, and Hewlett Packard Enterprise.
- Halliburton — energy services (7.2 miles) — HQ
- McKesson Specialty Health — healthcare services (9.6 miles)
- Anadarko Petroleum — energy (9.7 miles) — HQ
- Centerpoint Energy — utilities (10.5 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology (11.9 miles)
Built in 1984, the property is slightly older than the neighborhood average vintage, creating potential value‑add through targeted renovations and systems upgrades while remaining competitive against nearby 1990s stock. Neighborhood occupancy has held near the mid‑90s and the renter-occupied unit share is high nationally, both supportive of stable leasing and renewal capture. According to CRE market data from WDSuite, local rents and incomes have grown, with rent-to-income levels indicating manageable affordability pressure that can aid retention.
Positioned in an inner‑suburban pocket with everyday amenities and access to diversified employers, the asset benefits from a growing 3‑mile household base and projected renter pool expansion. Operators should balance these strengths with prudent assumptions around safety trends and ongoing capital planning typical for 1980s construction.
- Competitive neighborhood occupancy and high renter concentration support stable demand
- 1984 vintage offers value‑add and systems upgrade potential versus newer comparables
- Growing 3‑mile population and households expand the tenant base and support absorption
- Access to diversified nearby employers underpins workforce renter appeal
- Risk: below‑median national safety profile and aging building systems require active management