| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 23rd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2257 Millstone Dr, Houston, TX, 77073, US |
| Region / Metro | Houston |
| Year of Construction | 1984 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2257 Millstone Dr, Houston TX Multifamily Investment
Neighborhood-level occupancy sits around the mid-90s, pointing to stable renter demand around the asset according to WDSuite s CRE market data. These are area metrics, not property performance, and they suggest steady leasing conditions for well-positioned units.
The property sits in an Inner Suburb of the Houston-The Woodlands-Sugar Land metro with a neighborhood rating of B and an overall rank that is above the metro median among 1,491 metro neighborhoods. Local fundamentals indicate balanced livability and access to daily needs that can support resident retention.
Renter-occupied housing accounts for roughly 46% of units in the neighborhood, implying a meaningful renter concentration and a broad tenant base for multifamily assets. Neighborhood occupancy is in the low-to-mid 90s, which typically supports leasing stability and reduces downtime between turns.
Amenities are mixed: restaurants, groceries, parks, and pharmacies track around the 60s in national percentiles, while cafes are sparse. Average school ratings in the neighborhood sit in a low national percentile, which may matter for family-oriented leasing strategies. Median home values are moderate for the region, which can introduce some competition from ownership options; however, rent-to-income ratios in the area are relatively manageable, helping sustain tenant retention and reduce turnover risk.
Within a 3-mile radius, demographics show recent growth in population and households, with forecasts pointing to additional increases through the next five years. A growing local resident base and rising household incomes expand the potential renter pool and can underpin occupancy and rent durability for well-managed communities, based on commercial real estate analysis from WDSuite.
Safety conditions benchmark below the national median, with the neighborhood landing in lower national percentiles versus U.S. peers. Year over year, both property and violent offense estimates have moved higher, signaling that investors should underwrite to active security measures and stay attentive to operating practices that support resident comfort.
Relative positioning within the Houston metro varies by subcategory, but the broader takeaway is that this area does not fall into the top quartile nationally for safety. Prudent operators typically consider lighting, access controls, and coordination with local resources as part of risk management and leasing strategy.
The surrounding employment base blends energy, healthcare, and utilities, supporting a wide commuter pool and weekday demand drivers. Key nearby employers include Halliburton, McKesson Specialty Health, Anadarko Petroleum, CenterPoint Energy, and Hewlett Packard Enterprise.
- Halliburton energy services (6.8 miles) HQ
- McKesson Specialty Health healthcare distribution (9.96 miles)
- Anadarko Petroleum energy (10.06 miles) HQ
- Centerpoint Energy utilities (10.60 miles)
- Hewlett Packard Enterprise Customer Engagement Center technology services (12.13 miles)
Built in 1984, the asset is older than the neighborhood s average vintage, creating a clear value-add and capital planning angle to enhance interiors, systems, and curb appeal. Neighborhood occupancy trends near the mid-90s and a renter concentration near half of housing units indicate depth in the tenant base and potential for stable leasing, according to CRE market data from WDSuite.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, expanding the renter pool. Balanced amenity access and moderate ownership costs suggest some competition with for-sale housing, but manageable rent-to-income levels can support retention for well-operated communities.
- 1984 vintage offers value-add and systems modernization potential versus newer stock
- Neighborhood occupancy in the low-to-mid 90s supports leasing stability
- 3-mile radius shows population and household growth, enlarging the tenant base
- Moderate ownership costs present some competition; rent-to-income levels aid retention
- Risks: below-median safety benchmarks and low school ratings warrant active management