| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2450 Aldine Westfield Rd, Houston, TX, 77093, US |
| Region / Metro | Houston |
| Year of Construction | 2000 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2450 Aldine Westfield Rd Houston Multifamily Investment Outlook
Neighborhood occupancy trends sit near the metro median and renter-occupied share is elevated, supporting steady demand according to WDSuite's CRE market data.
Situated in Houston's inner-suburb fabric, the area around 2450 Aldine Westfield Rd offers practical access to employment corridors but limited retail and daily conveniences within the immediate neighborhood. Amenity density is on the lower end among 1,491 metro neighborhoods, while park access is a relative strength, placing in the top quartile nationally, which supports resident livability and lease appeal.
For investors, the neighborhood's occupancy rate tracks close to national and metro medians, indicating neither pronounced friction nor clear oversupply. The share of housing units that are renter-occupied is high compared with neighborhoods nationwide, pointing to a deeper tenant base and steadier multifamily demand, per commercial real estate analysis from WDSuite. Median neighborhood rents tend to be lower than many Houston submarkets, which can support lease retention where rent-to-income ratios remain more manageable.
Vintage and competitive positioning: The property's 2000 construction is newer than the neighborhood's average (largely 1960s-era stock). This generally enhances competitive positioning versus older assets and can support modest rent premiums with targeted upgrades; investors should still budget for life-cycle system updates and modernization to meet current renter expectations.
Demographics within 3 miles: Recent data show roughly flat population but a growing household count and smaller average household sizes. This combination indicates a gradual expansion of the renter pool and supports occupancy stability even without strong headcount growth.
Ownership landscape and affordability: Home values run high relative to incomes on a national basis, which tends to sustain reliance on rental housing and can reinforce pricing power for well-managed assets. At the same time, local rent-to-income ratios are comparatively moderate, aiding renewal rates and lowering turnover risk for workforce-oriented units.
Compared with the Houston metro, the neighborhood trends below average for safety and sits in lower national percentiles. Underwriting should reflect enhanced security measures and resident engagement to support leasing velocity, reputation, and retention.
Recent indicators suggest an uptick in reported offenses year over year. Ongoing monitoring, visible on-site management, and partnerships with local initiatives can help mitigate perception risks relative to peer neighborhoods.
Nearby energy and power corporates provide a broad employment base that supports renter demand and commute convenience, with multiple headquarters clustered roughly six miles from the property.
- Calpine - power generation (6.0 miles) - HQ
- Halliburton - oilfield services (6.2 miles) - HQ
- NRG Energy - power & utilities (6.2 miles)
- Targa Resources - midstream energy (6.3 miles) - HQ
- Eog Resources - exploration & production (6.3 miles) - HQ
This 120-unit property built in 2000 competes against an older neighborhood base, offering relative quality advantages with targeted upgrades. According to CRE market data from WDSuite, occupancy trends run near metro medians while the share of renter-occupied housing units is elevated nationally, which supports a deeper tenant base and steadier absorption.
Within a 3-mile radius, household counts have been rising and are projected to continue increasing alongside smaller average household sizes, pointing to renter pool expansion even as population growth remains modest. High ownership costs relative to incomes reinforce reliance on rental housing, while comparatively moderate rent-to-income levels can aid resident retention. Key risks include lower amenity density and below-average safety metrics, which call for focused operations, security, and marketing.
- Elevated renter-occupied share supports a deeper tenant base and steadier demand.
- 2000 vintage offers competitive positioning versus older local stock; plan targeted modernization for system longevity.
- Within 3 miles, rising household counts and smaller household sizes point to renter pool expansion and occupancy stability.
- High-cost ownership context with moderate rent-to-income levels can support pricing power and renewals.
- Risks: lower amenity density and below-average safety may affect leasing velocity; budget for security and proactive marketing.