| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 41st | Fair |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3003 Windchase Blvd, Houston, TX, 77082, US |
| Region / Metro | Houston |
| Year of Construction | 1991 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3003 Windchase Blvd, Houston TX Multifamily Investment
Neighborhood occupancy is strong and comparatively stable, according to WDSuite’s CRE market data, supporting consistent renter demand for well-located suburban assets.
The property sits in an Inner Suburb pocket of Houston with a B+ neighborhood rating and a rank of 418 among 1,491 metro neighborhoods, which is competitive among Houston-The Woodlands-Sugar Land neighborhoods. Occupancy in the surrounding neighborhood is high and has strengthened over the last five years, with levels in the top decile nationally. This backdrop typically supports steady leasing and reduces downtime between turns for comparable multifamily assets.
Local amenity access is a relative strength. Grocery store density is in the national top decile, with parks and cafes both in the national top quartile. These fundamentals improve day-to-day livability and can aid retention, though pharmacy options appear limited locally, which may shift some errands to nearby corridors.
Within a 3-mile radius, households have grown even as population edged lower, indicating smaller household sizes and a gradual shift toward more, smaller households entering the market. Median incomes have trended upward, and the rent-to-income profile suggests manageable affordability pressure for typical renters, which can support lease retention and measured rent growth.
Tenure data within a 3-mile radius shows an estimated 62% of housing units are renter-occupied, signaling a deep tenant base and durable multifamily demand relative to for-sale alternatives. Home values are lower than many coastal markets, which can introduce some competition from ownership; however, the concentration of renters and strong neighborhood occupancy provide a supportive backdrop for stabilized operations.
Safety trends are mixed and should be evaluated with submarket context. Compared with neighborhoods nationwide, recent measures place the area below average on safety; however, property crime indicators have eased year over year while violent crime trends have been more volatile. Within the Houston metro, the neighborhood’s overall crime rank sits in the middle tier among 1,491 neighborhoods, underscoring the importance of asset-level security, lighting, and management practices.
Investors should focus on trend direction, site-specific controls, and tenant profile rather than block-level conclusions. Monitoring shifts alongside leasing performance can help calibrate marketing, screening, and operating expenses to sustain occupancy stability.
Proximity to large corporate employers supports a broad commuter tenant base and can reinforce leasing stability for workforce-oriented units. Nearby anchors include Sysco, ConocoPhillips, Phillips 66, ABM SSC, and National Oilwell Varco.
- Sysco — corporate offices (2.1 miles) — HQ
- Conocophillips — energy corporate offices (4.1 miles) — HQ
- Phillips 66 — energy corporate offices (4.2 miles) — HQ
- Abm SSC — corporate services (5.1 miles)
- National Oilwell Varco — energy equipment corporate offices (5.2 miles) — HQ
This 67-unit asset benefits from a neighborhood with high occupancy and solid amenity access, helping support consistent renter demand and lease retention. Household growth within a 3-mile radius alongside smaller average household sizes points to a larger tenant base over time, while a predominantly renter-occupied housing mix indicates depth in the market.
According to commercial real estate analysis from WDSuite, the neighborhood’s occupancy performance outpaces many metro peers, and proximity to major employers should continue to bolster demand from commuting households. While ownership costs are relatively accessible for Houston, the renter concentration and local convenience amenities help sustain multifamily relevance; investors should still underwrite prudent concessions and security measures given mixed safety signals.
- High neighborhood occupancy and strengthening trend support stable leasing
- Dense nearby employment (energy and corporate HQs) underpins commuter demand
- Renter concentration within 3 miles suggests a deep tenant pool for multifamily
- Accessible ownership market may compete with rentals — underwrite rents and renewals conservatively
- Mixed safety trends warrant continued investment in security and resident experience