| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 53rd | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3130 Mangum Rd, Houston, TX, 77092, US |
| Region / Metro | Houston |
| Year of Construction | 1975 |
| Units | 120 |
| Transaction Date | 2011-10-04 |
| Transaction Price | $1,350,000 |
| Buyer | U S BANK NATIONAL ASSOCIATION |
| Seller | BURNHAM WOODS REALTY LP |
3130 Mangum Rd Houston Multifamily Investment Position
Renter concentration in the surrounding neighborhood supports a deeper tenant base and steady leasing, according to WDSuite’s CRE market data. Occupancy trends warrant active management, but location fundamentals and commuter access provide ongoing demand drivers.
Located in an inner-suburb pocket of Houston, the neighborhood shows a B rating and competitive day-to-day convenience for residents. Grocery access is a relative strength versus many areas across the metro, while parks, pharmacies, and cafes are limited locally. For investors, this mix points to reliable essentials that support retention, with fewer lifestyle amenities that can be offset through onsite offerings and resident programming.
Neighborhood-level rents skew modest, which can help sustain occupancy during softer periods, while the share of housing units that are renter-occupied is elevated. A higher renter concentration typically indicates a broader tenant funnel and supports leasing velocity for professionally managed assets. Compared with neighborhoods nationwide, overall performance sits near the middle of the pack, signaling stable but not overheated fundamentals.
Demographics aggregated within a 3-mile radius show recent increases in households alongside smaller average household sizes, expanding the pool of renters seeking smaller floor plans and professionally managed communities. Forward-looking projections indicate further population and household growth, which should translate into a larger tenant base and support occupancy stability over time.
Ownership dynamics matter for pricing power: even with relatively modest home values locally, ownership costs relative to incomes are elevated in this neighborhood, reinforcing sustained reliance on multifamily rentals rather than rapid migration into ownership. For investors, this points to durable renter demand with an emphasis on value-oriented, well-managed operations.
Safety indicators for the neighborhood track below metro averages and sit in the lower quartile nationally, based on WDSuite’s market benchmarks. Recent year-over-year changes show increases in both property and violent offenses at the neighborhood level, underscoring the importance of proven security practices, lighting, and collaboration with local patrol resources.
For underwriting, frame safety as a manageable operational variable: emphasize resident screening, access controls, and visibility enhancements. Compare trends to nearby Houston neighborhoods during diligence to calibrate marketing, staffing, and capital plans.
Nearby employment centers include energy and financial services offices that support commuter demand and lease retention for workforce-oriented units: ExxonMobil - Brookhollow Campus, Prudential, Wells Fargo Advisors, Apache, and Baker Hughes.
- ExxonMobil - Brookhollow Campus — energy offices (0.6 miles)
- Prudential — financial services (4.2 miles)
- Wells Fargo Advisors — financial services (4.6 miles)
- Apache — energy (5.0 miles) — HQ
- Baker Hughes — energy & industrial services (5.4 miles) — HQ
3130 Mangum Rd is positioned in a renter-heavy Houston neighborhood where grocery access and commuter connectivity help sustain day-to-day livability. Demographics aggregated within a 3-mile radius show household growth and shrinking household sizes, which typically support demand for smaller units and steady leasing. According to CRE market data from WDSuite, neighborhood occupancy trends run below national medians, so performance depends on hands-on operations, competitive amenities, and disciplined renewals to capture durable demand rather than relying on market momentum.
Ownership costs relative to local incomes remain elevated at the neighborhood level, reinforcing reliance on rental housing and supporting retention for well-managed, value-oriented properties. A deep nearby employment base in energy and financial services adds commuter demand that can stabilize occupancy through cycles, while the property’s smaller average unit size can align with singles and mobile professionals seeking attainable price points.
- Renter-oriented neighborhood supports a broad tenant base and steady leasing
- 3-mile radius shows rising households and smaller household sizes, expanding demand for smaller units
- Elevated ownership costs relative to incomes reinforce multifamily reliance and retention
- Proximity to energy and financial employers underpins commuter demand and renewals
- Risk: neighborhood safety and below-median occupancy require focused security and operational execution