| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 39th | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5007 FM 1960 Rd W, Houston, TX, 77069, US |
| Region / Metro | Houston |
| Year of Construction | 2003 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5007 FM 1960 Rd W Houston Multifamily Investment
Inner-suburban Houston location with neighborhood occupancy in the top quartile nationally supports renter demand and lease stability, according to WDSuite’s CRE market data. Newer 2003 vintage versus local stock adds competitive positioning while leaving room for targeted updates.
Located in an Inner Suburb of Houston, the neighborhood posts a B+ rating with occupancy around 96.7% at the neighborhood level. With a rank of 362 out of 1,491 Houston-area neighborhoods and an 82nd national percentile, occupancy is competitive among Houston neighborhoods and in the top quartile nationally—an indicator of steady tenant demand rather than property-level performance.
Renter-occupied housing accounts for roughly 44% of units (rank 406 of 1,491; 84th national percentile), signaling a deep renter base that can support multifamily absorption and renewals. Within a 3-mile radius, population and household counts have grown and are projected to expand further, pointing to a larger tenant base over time. Forecasts show rising household incomes and contract rents, which can underpin pricing power but also call for attentive lease management to mitigate affordability pressure.
Everyday convenience is a relative strength: cafe and restaurant density benchmark well (around the 90th and upper-70s national percentiles, respectively), and grocery access sits above national norms. Park and pharmacy presence is limited in the immediate area, so resident convenience often revolves around commercial corridors rather than greenspace and walkable services—an operating consideration for amenity programming.
Home values in the neighborhood sit below many coastal metros, and the value-to-income ratio is moderate, which can introduce some competition from ownership options. However, a rent-to-income ratio near 20% suggests manageable tenant expense loads in this area, supporting retention potential when paired with stable neighborhood occupancy, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed in this part of Houston. Compared with neighborhoods nationwide, the area sits below the median for safety (overall crime roughly in the lower national percentiles), and its crime rank places it in the lower half among 1,491 Houston metro neighborhoods. This points to a risk factor that owners typically address through lighting, access control, and partnership with local patrols.
Recent year-over-year estimates indicate increases in both violent and property offenses at the neighborhood level. While these figures do not describe conditions at the property, monitoring trend direction, calibrating onsite security measures, and aligning resident communications remain prudent asset-management practices.
Proximity to energy, industrial, and technology employers supports a diversified workforce renter base and commute convenience. Notable nearby employers include CenterPoint Energy, Hewlett Packard Enterprise Customer Engagement Center, Enterprise Products, Emerson Process Management, and Halliburton.
- Centerpoint Energy — energy utility (3.35 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology/customer operations (4.96 miles)
- Enterprise Products — midstream energy (5.99 miles)
- Emerson Process Management — industrial automation (8.38 miles)
- Halliburton — oilfield services (10.32 miles) — HQ
Built in 2003 with 89 units, the property is newer than the neighborhood’s average vintage and can compete well against older stock while still offering selective value-add potential as systems age. Neighborhood occupancy ranks 362 of 1,491—competitive within Houston and top quartile nationally—supporting expectations for steady leasing and renewals. Within a 3-mile radius, population and households have expanded and are projected to increase further, indicating a larger tenant base. According to CRE market data from WDSuite, rent-to-income in this area remains manageable while household incomes are trending higher, balancing pricing power with retention.
Amenity access favors cafes, restaurants, and groceries, which helps daily convenience, though limited nearby parks and pharmacies warrant attention to onsite amenities and resident services. Safety metrics trail national benchmarks and have recently worsened at the neighborhood level, a manageable but real operating risk that should be addressed through standard security and community engagement. Ownership costs remain moderate locally, implying some competition from for-sale housing; however, the sizable renter concentration and strong neighborhood occupancy help sustain multifamily demand.
- 2003 vintage offers competitive positioning versus older stock, with targeted renovation and systems updates as upside
- Neighborhood occupancy competitive among Houston submarkets and top quartile nationally supports lease stability
- 3-mile radius shows population and household growth, expanding the tenant base over the medium term
- Amenity access strong for cafes, restaurants, and groceries, aiding daily convenience and retention
- Risks: below-median safety trends locally and limited parks/pharmacies require operational focus