| 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 | 2006-02-09 |
| Transaction Price | $37,618,800 |
| Buyer | LEXINGTON AT CHAMPIONS LLC |
| Seller | MOSAIC LEXINGTON LP |
5007 FM 1960 Rd W Houston Multifamily Opportunity
Neighborhood occupancy trends point to durable renter demand relative to national norms, according to WDSuite’s CRE market data.
This Inner Suburb location in Houston balances everyday convenience with steady renter demand. Neighborhood occupancy is strong (measured for the neighborhood, not the property) and sits in the upper tier nationally, which supports leasing stability and reduces downtime risk for multifamily assets. Average school ratings are around the national middle, offering broad-based appeal without being a primary rent driver.
Amenity access is a local strength: cafes and restaurants are dense relative to many U.S. neighborhoods, and grocery options are competitive among Houston neighborhoods. Park and pharmacy access is limited nearby, so onsite amenities and service partnerships can help round out livability for residents.
Ownership costs in the area track close to the national middle, which typically sustains the renter pool without creating outsized pricing power. Rent-to-income metrics for the neighborhood suggest manageable affordability pressure for tenants, a positive for retention and occupancy management. The neighborhood’s renter-occupied share is elevated versus national norms, indicating a deeper base of households that rely on multifamily housing.
Within a 3-mile radius, the population has expanded in recent years and is projected to keep growing. Household counts are expected to rise faster than population, signaling smaller household sizes and a potential increase in apartment demand. These trends, based on CRE market data from WDSuite, support a broader tenant base for stabilized assets and measured value-add strategies.
Safety indicators for the neighborhood sit around the metro median among 1,491 Houston-area neighborhoods. Nationally, the area ranks below average on safety percentiles, so investors should underwrite with conservative assumptions for security measures and loss mitigation.
Recent year-over-year estimates point to increases in both property and violent offense rates at the neighborhood level. While conditions can vary block to block, a pragmatic approach—enhanced lighting, access controls, and resident engagement—can help support resident satisfaction and retention over the hold period.
The surrounding employment base features energy, technology, and industrial firms that underpin local renter demand and commute convenience, including CenterPoint Energy, Hewlett Packard Enterprise, Enterprise Products, Emerson Process Management, and Halliburton.
- Centerpoint Energy — energy utility offices (3.35 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology/customer operations (4.96 miles)
- Enterprise Products — midstream energy offices (5.99 miles)
- Emerson Process Management — industrial automation offices (8.38 miles)
- Halliburton — oilfield services (10.32 miles) — HQ
Built in 2003, the property is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while still warranting selective capital planning for mid-life systems and modernization. Neighborhood occupancy is high and renter-occupied share is elevated, supporting depth of demand and potential lease stability. According to CRE market data from WDSuite, local amenity density (food, beverage, and grocery) contributes to livability, while ownership costs near national norms and manageable rent-to-income levels support retention more than aggressive near-term pricing power.
Within 3 miles, population and households have grown and are projected to expand further, with household sizes trending smaller—an outlook that can increase the number of renting households. Investors should balance these fundamentals with prudent underwriting for security, as safety metrics trail national averages, and consider augmenting amenities given limited nearby parks and pharmacies.
- 2003 vintage offers a competitive edge versus older neighborhood stock, with targeted capex for systems and finishes
- Strong neighborhood occupancy and an elevated renter-occupied share support leasing stability
- Amenity-rich corridor (dining, cafes, grocery) enhances resident convenience and retention
- 3-mile population and household growth, with smaller household sizes, expands the tenant base over time
- Risks: below-average national safety metrics and limited nearby parks/pharmacies warrant proactive security and amenity strategy