| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 72nd | Best |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6110 Fairdale Ln, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | 2014-12-03 |
| Transaction Price | $3,006,300 |
| Buyer | NHM TEXAS PROPERTIES LLC |
| Seller | HLC PROPERTIES LLC |
6110 Fairdale Ln Houston 100-Unit Multifamily
Amenity-rich Urban Core location with deep renter concentration supports demand, while neighborhood occupancy trends warrant disciplined lease management, according to WDSuites CRE market data.
Situated in Houstons Urban Core, the property benefits from a neighborhood that ranks competitive among Houston-The Woodlands-Sugar Lands 1,491 neighborhoods and sits in the top quartile nationally for overall amenities. Dense restaurant, grocery, and pharmacy coverage places daily needs within close reach, reinforcing renter appeal and lowering car-reliance for many residents.
Renter-occupied housing is notably high in this neighborhood (above metro median), signaling a large tenant base and steady multifamily demand. By contrast, the neighborhoods occupancy level trends below national medians, suggesting investors should prioritize targeted leasing strategies and renewal execution to sustain stability.
Within a 3-mile radius, recent population growth and a rising household count indicate a larger tenant base over time, while smaller average household sizes point to continued demand for apartment living. Median household incomes have been increasing alongside rising asking rents, supporting effective rent collections and potential for steady absorption in professionally managed assets.
Home values in the area are elevated for Houston, and the value-to-income relationship is high relative to national benchmarks. This high-cost ownership environment tends to sustain reliance on multifamily rentals, while rent-to-income levels remain comparatively manageable, supporting retention and reducing turnover risk for well-operated communities.
The average neighborhood construction year skews older than 1981. This propertys 1981 vintage is newer than much of the local stock, which can provide a competitive edge versus older buildings; however, investors should still anticipate selective modernization and systems upgrades to meet current renter expectations and drive rent premiums.
Safety metrics for the immediate neighborhood trend below metro and national averages. The area ranks toward the lower end among 1,491 Houston metro neighborhoods and sits in a low national safety percentile, indicating elevated reported crime relative to many U.S. neighborhoods.
Recent year-over-year estimates indicate upticks in both property and violent offenses at the neighborhood level. Investors should underwrite with prudent assumptions, emphasize lighting and access controls, and coordinate with professional management on resident safety communication and partnerships with local resources.
Proximity to established corporate offices supports a robust commuter tenant base and leasing continuity, with nearby roles spanning energy and financial services from Quanta Services, Apache, Prudential, Occidental, and Wells Fargo Advisors.
- Quanta Services corporate offices (1.6 miles) HQ
- Apache corporate offices (1.7 miles) HQ
- Prudential financial services offices (2.5 miles)
- Occidental energy offices (3.4 miles)
- Wells Fargo Advisors financial services offices (4.1 miles)
This 100-unit, 1981-vintage asset offers scale in an amenity-dense Urban Core location with a deep renter base and proximity to major employers. Based on commercial real estate analysis and CRE market data from WDSuite, the neighborhood shows strong amenity access and elevated ownership costs that reinforce multifamily demand, while rent-to-income levels appear comparatively manageable for retention.
Key underwriting considerations include neighborhood occupancy that trends below national medians and safety metrics that underperform metro averages. These risks can be mitigated through focused leasing, operational consistency, and targeted property enhancements that leverage the assets relative vintage advantage versus older local stock.
- Amenity-rich Urban Core location supports renter demand and leasing velocity
- Large renter-occupied housing share indicates deep tenant base for multifamily
- 1981 vintage offers value-add and modernization paths versus older neighborhood stock
- Employer proximity (energy and finance) underpins commute convenience and retention
- Risks: below-median neighborhood occupancy and underperforming safety metrics require disciplined operations