| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6110 Fairdale Ln Houston Multifamily Investment
Renter demand is supported by dense amenities and a high renter-occupied housing share in the surrounding neighborhood, according to WDSuite’s CRE market data. Neighborhood occupancy and income-to-rent dynamics merit active management, but location fundamentals provide a broad tenant base.
This Urban Core location offers daily convenience that helps leasing and retention. The neighborhood ranks competitively among Houston-The Woodlands-Sugar Land neighborhoods for food and services access, including cafes (ranked 2nd of 1,491), restaurants (9th of 1,491), groceries (9th of 1,491), and pharmacies (16th of 1,491). Nationally, these amenity densities sit in very high percentiles, underscoring walkable lifestyle appeal that supports renter demand. All neighborhood metrics refer to the surrounding area, not the property.
The area shows a very high share of renter-occupied housing units (approximately four out of five), placing it in the top tier locally and at the 99th percentile nationally. For investors, that depth of renter households signals a broad tenant pool and generally steady demand for multifamily. Neighborhood occupancy runs below national medians, so maintaining leasing velocity and renewals remains an operational focus rather than a structural demand gap.
Ownership costs in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), which typically sustains reliance on rental housing and can support pricing power when managed against rent-to-income pressures. Median contract rents in the neighborhood sit above many U.S. areas but below the highest-cost markets, balancing demand depth with the need for disciplined lease management.
Property vintage is 1981, newer than the neighborhood’s average construction year of 1969. That relative youth can be competitive versus older stock, while still calling for targeted modernization of systems and common areas to meet current renter preferences and support rent growth.
Within a 3-mile radius, WDSuite data indicates population and household growth with a meaningful expansion in households projected over the next five years. A growing household base and a high renter share point to a larger tenant pool, which can support occupancy stability and absorption for a 100-unit asset like this.
Safety conditions should be evaluated carefully. The neighborhood ranks 1,172 out of 1,491 Houston-The Woodlands-Sugar Land neighborhoods on crime, indicating weaker safety performance than the metro median. Nationally, safety percentiles for both property and violent offenses are low, so investors should underwrite enhanced on-site security measures, lighting, and partnership with local patrols, and monitor trend direction using WDSuite’s CRE market data.
From an investment perspective, proactive property management and resident engagement programs can mitigate risk and support retention. Comparable Urban Core assets often balance location advantages with operational security strategies; budgeting for these measures is prudent in underwriting.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including Quanta Services, Apache, Prudential, Occidental, and Wells Fargo Advisors.
- Quanta Services — energy infrastructure (1.6 miles) — HQ
- Apache — energy (1.7 miles) — HQ
- Prudential — financial services (2.5 miles)
- Occidental — energy (3.4 miles)
- Wells Fargo Advisors — financial services (4.1 miles)
6110 Fairdale Ln benefits from a high-density, amenity-rich Urban Core setting and a very large renter-occupied housing base in the surrounding neighborhood, supporting a deep tenant pool and leasing velocity. According to CRE market data from WDSuite, neighborhood amenity access sits in top percentiles nationally, while the share of renter-occupied units is among the highest in the metro—favorable for occupancy durability when paired with focused leasing and renewals.
The 1981 vintage is newer than the neighborhood average, creating relative competitiveness versus older stock, with scope for targeted value-add and systems modernization. Elevated ownership costs in the area reinforce sustained renter demand, though lower neighborhood occupancy and affordability pressures (rent-to-income) suggest disciplined revenue management and resident retention programs are key to achieving stabilized performance.
- Amenity-rich Urban Core location supports demand and retention.
- Very high neighborhood renter concentration enlarges the tenant base.
- 1981 vintage offers value-add and modernization potential versus older stock.
- Elevated ownership costs sustain multifamily reliance and pricing power.
- Risks: below-median neighborhood safety and occupancy require proactive security and disciplined lease management.