| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 18th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6363 Skyline Dr, Houston, TX, 77057, US |
| Region / Metro | Houston |
| Year of Construction | 1972 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6363 Skyline Dr Houston Multifamily Investment
Neighborhood data points to a deep renter base and steady occupancy, according to WDSuite’s CRE market data, supporting income durability for a 94-unit asset in Houston’s urban core.
This Urban Core location offers daily convenience that supports leasing: grocery and pharmacy access rank among the strongest in the metro (both measured against 1,491 Houston neighborhoods), and amenity density trends in the upper national percentiles rather than the middle. Restaurant options are especially dense, which helps retain residents who value walkable services and short trips for essentials.
Occupancy for the neighborhood is near the national midpoint, while the share of housing units that are renter-occupied is exceptionally high (top tier among 1,491 metro neighborhoods). For investors, that signals a large, durable tenant pool and supports leasing velocity across unit types when competitively priced.
Within a 3-mile radius, population has grown in recent years and households have increased, with forecasts showing further household expansion alongside smaller average household sizes. For multifamily owners, that combination typically broadens the tenant base and can support occupancy stability as more single- and two-person households enter or remain in the renter pool.
Home values locally sit below many national metros, which can create some competition from ownership alternatives; however, a high-cost ownership market is not a prerequisite for strong rental performance when neighborhood renter concentration is already elevated. Rent-to-income ratios in the area indicate some affordability pressure, suggesting investors should manage renewals and concessions carefully to sustain pricing power. The average construction year in the neighborhood is 1979; the subject property was built in 1972, which points to potential value-add and capital planning opportunities to stay competitive versus slightly newer stock.
Safety indicators for the neighborhood trend below national averages, and the area ranks below the metro median when compared with 1,491 Houston neighborhoods. Violent and property offense measures sit in low national percentiles, so investors should underwrite for enhanced security, lighting, and active management to support resident retention.
Trend awareness matters: while conditions can shift over time, current readings suggest a need for prudent operating practices and community engagement. Comparable assets in similar urban submarkets often mitigate risk through access control, partnerships with local patrol resources, and resident communication.
Nearby employment centers include energy and industrial services headquarters and major corporate offices that broaden the commuter tenant base and support retention through short drive times. Employers below are listed by proximity.
- Quanta Services — industrial services (2.2 miles) — HQ
- Apache — energy (2.4 miles) — HQ
- Prudential — financial services (3.2 miles)
- Occidental — energy (3.9 miles)
- Phillips 66 — energy (4.0 miles) — HQ
- Wells Fargo Advisors — financial services (4.2 miles)
- National Oilwell Varco — energy equipment (4.3 miles) — HQ
- National Oilwell Varco Employees CU — financial services (4.3 miles)
- Abm SSC — business services (4.3 miles)
- Group 1 Automotive — automotive retail (4.5 miles) — HQ
6363 Skyline Dr is a 94-unit asset built in 1972, positioned in a renter-heavy Houston neighborhood with strong access to daily amenities. The vintage suggests clear value-add and capital planning angles to sharpen competitiveness versus the area’s slightly newer average stock. According to CRE market data from WDSuite, neighborhood occupancy trends sit around the national midpoint, while renter concentration is among the highest in the metro, supporting depth of demand.
Within a 3-mile radius, recent population growth and a meaningful increase in households point to a larger tenant base, with forecasts indicating continued household expansion and smaller average household sizes — dynamics that often support lease-up and renewal stability. Projections also indicate rising asking rents in the area; paired with targeted renovations, this can create NOI upside, though operators should actively manage affordability pressure and local safety considerations.
- Renter-heavy neighborhood supports a deep tenant pool and leasing velocity
- 1972 vintage offers value-add potential to compete with newer nearby stock
- 3-mile household growth and smaller household sizes support occupancy stability
- Amenity-rich location (groceries, pharmacies, restaurants) aids resident retention
- Risks: below-average safety readings and affordability pressure require proactive operations