| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 42nd | Fair |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8550 Easton Vlg, Houston, TX, 77095, US |
| Region / Metro | Houston |
| Year of Construction | 1995 |
| Units | 86 |
| Transaction Date | 2022-05-13 |
| Transaction Price | $22,308,711 |
| Buyer | SPCP EASTON VILLAGE OWNER LLC |
| Seller | GAIA EASTON VILLAGE LLC |
8550 Easton Vlg, Houston Multifamily Investment
Neighborhood fundamentals point to tight occupancy and a deep renter base, according to WDSuite’s CRE market data. For investors, this suggests durable leasing conditions relative to the Houston metro91s 1,491 neighborhoods.
Located in an Inner Suburb of Houston (Harris County), the area around 8550 Easton Vlg shows leasing strength that is competitive among Houston neighborhoods, with occupancy trends in the top quartile nationally based on CRE market data from WDSuite. The neighborhood91s renter concentration ranks above the metro median (measured against 1,491 metro neighborhoods), indicating a sizeable pool of renter-occupied housing units that can support multifamily demand and help stabilize occupancy.
Livability drivers are mixed but serviceable for workforce-oriented assets. Grocery access indexes in the top quartile nationally, and restaurant density also sits in the top quartile, while cafes, parks, and pharmacies are relatively limited within the neighborhood footprint. For investors, that blend points to everyday convenience for residents, with some amenity gaps that may modestly affect walkable appeal but not necessarily leasing velocity.
Within a 3-mile radius, households have grown modestly in the last five years even as population edged down, implying smaller household sizes and a stable or expanding tenant base. Forward-looking projections indicate population growth and a notable increase in households by 2028, which supports a larger renter pool and can reinforce occupancy stability for well-positioned assets.
Home values in this area sit below many coastal markets, which, along with rent-to-income ratios that track below national averages, can bolster lease retention while still allowing for measured rent setting. The neighborhood91s NOI per unit performance is in the top quartile nationally, a signal that comparable assets here have historically supported healthy operating margins relative to many U.S. neighborhoods (per WDSuite).
Safety indicators for the neighborhood sit around the metro mid-range when compared with Houston91s 1,491 neighborhoods. Nationally, the area is near the middle of the pack, and investors should underwrite to typical inner-suburban operating practices (lighting, access control, and monitoring) rather than assume premium positioning.
Recent trend data is constructive: both property and violent offense estimates declined year over year, placing the pace of improvement above many neighborhoods nationwide. While this trajectory is encouraging, prudent underwriting should account for variability across blocks and maintain standard risk controls.
Proximity to major corporate offices supports a broad employment base and commute convenience, which can aid leasing and retention for workforce and professional tenants. Notable nearby employers include Enterprise Products, Emerson Process Management, CenterPoint Energy, Hewlett Packard Enterprise, and ConocoPhillips.
- Enterprise Products 94 energy infrastructure (4.5 miles)
- Emerson Process Management 94 industrial automation (5.3 miles)
- Centerpoint Energy 94 electric and natural gas utility (6.1 miles)
- Hewlett Packard Enterprise Customer Engagement Center 94 technology services (6.4 miles)
- Conocophillips 94 energy (8.0 miles) 94 HQ
This 86-unit Houston asset benefits from neighborhood fundamentals that support durable occupancy: a high share of renter-occupied housing units at the neighborhood level, strong day-to-day retail access (notably groceries and restaurants), and a 3-mile radius outlook that points to population growth and a substantial increase in households by 2028. According to CRE market data from WDSuite, neighborhood occupancy performance sits in the top quartile nationally, reinforcing the case for steady leasing for well-managed multifamily assets.
Affordability signals are balanced. Local home values and rent-to-income dynamics suggest room for retention-focused pricing while remaining competitive with ownership alternatives. The area91s NOI per unit ranks in the top quartile nationally, indicating that comparable assets have supported healthy operating margins, though amenity gaps (limited parks/cafes) and mid-pack safety positioning warrant standard operational diligence.
- Tight neighborhood occupancy and deep renter base support leasing stability
- Strong everyday convenience: top-quartile access to groceries and restaurants
- 3-mile outlook shows population and household growth by 2028, expanding the renter pool
- Operating performance comps indicate top-quartile NOI per unit nationally
- Risks: limited park/cafe density and mid-range safety call for proven property management practices