| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 32nd | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19920 Foxwood Forest Blvd, Humble, TX, 77338, US |
| Region / Metro | Humble |
| Year of Construction | 1983 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19920 Foxwood Forest Blvd Humble Multifamily Investment
Stabilized renter demand and mid-market rents in an inner-suburban pocket of Humble support predictable performance, according to WDSuite’s CRE market data. Neighborhood occupancy trends are steady, suggesting resilient leasing even as new supply cycles across the Houston metro.
This Inner Suburb neighborhood in the Houston-The Woodlands-Sugar Land metro posts neighborhood occupancy near the mid-to-upper range and a high renter concentration. With 58.9% of housing units renter-occupied, the tenant base is deep enough to support leasing velocity and renewal potential, while the neighborhood occupancy rate of 94.5% signals generally steady absorption, based on CRE market data from WDSuite.
Amenities skew toward food-and-beverage convenience: the area ranks competitive among Houston neighborhoods for restaurants and is top quartile nationally for café density. By contrast, grocery, park, and pharmacy counts are thin within the immediate neighborhood footprint, so residents typically draw on nearby commercial corridors for daily needs. For investors, this mix supports day-to-day livability for renters while leaving room for future retail infill to enhance stickiness.
Home values sit below national midpoints, which can introduce some competition from ownership options; however, rent levels track mid-market and the local rent-to-income ratio trends below the national midpoint, helping manage affordability pressure and supporting retention. Median household incomes in neighborhood data also sit above national midpoints, reinforcing capacity to sustain market-rate multifamily rents without overextending residents.
Within a 3-mile radius, demographics point to a growing renter pool: population and households expanded over the last five years, with additional population and household gains projected, which implies a larger tenant base and supports occupancy stability. The forecast also shows a modest reduction in average household size, a trend that typically benefits multifamily demand as more households seek rental options.
Vintage matters: the property was built in 1983, older than the neighborhood’s average construction year. That positioning can create value-add potential through targeted renovations and systems modernization, while still competing on price against newer stock.
Safety indicators trend favorably in recent data. Estimated violent and property offense rates both declined year over year, and the neighborhood sits in the top quartile nationally on safety measures, according to WDSuite. While conditions can vary block to block, the directional trend and comparative standing support renter retention and marketing.
The employment base blends energy, logistics, and healthcare-related offices within commuting distance, which supports workforce housing demand and day-to-day leasing stability. Employers highlighted below reflect the nearest concentrations likely to influence renter appeal.
- Halliburton — energy services (5.2 miles) — HQ
- FedEx Office Print & Ship Center — logistics/services (8.4 miles)
- McKesson Specialty Health — healthcare services (13.2 miles)
- Anadarko Petroleum — energy (13.3 miles) — HQ
- Centerpoint Energy — utilities (14.1 miles)
This 92-unit, 1983-vintage asset in Humble aligns with renter-driven fundamentals: neighborhood occupancy sits in a healthy range, renter-occupied housing share is elevated, and mid-market rents with a below-midpoint rent-to-income profile support renewal probability. According to CRE market data from WDSuite, café and restaurant density outperforms while essential retail is thinner nearby, which renters typically offset with short drives to adjacent corridors.
Within a 3-mile radius, recent and projected growth in population and households indicates a larger tenant base ahead, which can sustain leasing and stabilize cash flows. The older vintage creates clear value-add pathways through interior upgrades and selective building system improvements to bolster competitive positioning versus newer suburban product.
- Elevated renter concentration and steady neighborhood occupancy support leasing stability
- Mid-market rents with manageable rent-to-income metrics aid retention
- 3-mile population and household growth expand the tenant base over the next five years
- 1983 vintage offers value-add potential through unit renovations and systems upgrades
- Risks: older systems may require capex; limited immediate essential retail; employment base has energy exposure