| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 20th | Poor |
| Amenities | 9th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8137 Rankin Rd, Humble, TX, 77396, US |
| Region / Metro | Humble |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | 2002-10-30 |
| Transaction Price | $1,275,000 |
| Buyer | BRYSON RANKIN LLC |
| Seller | S1P BRYSON LLC |
8137 Rankin Rd Humble Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by nearby employment corridors, according to WDSuite’s CRE market data. For investors, the submarket’s stability favors consistent operations while leaving room for targeted upgrades at a 1980s vintage asset.
The property sits in a suburban pocket of Humble within the Houston metro where neighborhood occupancy is elevated (top quartile nationally), signaling stable rent rolls even as the area skews more owner-occupied. Median contract rents in the immediate neighborhood are mid-market for Houston, which can help sustain renewal rates and pricing discipline relative to older stock, based on WDSuite’s data-driven multifamily property research.
Within a 3-mile radius, the resident base has expanded over the past five years, with household counts rising and average household size trending lower. This combination typically broadens the renter pool and supports occupancy stability as more single and small-household renters enter the market.
Amenity density is limited at the neighborhood level (few cafes, groceries, parks, or pharmacies within close proximity), so residents are likely to rely on regional retail and service nodes along major corridors. For operators, that means on-site functionality—parking, package handling, and unit finishes—can matter more in leasing decisions than hyper-local walkability.
Home values in the neighborhood are modest by national standards, which implies a more accessible ownership landscape compared with high-cost metros. For multifamily owners, this typically means balancing rent positioning and value proposition to compete effectively with entry-level ownership while leveraging strong neighborhood occupancy to support retention.
Safety indicators are mixed when viewed across scales. The neighborhood ranks above the metro median for safety among 1,491 Houston-area neighborhoods, yet it sits below the national median on a percentile basis. For investors, this points to conditions that are competitive locally but not a standout nationally.
Recent trends are directionally constructive: property offenses show a notable year-over-year decline and violent incidents have eased modestly, according to WDSuite. Continued monitoring is prudent, but improving trajectories can support leasing narratives and resident retention when paired with standard property-level safety measures.
Proximity to energy and logistics employers underpins renter demand and commute convenience for workforce tenants. The following nearby employers represent the most relevant drivers of daily traffic and leasing stability in this corridor.
- Halliburton — energy services (5.0 miles) — HQ
- FedEx Office Print & Ship Center — logistics/services (7.4 miles)
- Calpine — power generation (15.3 miles) — HQ
- NRG Energy — power & retail energy (15.5 miles)
- Targa Resources — midstream energy (15.6 miles) — HQ
Built in 1986, the asset is older than the neighborhood’s average vintage, creating a clear value-add path through unit modernization and targeted capital planning. Neighborhood occupancy sits in the top quartile nationally, indicating resilient demand that can support renovations and staggered rent lifts without over-reliance on lease-up. According to WDSuite’s commercial real estate analysis, rent levels are mid-market locally with a rent-to-income profile that suggests manageable affordability pressure—favorable for retention and measured pricing power.
Within a 3-mile radius, populations and household counts have grown, and forecasts point to continued household expansion alongside smaller average household sizes. That typically broadens the tenant base and supports steady absorption for well-managed, workforce-oriented communities. Amenity density is limited nearby, so differentiating via finishes, in-unit features, and operational reliability can be effective, especially given competition from relatively accessible ownership options in this part of the metro.
- High neighborhood occupancy supports stable rent rolls and renewal performance
- 1986 vintage with clear value-add and CapEx repositioning potential
- Expanding 3-mile household base and smaller household sizes broaden the renter pool
- Mid-market rent positioning offers measured pricing power with retention focus
- Risks: limited nearby amenities and competitive entry-level ownership require sharp operations and value proposition