| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 59th | Good |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5360 E 5th St, Katy, TX, 77493, US |
| Region / Metro | Katy |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5360 E 5th St, Katy TX Multifamily Investment
Neighborhood occupancy sits around the national median with steady renter demand supported by family-oriented amenities and schools, according to CRE market data from WDSuite. For investors, this points to durable leasing fundamentals with room to optimize operations rather than chase aggressive lease-up.
This suburban Katy location offers day-to-day convenience with a balanced amenity mix and strong school options at the neighborhood level. Restaurants and groceries are concentrated above national norms (both around the 80th percentile), while cafes and childcare access rank in the top quartile among 1,491 Houston metro neighborhoods. Average school ratings are in the upper tier nationally (about the 84th percentile), which can support family-driven renter demand and longer tenures.
Neighborhood occupancy is roughly mid-pack nationally (around the 52nd percentile), indicating generally stable leasing conditions rather than tight scarcity. Median rents at the neighborhood level have risen over the last five years, and a rent-to-income ratio near 0.18 suggests manageable affordability pressure for many households—favorable for retention and measured rent growth. Note these metrics describe the neighborhood, not this specific property.
Within a 3-mile radius, demographics point to a larger tenant base over time: population expanded in recent years and is projected to continue growing, with households expected to increase meaningfully alongside a rising renter share. This combination typically supports occupancy stability and absorption of renovated units. At the same time, limited park access in the immediate neighborhood underscores the importance of on-site amenities for resident satisfaction.
The average neighborhood construction year is late-1970s. With a 1977 vintage, this asset is slightly older than nearby stock, creating a straightforward value-add and capital planning opportunity to modernize interiors, address aging systems, and enhance curb appeal to compete effectively against 1980s and newer properties.
Safety trends are mixed when viewed against national and metro benchmarks. Nationally, the neighborhood sits below average on safety percentiles, indicating room for improvement relative to many U.S. neighborhoods. Within the Houston metro, it performs above the metro median among 1,491 neighborhoods, suggesting comparatively better positioning locally than national readings imply.
Recent momentum is constructive: estimated property offense rates declined year over year, an improvement validated by WDSuite’s CRE market data. Investors should still underwrite prudent security measures (lighting, access control, and resident engagement) while recognizing that the local trend line has been moving in a favorable direction.
Proximity to major corporate employers on Houston’s west side supports a broad commuter renter base and can aid leasing stability. The nearby roster includes energy, food distribution, and auto retail headquarters as well as industrial technology offices.
- Conocophillips — energy HQ (11.9 miles) — HQ
- Sysco — food distribution HQ (11.9 miles) — HQ
- Phillips 66 — energy HQ (15.6 miles) — HQ
- Group 1 Automotive — auto retail HQ (16.3 miles) — HQ
- Emerson Process Management — industrial technology offices (16.8 miles)
5360 E 5th St offers a 48-unit footprint in a suburban Katy neighborhood with mid-range occupancy and above-average family amenities, setting the stage for steady operations. The 1977 vintage suggests clear value-add potential through systems upgrades and interior refreshes to improve competitive positioning against later-vintage assets. Neighborhood rent levels and a moderate rent-to-income profile support retention, while strong school ratings can bolster demand for larger floor plans. According to commercial real estate analysis from WDSuite, the broader 3-mile area shows population and household expansion alongside a rising renter share, reinforcing the depth of the tenant base over the medium term.
Key considerations include limited park access at the neighborhood level and nationally below-average safety percentiles, which call for targeted on-site amenity and security strategies. Even so, recent improvements in property offense trends, employer access on the west Houston corridor, and demographic tailwinds in the 3-mile radius point to durable leasing with upside from thoughtful capital deployment.
- Vintage 1977 creates value-add potential via modernization and operational upgrades.
- Neighborhood occupancy around national median supports stable baseline cash flow.
- Strong schools and family amenities support renter demand and retention.
- 3-mile population and household growth expand the tenant base and support absorption.
- Risks: limited park access and below-average national safety percentiles; underwrite appropriate amenity and security investments.