| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 65th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2200 Lake Village Dr, Kingwood, TX, 77339, US |
| Region / Metro | Kingwood |
| Year of Construction | 1973 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2200 Lake Village Dr Kingwood Multifamily Investment
According to WDSuite’s CRE market data, neighborhood occupancy has held in the low-90s, suggesting steady renter demand and manageable lease-up risk for well-positioned units. The submarket’s higher household incomes support rent levels while still leaving room for operational improvements.
Kingwood’s suburban setting offers a balance of neighborhood amenities and access to Houston employment nodes. The area ranks in the top quartile among 1,491 metro neighborhoods for overall neighborhood quality, with amenity access competitive locally and roughly mid-pack nationally, supporting day-to-day livability and leasing appeal.
Schools trend slightly above national norms (national percentile low-60s), while parks and pharmacies also rate above average nationally, adding to family-oriented appeal. Cafés are sparse by national comparison, but restaurant density is in line with many Houston suburbs. These dynamics point to stable suburban demand rather than destination retail traffic.
Construction in the surrounding neighborhood averages around 1980, and this property’s 1973 vintage is modestly older. For investors, that typically implies planned capital expenditures and potential value-add through interior modernization and systems upgrades, positioning the asset to compete effectively against nearby 1980s product.
Within a 3-mile radius, households and families have expanded over the past five years with projections for continued growth, indicating a larger tenant base ahead. Renter-occupied units account for roughly four in ten housing units locally, signaling a meaningful renter pool and supporting occupancy stability. Median home values in the neighborhood sit above national averages, which tends to sustain demand for rental housing; a rent-to-income ratio near the low teens suggests manageable affordability pressure and supports retention.
Relative to the Houston-The Woodlands-Sugar Land metro, the neighborhood’s crime rank is lower (1,107 out of 1,491), indicating higher reported crime levels than many peer neighborhoods. Nationally, safety indicators sit in lower percentiles, meaning the area reports more crime than most neighborhoods across the country.
Recent year-over-year data show increases in both violent and property offenses. Investors often address this through enhanced lighting, access control, and partnership with local public safety resources. Framing risk in this way provides context without relying on block-level claims, and aligns expectations for operating protocols and resident communications.
Proximity to major employers underpins renter demand, with a mix of energy and healthcare corporate offices within commuting range. The list below highlights nearby organizations that anchor employment and support leasing stability.
- FedEx Office Print & Ship Center — corporate services (2.2 miles)
- Halliburton — energy services (10.2 miles) — HQ
- Anadarko Petroleum — energy (16.2 miles) — HQ
- McKesson Specialty Health — healthcare services (16.2 miles)
- Centerpoint Energy — utilities (20.2 miles)
This 44-unit, 1973-vintage property sits in a suburban Kingwood neighborhood that performs above the metro median on overall quality and offers steady renter demand. Neighborhood occupancy in the low-90s and a meaningful share of renter-occupied housing within a 3-mile radius support lease-up and retention, while elevated local home values reinforce reliance on multifamily rentals. Based on CRE market data from WDSuite, rent levels are supported by higher household incomes, suggesting room to capture operational upside with disciplined expense control.
The 1973 vintage is slightly older than the neighborhood’s average housing stock, creating a clear value-add path through interior updates and targeted systems improvements. Growing households in the 3-mile area, alongside proximity to large employment centers, point to a durable tenant base, though operators should plan for security measures and community engagement to address local safety trends.
- Occupancy stability near the low-90s at the neighborhood level supports consistent cash flow.
- Household growth within 3 miles and a sizable renter-occupied base expand the tenant pool.
- Elevated local home values reinforce demand for rental housing and support pricing power.
- 1973 vintage provides value-add potential through renovations and systems upgrades.
- Risks: below-average safety metrics locally and capex needs for older construction require proactive management.