| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 16th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 S 1st St, Conroe, TX, 77301, US |
| Region / Metro | Conroe |
| Year of Construction | 1982 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 S 1st St Conroe Multifamily Investment
Neighborhood occupancy trends sit above the metro median, supporting lease-up durability and steady renter demand, according to WDSuite’s CRE market data.
Positioned in Conroe within the Houston-The Woodlands-Sugar Land metro, the neighborhood carries a C- rating and shows above metro median occupancy levels. Median contract rents track around the national midpoint, indicating practical pricing that can aid lease retention, while the rent-to-income profile suggests manageable tenant affordability — supportive of sustained collections and lower turnover.
Amenity access is mixed: parks are a clear strength (top quartile nationally), and grocery access is competitive versus U.S. neighborhoods, but the immediate area offers limited cafes, restaurants, and pharmacies. For investors, that combination points to everyday convenience for residents with fewer discretionary retail options in the immediate blocks — a dynamic that typically does not impede workforce housing demand.
Tenure patterns indicate depth on the rental side: the share of renter-occupied housing units sits above the metro median and ranks in a high national percentile, signaling a sizable tenant base and stable multifamily demand in this part of Conroe. Against Houston metro peers, that renter concentration can help support consistent leasing and renewal activity.
Demographic statistics aggregated within a 3-mile radius show recent population and household expansion, with WDSuite data indicating continued growth through 2028. Expected gains in households point to a larger renter pool over the medium term, which should support occupancy stability and absorption for well-managed properties.
Home values in the neighborhood are lower than many areas nationally, which can introduce some competition from ownership alternatives. For multifamily owners, this typically underscores the importance of product differentiation and resident experience to preserve pricing power, particularly as new households form nearby.
Safety indicators for the neighborhood trail both metro and national benchmarks. Within the Houston metro (1,491 neighborhoods), the area sits well below the median on crime-related rankings, and national comparisons place it in a lower percentile for safety. Investors should incorporate this into underwriting via prudent security measures, tenant screening, and insurance assumptions, and monitor trend direction as part of ongoing asset management.
- National Oilwell Varco — energy equipment (3.98 miles)
- Anadarko Petroleum — energy (9.68 miles) — HQ
- McKesson Specialty Health — healthcare services (9.86 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology services (23.04 miles)
- Centerpoint Energy — utilities (25.08 miles)
The local employment base blends energy and healthcare services, providing commute-friendly jobs that can support renter demand and retention for workforce-oriented apartments. Notable nearby employers include National Oilwell Varco, Anadarko Petroleum, McKesson Specialty Health, Hewlett Packard Enterprise, and CenterPoint Energy.
This 48-unit multifamily property in Conroe benefits from neighborhood occupancy above the metro median and rents near national norms, supporting day-one leasing stability with room for operational optimization. According to CRE market data from WDSuite, renter concentration is comparatively high for the metro, pointing to a durable tenant base as the 3-mile trade area continues to add households.
Demand fundamentals are reinforced by a broad employment mix spanning energy, healthcare, and technology within a commutable radius. Lower local home values may temper rent growth outperformance versus high-cost submarkets, but they also sustain steady renter reliance on multifamily housing; thoughtful upgrades and service standards can help maintain pricing power. Key risks include below-average safety metrics and limited immediate retail variety, which call for calibrated expense planning and asset positioning.
- Above-metro occupancy and rents near national norms support stable leasing
- High renter-occupied share signals depth of tenant demand
- 3-mile area shows continued household growth, expanding the renter pool
- Diverse nearby employers underpin retention for workforce housing
- Risks: below-average safety and modest immediate retail; plan for security and tailored amenities