| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 44th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 Willowbend St, Conroe, TX, 77301, US |
| Region / Metro | Conroe |
| Year of Construction | 1981 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1910 Willowbend St, Conroe multifamily investment
Inner-suburb location with steady renter demand and mid-range occupancy, according to WDSuite’s CRE market data, positions this asset for durable cash flow with disciplined operations.
Located in Conroe’s inner-suburb fabric, the neighborhood rates A- and ranks 387 among 1,491 Houston-The Woodlands-Sugar Land neighborhoods, signaling competitive fundamentals within the metro. Amenity access is a clear strength: grocery, pharmacy, restaurants, and cafés cluster nearby at densities that compare favorably to national norms, supporting day-to-day convenience that helps leasing and retention.
Neighborhood occupancy trends sit around the metro middle, while the share of renter-occupied housing is elevated relative to many peers, indicating depth in the tenant base and ongoing multifamily demand. Within a 3-mile radius, population and household growth are expanding the renter pool, with forecasts pointing to more households and smaller average household sizes—factors that typically support absorption and occupancy stability.
Home values in the surrounding neighborhood are lower than many U.S. areas, and median contract rents are still accessible by regional standards. For investors, that mix can sustain demand but may limit near-term pricing power versus ownership alternatives; lease management and amenity-driven differentiation become important in this context. Rent-to-income levels suggest manageable affordability pressure, supporting retention with thoughtful renewal strategies.
One constraint is limited park acreage cited for the neighborhood. While daily retail and service access is strong, the relative scarcity of formal green space is a consideration for resident experience and positioning; on-site amenities and connectivity to nearby recreational options can mitigate this.
Safety indicators show mixed but improving signals. The neighborhood’s composite safety positioning is around the national mid-range, while recent trends point to notable year-over-year declines in both violent and property offense estimates, indicating momentum in the right direction. Within the Houston-The Woodlands-Sugar Land metro, conditions are not top-tier but are improving, which investors often weigh alongside occupancy and demand drivers.
As always, property-level operations, lighting, access controls, and community engagement can influence outcomes beyond neighborhood baselines. Underwriting should consider both recent improvement trends and the broader metro context rather than relying on a single metric.
Proximity to established energy and healthcare employers underpins workforce demand and commute convenience for renters, including National Oilwell Varco, Anadarko Petroleum, McKesson Specialty Health, Hewlett Packard Enterprise’s Customer Engagement Center, and CenterPoint Energy.
- National Oilwell Varco — energy equipment (3.1 miles)
- Anadarko Petroleum — energy (11.8 miles) — HQ
- McKesson Specialty Health — healthcare services (11.9 miles)
- Hewlett Packard Enterprise Customer Engagement Center — technology services (24.6 miles)
- Centerpoint Energy — utilities (26.9 miles)
This 30-unit multifamily asset benefits from a renter-driven location where amenity density is a strength and neighborhood occupancy runs mid-pack for the metro. Elevated renter concentration at both the neighborhood level and within a 3-mile radius indicates a larger tenant base and supports leasing durability. Population and household growth projections in the 3-mile trade area point to continued renter pool expansion, a constructive backdrop for sustaining occupancy and measured rent gains.
Home values in the area are relatively accessible, which can temper pricing power against ownership options, but rent-to-income levels suggest manageable affordability pressure that can aid retention. Based on CRE market data from WDSuite, rising local rent benchmarks and improving safety trends complement strong everyday amenities, making thoughtful renovations and asset management the key levers for outperformance versus older nearby stock.
- Renter-heavy trade area supports demand depth and leasing stability.
- Strong grocery, pharmacy, and dining access enhances livability and retention.
- 3-mile growth outlook expands the renter pool, aiding occupancy resilience.
- Directionally improving safety trends and rising rent benchmarks per WDSuite data.
- Risks: mid-range neighborhood occupancy, limited parks, and potential competition from ownership options.