| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 26th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 W Avenue G, Conroe, TX, 77301, US |
| Region / Metro | Conroe |
| Year of Construction | 1984 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
230 W Avenue G, Conroe TX Multifamily Investment
Positioned in an inner-suburban pocket of Conroe with a high share of renter-occupied housing, the neighborhood supports a durable tenant base and steady leasing, according to WDSuites CRE market data.
Located in the Houston-The Woodlands-Sugar Land metro, the neighborhood around 230 W Avenue G rates C+ and sits above the metro median for overall rank (975 of 1,491). Renter concentration is well above national norms, indicating depth in the tenant pool and support for multifamily absorption and retention at the submarket level.
Amenities trend favorable: grocery access ranks in the top quartile among 1,491 metro neighborhoods and cafes are competitive, aligning with national percentiles in the upper range for both categories. Restaurants are also solidly above national midline. These inputs point to day-to-day convenience that helps reduce resident turnover risk.
Neighborhood occupancy is below the national median, but the area maintains a strong renter-occupied share, which supports leasing velocity and renewals. Average school ratings are below national norms, which can modestly narrow family-driven demand; investors may lean on workforce renters and proximity to employment to sustain occupancy.
Within a 3-mile radius, demographics show population growth with a projected increase in households over the next five years, implying a larger tenant base and continued demand for rental units. Contract rents within this 3-mile area have risen historically and are projected to advance further, while rent burdens remain manageable, supporting lease retention and pricing discipline.
Home values in the neighborhood are lower relative to national levels and the value-to-income ratio is low versus peers. That backdrop can introduce some competition from entry-level ownership, but it also indicates that rental options remain accessible, which can stabilize occupancy for well-managed properties.
Safety indicators are comparatively favorable versus national benchmarks, with the neighborhood sitting above the national median for overall safety. Year over year, both property and violent incident rates show notable declines, indicating an improving trend rather than a deterioration.
At the metro level, conditions are competitive among Houston neighborhoods, and the recent downward momentum in offenses supports a stable operating environment for multifamily assets. As always, safety can vary block to block; investors should pair these directional metrics with on-site observations and standard diligence.
- National Oilwell Varco energy equipment (3.8 miles)
- Anadarko Petroleum energy (10.1 miles) HQ
- McKesson Specialty Health healthcare services (10.2 miles)
- Hewlett Packard Enterprise Customer Engagement Center technology/customer operations (23.3 miles)
- FedEx Office Print & Ship Center business services (24.2 miles)
This 37-unit asset in Conroe benefits from a renter-heavy neighborhood that underpins demand, while neighborhood occupancy trends, though below national medians, are offset by depth in the tenant pool and everyday convenience from nearby amenities. According to CRE market data from WDSuite, the areas safety metrics have improved year over year and grocery/cafe access ranks competitively within the metro, supporting resident retention.
Built in 1984, the property is newer than the neighborhoods average vintage and can compete well against older stock, though investors should budget for ongoing modernization of systems and interiors to capture rent premiums. Within a 3-mile radius, population and household growth projections point to a larger renter pool and continued leasing momentum. Relatively accessible ownership costs could create some competition with for-sale housing, but manageable rent-to-income dynamics support retention and pricing resilience for well-operated communities.
- Renter-heavy neighborhood supports depth of demand and leasing stability.
- Amenity access (grocery/cafes/restaurants) competitive in metro, aiding retention.
- 1984 vintage positions the asset ahead of older local stock with value-add upside via modernization.
- 3-mile population and household growth expand the tenant base, supporting occupancy over time.
- Risks: below-median school ratings, accessible ownership options, and sub-median neighborhood occupancy require focused leasing and asset management.