| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 67th | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2755 Chestnut Ridge Dr, Kingwood, TX, 77339, US |
| Region / Metro | Kingwood |
| Year of Construction | 2007 |
| Units | 119 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2755 Chestnut Ridge Dr, Kingwood TX Multifamily Investment
Neighboring submarket metrics point to steady renter demand and high occupancy at the neighborhood level, according to WDSuite’s CRE market data. The area’s renter concentration and amenity access support durable leasing fundamentals for a 2007-vintage, 119-unit asset.
Kingwood’s neighborhood scores are competitive among Houston-The Woodlands-Sugar Land neighborhoods, with strong amenity depth and an A+ neighborhood rating. Nationally, the area sits in the top quartile for restaurants, groceries, parks, and pharmacies per square mile, supporting daily-life convenience that helps underpin renter retention and leasing velocity.
The neighborhood’s renter-occupied share is elevated relative to the metro, indicating a deep tenant pool and stable multifamily demand. Neighborhood occupancy is strong as well, providing investors with a favorable backdrop for maintaining leased-up operations and managing renewal risk. Median contract rents in the neighborhood are positioned alongside above-median household incomes, helping keep rent-to-income levels manageable and supporting ongoing collections and retention.
Within a 3-mile radius, demographics show a larger tenant base forming: population and households have expanded in recent years, with households projected to continue increasing through 2028. This growth, paired with a modest average household size, suggests ongoing renter pool expansion that can support occupancy stability and measured rent growth. These trends are based on commercial real estate analysis from WDSuite.
The neighborhood’s housing stock skews relatively modern by regional standards, and this property’s 2007 construction is newer than the local average (2003). That positioning can enhance competitive standing versus older assets while still warranting selective capital planning for aging systems and targeted value-add finishes to meet current renter expectations. Local public school ratings trend below national averages; investors may prioritize amenity, service, and unit-finish strategies that resonate with the area’s adult renter mix.
Safety indicators for the neighborhood trail national averages, with crime levels below the metro median among 1,491 Houston-area neighborhoods. Recent year-over-year estimates indicate increases in both violent and property offenses, so underwriting should incorporate prudent security, lighting, and operating protocols while monitoring trend direction.
For investors, the key consideration is comparative and trend-based: while the area supports multifamily demand, risk management and resident-experience initiatives can help mitigate volatility and support retention.
Proximity to a diversified set of corporate offices supports a broad commuter tenant base and helps drive weekday demand and retention for workforce and professional renters. Notable nearby employers include printing/logistics services, energy headquarters, healthcare administration, and a regulated utility.
- FedEx Office Print & Ship Center — printing & shipping services (3.4 miles)
- Halliburton — oilfield services (10.0 miles) — HQ
- Anadarko Petroleum — energy exploration & production (14.8 miles) — HQ
- McKesson Specialty Health — healthcare services (14.9 miles)
- CenterPoint Energy — electric & gas utility (19.4 miles)
This 2007-vintage, 119-unit property is positioned in a Houston suburban neighborhood with strong amenity access, elevated renter concentration, and solid occupancy at the neighborhood level. Home values in the area are comparatively high for the region while rent-to-income levels remain manageable, reinforcing reliance on multifamily housing and supporting lease retention. According to CRE market data from WDSuite, the neighborhood ranks competitively within the metro and sits in the top quartile nationally on several amenity measures, helping sustain demand.
Within a 3-mile radius, ongoing population and household growth—paired with a modest average household size—points to renter pool expansion that can support occupancy stability. The 2007 construction offers relative competitiveness versus older stock, with scope for targeted value-add and system updates to meet current renter expectations. Investors should underwrite for local public school variability and incorporate prudent safety and operating practices given recent crime trends.
- Elevated neighborhood renter concentration and solid occupancy support stable leasing
- Top-quartile amenity access nationally aids retention and pricing power
- 2007 vintage offers competitive positioning with targeted value-add potential
- Monitor safety trends and local school ratings as underwriting risks