| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 67th | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 929 Rockmead Dr, Kingwood, TX, 77339, US |
| Region / Metro | Kingwood |
| Year of Construction | 2000 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
929 Rockmead Dr, Kingwood TX Multifamily Investment
Located in an inner-suburban pocket of the Houston metro, the neighborhood shows solid renter demand and steady occupancy, according to WDSuite’s CRE market data—supportive of durable cash flow for a 96-unit asset.
The property sits in a high-performing Kingwood neighborhood rated A+ and ranked 39 among 1,491 Houston-The Woodlands-Sugar Land neighborhoods—competitive among Houston-The Woodlands-Sugar Land neighborhoods for overall livability and renter appeal. Amenity access scores in the top quartile nationally, with groceries, restaurants, parks, and pharmacies all benchmarking well versus U.S. peers, which helps support resident retention and leasing velocity.
Neighborhood occupancy is strong relative to national norms, with WDSuite data indicating stable performance that can underpin income reliability. Median contract rents in the area track near the upper-third of U.S. neighborhoods, suggesting tenants value the local services and commute convenience; lease management should focus on maintaining this positioning while watching affordability signals.
Within a 3-mile radius, population and households have expanded in recent years and are projected to continue growing by 2028, pointing to a larger tenant base and ongoing demand for rental units. Median household incomes are healthy for the area, while rent-to-income metrics indicate manageable affordability pressure—favorable for renewal rates if operators continue to deliver value.
Schools rate around 2.0 out of 5 on average (below the national median), which may temper family-oriented appeal; however, strong access to daily-needs amenities and services can offset some of this in attracting working households. Construction trends skew relatively recent for the metro; with a 2000 vintage, this asset is slightly older than the neighborhood average year (2003), creating potential value-add through selective modernization while remaining competitive against older stock.
Safety indicators for this neighborhood track below national benchmarks, with crime ranked in the less favorable half among 1,491 Houston-The Woodlands-Sugar Land neighborhoods and national percentiles indicating comparatively higher offense rates. Recent year-over-year movements show upticks in both violent and property offenses; investors should incorporate prudent security measures and underwriting cushions while monitoring local trendlines.
As always, crime patterns can vary by block and over time. Evaluating property-level controls (lighting, access management, cameras) and coordinating with local law enforcement can help support resident satisfaction and retention.
Proximity to diversified employers supports a broad renter base and commute convenience, with nearby roles in logistics, energy services, and healthcare services. Notable employers include FedEx Office, Halliburton, Anadarko Petroleum, McKesson Specialty Health, and CenterPoint Energy.
- FedEx Office Print & Ship Center — logistics/services (3.4 miles)
- Halliburton — energy services (10.1 miles) — HQ
- Anadarko Petroleum — energy (14.7 miles) — HQ
- McKesson Specialty Health — healthcare services (14.8 miles)
- Centerpoint Energy — utilities (19.4 miles)
This 96-unit, 2000-vintage property benefits from a neighborhood that ranks among the stronger inner suburbs in the Houston metro, with stable occupancy and amenity depth that supports leasing. Within a 3-mile radius, population and household growth—alongside an expanding middle- to upper-income profile—suggest continued renter pool expansion and support for pricing power, according to CRE market data from WDSuite. The homeownership landscape shows elevated values relative to incomes for the area, which can reinforce multifamily reliance and bolster retention when operators deliver consistent value.
Given its slightly older vintage versus the local average construction year (2003), the asset presents clear value-add and capital planning angles—targeted unit upgrades and system updates can strengthen competitive positioning while preserving operational resilience. Risks to underwrite include below-average safety metrics and softer school ratings; disciplined property management and security investments can help sustain occupancy and tenant satisfaction.
- Stable neighborhood occupancy and top-quartile amenity access support income durability
- 3-mile population and household growth expand the tenant base and leasing depth
- 2000 vintage offers value-add potential via targeted renovations and system upgrades
- Ownership costs in the area sustain renter reliance, aiding retention and pricing power
- Key risks: below-average safety indicators and school ratings warrant conservative underwriting