| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 43rd | Good |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2760 Montgomery Rd, Huntsville, TX, 77340, US |
| Region / Metro | Huntsville |
| Year of Construction | 2010 |
| Units | 48 |
| Transaction Date | 2010-03-19 |
| Transaction Price | $817,000 |
| Buyer | MONTGOMERY MEADOWS PHASE II LTD |
| Seller | COLLEGE MAIN APARTMENTS LTD |
2760 Montgomery Rd, Huntsville TX Multifamily Investment
2010 construction in a renter-heavy Huntsville neighborhood points to durable tenant demand and competitive positioning, according to WDSuite’s CRE market data. The area’s service amenities and commuting access favor consistent leasing over cycles.
This Inner Suburb neighborhood in Huntsville rates A and ranks 3rd among 24 metro neighborhoods, indicating competitive fundamentals versus the local set. Grocery and daily-needs access are a strength, with grocery store density ranked 1st of 24 and in the 94th percentile nationally, and pharmacies similarly ranked 1st locally (82nd percentile nationally). Restaurant density also ranks 1st of 24 and sits in the upper national tier, supporting livability and day-to-day convenience that can aid leasing and retention.
The area skews heavily renter-occupied, with renter-occupied housing comprising roughly three-quarters of units at the neighborhood level (1st of 24 by renter share; 98th percentile nationally). For investors, this signals a deep tenant base and ongoing multifamily demand. At the same time, the neighborhood’s occupancy trend is mixed, tracking around the metro middle (ranked 15th of 24 over the recent period). Operators should prioritize product differentiation and management to sustain occupancy.
Vintage positioning supports competitiveness: the property’s 2010 construction is newer than the neighborhood’s average 1977 build year (45th national percentile for average vintage). Newer assets typically show better first-impression appeal versus older stock, though investors should still plan for ongoing systems upkeep and potential modernization to meet current renter expectations.
Demographics are aggregated within a 3-mile radius and indicate a large 18–34 segment alongside recent growth in population and households, which expands the renter pool. Household incomes have been rising from a low base, and median contract rents have advanced over the last five years. Together, these trends point to steady renter demand, while the neighborhood’s value-to-income ratio (81st percentile nationally) suggests a high-cost ownership landscape relative to local incomes — conditions that can reinforce reliance on rental housing.
Affordability management remains a watch item: the neighborhood rent-to-income ratio is elevated (ranked 12th of 24; low national percentile), which can create lease renewal sensitivity. Still, strong amenities and a large renter base provide a foundation for occupancy stability when paired with prudent pricing and targeted upgrades, based on commercial real estate analysis from WDSuite.
Neighborhood safety metrics are mixed relative to peers. Overall crime ranks near the metro middle (12th of 24 neighborhoods), with property and violent offense rates landing around the lower national mid-range. Importantly, both categories show year-over-year improvement, with notable declines placing the area above average for recent safety momentum compared with neighborhoods nationwide.
In practical terms, investors can frame the submarket as comparable to many Huntsville areas today, with recent trends moving in a favorable direction. Positioning strategies that emphasize lighting, access control, and resident engagement can align with these improving indicators without overpromising block-level outcomes.
Regional employment anchors within commuting range include energy and healthcare services. These employers support renter demand through stable white-collar and operations roles accessible from Huntsville.
- National Oilwell Varco — energy equipment & services (24.9 miles)
- Anadarko Petroleum — energy exploration & production (37.6 miles) — HQ
- McKesson Specialty Health — healthcare services (37.7 miles)
This 48-unit asset, built in 2010, is positioned newer than much of the surrounding stock, offering competitive appeal versus older properties while requiring typical mid-life capital planning. The neighborhood combines top-tier daily amenities with a deep renter base — renter-occupied housing is among the highest shares locally — supporting a broad tenant pool. According to CRE market data from WDSuite, occupancy has trended around the metro middle, so execution and targeted upgrades will be important to sustain performance.
Within a 3-mile radius, population and household growth expand the renter pool, and rising incomes from a low base provide room for measured rent progression. At the same time, elevated rent-to-income ratios signal affordability pressure, suggesting a focus on value-oriented renovations and disciplined lease management. The ownership market’s higher value-to-income readings point to sustained renter reliance, which can underpin demand through cycles.
- Newer 2010 vintage enhances competitive positioning versus older neighborhood stock.
- Deep renter base and strong daily-needs amenities support tenant demand and retention.
- 3-mile growth in population and households expands the renter pool and supports occupancy stability.
- Risk: elevated rent-to-income ratios require careful pricing, value-focused upgrades, and active renewal management.
- Execution focus: with occupancy around the metro middle, asset management and product differentiation are key.