| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 92nd | Best |
| Demographics | 76th | Best |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 529 Village Way Dr, Brookshire, TX, 77423, US |
| Region / Metro | Brookshire |
| Year of Construction | 1991 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
529 Village Way Dr Brookshire Multifamily Investment Snapshot
Neighborhood-level occupancy remains exceptionally tight and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable leasing in a suburban node of the Houston metro.
The property sits in a suburban neighborhood within the Houston-The Woodlands-Sugar Land metro that ranks in the top quartile among 1,491 metro neighborhoods (overall rating: A), per WDSuite. Neighborhood-level occupancy is at the top of the metro distribution, a signal of durable leasing conditions at the sub-neighborhood scale; this is a neighborhood metric, not the property’s own occupancy.
Amenity density is modest locally (limited cafes, parks, and pharmacies), while grocery access is serviceable relative to similar suburban pockets. In practical terms, leasing appeal is more closely tied to access to jobs and value positioning than to immediate walkable retail.
Construction in the surrounding neighborhood skews newer (average vintage 2016 across the neighborhood), while the subject was built in 1991. For investors, that age gap can translate into planned capital expenditures or a value-add program to remain competitive against younger stock, especially around common areas, systems, and in-unit finishes.
Tenure dynamics vary by geography. At the neighborhood level, renter-occupied share is high (ranked near the top of the metro distribution), indicating depth in the tenant base. Within a 3-mile radius, ownership remains more prevalent, but households and families have expanded meaningfully over the last five years and are projected to continue growing by 2028, supporting a larger tenant base and sustained absorption of rental units.
Rents benchmark above national medians for comparable neighborhoods, and the local rent-to-income ratio trends around levels that suggest manageable affordability pressure, which can support retention and lease stability. As always, these metrics reflect neighborhood conditions rather than the property itself and are based on commercial real estate analysis from WDSuite.
Safety indicators compare favorably to national norms overall, with the neighborhood sitting above the national median according to WDSuite’s data. Property-related offenses score in a strong national position (top decile nationally), while violent offense indicators are stronger than most neighborhoods nationwide (roughly top quintile). These are neighborhood-level metrics, not property-specific.
Trend-wise, the most recent one-year change shows an uptick in violent incidents that warrants ongoing monitoring and prudent onsite management. Interpreted holistically, the area reads as comparatively safer on property crime with mixed short-term signals on violent crime; investors should underwrite to current comps and emphasize lighting, access control, and resident engagement.
Proximity to major West Houston employers underpins commuter demand, with a concentration in energy, food distribution, semiconductors, and auto retail that can support leasing and retention at workforce-friendly properties. The employers below reflect the nearest anchors likely to influence renter demand in this area.
- Sysco — food distribution HQ (19.9 miles) — HQ
- Conocophillips — energy (20.0 miles) — HQ
- Texas Instruments — semiconductors (23.0 miles)
- Phillips 66 — energy (23.5 miles) — HQ
- Group 1 Automotive — auto retail (24.4 miles) — HQ
This 92-unit asset with compact average unit sizes is positioned in a neighborhood that ranks in the top quartile within the Houston metro, where neighborhood-level occupancy sits at the peak of the local distribution. Population and household growth within a 3-mile radius have been substantial and are projected to continue, pointing to renter pool expansion and support for occupancy stability. According to CRE market data from WDSuite, neighborhood rents sit above national medians while rent-to-income levels suggest manageable affordability pressure, aiding retention.
Built in 1991, the property is older than the neighborhood’s newer stock, creating a clear value-add or modernization pathway to remain competitive against 2010s-era assets. Investors should balance the strong demand backdrop and employment access with pragmatic allowances for capital planning and the mixed short-term trend in violent crime at the neighborhood level.
- Top-quartile neighborhood within the Houston metro with tight neighborhood-level occupancy supporting leasing stability
- Growing population and households within 3 miles indicate a larger tenant base over the next cycle
- Rents above national medians with manageable rent-to-income dynamics support retention and pricing power
- 1991 vintage offers value-add and CapEx-driven competitiveness versus newer neighborhood stock
- Risks: limited immediate amenity density and a recent uptick in violent crime require conservative operations and underwriting