Market Update: The Kippford at Kemah Crossing (Q3 2026)

The Kippford continues to rent above its League City/Dickinson submarket for every unit type. Average in-place rents are $1,548 for one-bedrooms 1, $2,020 for two-bedrooms 2 and $2,712 for three-bedrooms 3. The submarket averages are $1,362, $1,628 and $2,041 4. That puts the property ahead by about 14%, 24% and 33% 5, and the gap widens with unit size. Units lease faster than the submarket despite the higher rents. Units that signed leases in the last 30 days were on the market for a median of 35 days 6, against 52 days for the submarket 7. Retention over the trailing 12 months was 77.8% 8, compared with 69.9% for the submarket 9, a lead of about 8 points 5. The resident base supports these rents. Median household income is $102,012 10, up 10.8% over 12 months 11, which ranks in the 82nd percentile of the Houston metro 12. Rent takes about 20.0% of income 13, well below the 30% cost-burden threshold, which leaves room for future rent increases.

Before you send this, a few things to know:

• The income figures rest on a thin sample. The household data is rated "MARGINAL," covering 90 households, about 18% of units 14. The 10.8% income growth ranks in the 97th percentile of the metro 15, and an outlier that strong from a sample this small could revise down in the next data refresh. You may want to soften "up 10.8%" to "up sharply."

• The days-on-market figure covers only 9 leases signed in the last 30 days 16.

• The paragraph leaves out some softer numbers that investors may raise:

  • Occupancy is 94.4%, down from 99.2% a year ago 17.
  • 49 units are currently unleased 18.
  • The median asking rent is down 8.2% over 12 months 19.

  Consider adding a sentence on these if the update is meant to be fully candid.

• Data dates: rent and leasing figures are as of September 26, 2026 20; income figures are as of August 15, 2026 21.