Real Estate Investing in Houston, Texas (77006)
Should you buy in 77006 (Houston, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.0 — hard to cash-flow at these prices.
What’s happening in Houston, TX (77006)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77006 Houston
ZIP 77006 in Houston, TX carries a durable set of headwinds. Home values near $567K and rents of $1,686/mo sit inside a market where underwriting has to be tight.
Rent of $1,686/mo on a $567K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 77006 sits below the stated 0.0% once reality is priced in.
In the broader TX picture, 77006 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From an investor standpoint, 23,927 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 77006 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77006
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $205,484 | $1,980 | 6.9% | +2.0% | $205,484 |
| 2BR | $401,559 | $2,360 | 4.2% | +1.7% | $200,779 |
| 3BR | $630,186 | $3,170 | 3.6% | +2.3% | $210,062 |
| 4BR | $1,005,663 | $3,960 | 2.8% | +2.8% | $251,416 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77006 Compare?
| Metric | 77006 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $566,685 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 2.3% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,686 | $1,549 | N/A | - |
| Cap Rate | 2.3% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77006 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77006 (Houston, TX)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Harris County
Manage rentals here? List your business →SBB Community Management provides Texas HOA management services, including financial management, property maintenance, and technology solutions, serving Dallas, Fort Worth, and Houston since 1974. summary from their website
KPM Property Management offers end-to-end solutions including pre-acquisition due diligence, on-site property management, and development of townhomes in the Houston area. summary from their website
SBB Community Management provides Texas HOA management services for homeowners associations, condominium associations, and master-planned communities across Dallas, Fort Worth, and Houston. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $566,685 |
| Monthly Rent | $1,686 |
| Price-to-Rent | 28.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +1.8% ▲ |
🏠 Rent Trends
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 77006
Population: 23,927
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 77006
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BLACKSHEAR EL
GREGORY-LINCOLN ED CTR
LOCKHART EL
YATES H S
BAYLOR COLLEGE OF MEDICINE ACADEMY AT RYAN
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 17,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Houston, TX?
Our data puts Houston, TX at 3.0/5 for investability. Home prices of $567K and rents around $1,686/mo create a solid backdrop for investor activity.
What monthly rent should investors expect in Houston, TX?
Expect rents around $1,686/mo per month in Houston, TX. With home values at $567K, the yield math works out to reasonable levels for rental investors.
Should investors worry about vacancy in Houston, TX?
Expect elevated vacancy in Houston, TX. Rents at $1,686/mo are absorbed by the tenant base without meaningful lag.
Is Houston, TX good for house hacking?
House hacking in Houston, TX is reasonable to execute. Prices around $567K and rents of $1,686/mo solid owner-occupant economics.
What is the median home value in Houston, TX?
The median home value in Houston, TX is roughly $567K. That puts it reasonable relative to the TX statewide average.
See what 77006 really looks like for investors
You're reading the free snapshot. Unlock appreciation trends, cap rates, vacancy signals, Section 8 data, and full demographics for 77006.
AI Market Advisor
Ask questions about investing in 77006 (Houston)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 77006 (Houston, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.