Real Estate Investing in Houston, Texas (77007)
Should you buy in 77007 (Houston, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
- 1-year downturn: Values declined 3.9% in the last year.
What’s happening in Houston, TX (77007)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77007 Houston
Not every below-median market is a bargain. Houston's 77007 ZIP shows signals that favor experienced operators who can absorb the risk $505K pricing implies.
The investment case in 77007 is robust only for operators who understand what they are buying. A $505K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 77007's metrics run below Harris County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 77007 includes headwinds that any investor should price in. Income distribution skews lower than Houston averages, and tenant stability requires active management.
Strategy in 77007 is an operator game, not a passive one. From a cash-flow lens, entry prices of $505K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77007
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $280,689 | $1,980 | 5.1% | +1.9% | $280,689 |
| 2BR | $392,688 | $2,360 | 4.3% | +3.0% | $196,344 |
| 3BR | $511,609 | $3,170 | 4.5% | +2.7% | $170,536 |
| 4BR | $920,102 | $3,960 | 3.1% | +3.4% | $230,026 |
| 5BR | $1,571,118 | — | — | +5.3% | $314,224 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77007 Compare?
| Metric | 77007 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $505,366 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 1.9% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,879 | $1,549 | N/A | - |
| Cap Rate | 2.9% | 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 77007 (Houston, TX). Anonymous, moderated, never written by AI.
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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 | $505,366 |
| Monthly Rent | $1,879 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +1.0% ▲ |
🏠 Rent Trends
| 1-Year | -5.0% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +1.8% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.9%). 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 77007
Population: 45,337
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 77007
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GREGORY-LINCOLN ED CTR
LOOSCAN EL
JEFFERSON EL
LOVE EL
MARSHALL MIDDLE
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 16,904 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is tenant demand in Houston, TX?
Expect a solid tenant pool in Houston, TX. The rental market absorbs $1,879/mo rents without meaningful friction.
What kind of market is Houston, TX for investors?
Houston, TX scores 2.0/5 for investability. Home values sit at $505K and rents near $1,879/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Houston, TX good for landlords?
Houston, TX operates under TX law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How strong are rents in Houston, TX?
Expect rents around $1,879/mo per month in Houston, TX. With home values at $505K, the yield math works out to reasonable levels for rental investors.
What are home prices like in Houston, TX?
In Houston, TX the median home value sits at $505K. Against the broader TX market, that reads as reasonable for most investors.
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