Real Estate Investing in Houston, Texas (77008)
Should you buy in 77008 (Houston, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
What’s happening in Houston, TX (77008)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77008 Houston
The 77008 ZIP covers a section of Houston that demands careful diligence. Prices near $598K look accessible, but the work to make a deal cash flow is real.
In practical terms, the numbers look inviting — $598K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77008 is substantial and deserves full respect.
In the broader TX picture, 77008 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 40,155 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.
Distressed ZIPs reward experience. healthy returns are possible in 77008, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77008
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $356,687 | $1,570 | 3.2% | +3.4% | $356,687 |
| 2BR | $522,680 | $1,870 | 2.6% | +5.4% | $261,340 |
| 3BR | $567,511 | $2,520 | 3.2% | +3.4% | $189,170 |
| 4BR | $939,104 | $3,140 | 2.4% | +5.0% | $234,776 |
| 5BR | $1,369,660 | — | — | +6.1% | $273,932 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77008 Compare?
| Metric | 77008 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $598,102 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 3.3% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,991 | $1,549 | N/A | - |
| Cap Rate | 2.6% | 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 77008 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77008 (Houston, TX)?
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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 | $598,102 |
| Monthly Rent | $1,991 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +2.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.6%). 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 77008
Population: 40,155
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 77008
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WASHINGTON B T H S
DURHAM EL
GARDEN OAKS MONTESSORI
HARVARD EL
MEMORIAL EL
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 does Houston, TX rate as a rental market?
Investors tracking Houston, TX will find a 3.0/5 rating supported by $598K median home values and $1,991/mo rents. That profile suits long-term holders targeting consistent returns.
What monthly rent should investors expect in Houston, TX?
Rents in Houston, TX run near $1,991/mo. Compared with median home prices of $598K that produces solid gross yields for typical rentals.
What are home prices like in Houston, TX?
In Houston, TX the median home value sits at $598K. Against the broader TX market, that reads as reasonable for most investors.
Are eviction rules reasonable in Houston, TX?
Rental owners in Houston, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How high is vacancy risk in Houston, TX?
Vacancy in Houston, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,991/mo.
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