Real Estate Investing in Houston, Texas (77009)
Should you buy in 77009 (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: 13.4% of homes vacant — above national norms.
What’s happening in Houston, TX (77009)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77009 Houston
The 77009 ZIP in Houston, TX is a local-operator market. Outside capital chasing a $386K entry has to pair deep knowledge with the discount.
Rent of $1,736/mo on a $386K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 77009 sits below the stated 0.0% once reality is priced in.
ZIP 77009'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.
Who lives in 77009 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Houston's stable or hybrid ZIPs before stepping into 77009. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77009
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $231,470 | $1,150 | 3.6% | +1.9% | $231,470 |
| 2BR | $318,458 | $1,370 | 3.1% | +2.9% | $159,229 |
| 3BR | $409,618 | $1,840 | 3.2% | +2.4% | $136,539 |
| 4BR | $674,065 | $2,300 | 2.5% | +3.7% | $168,516 |
| 5BR | $777,878 | — | — | +3.2% | $155,576 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77009 Compare?
| Metric | 77009 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $385,811 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 2.2% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,736 | $1,549 | N/A | - |
| Cap Rate | 3.5% | 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 77009 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77009 (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 | $385,811 |
| Monthly Rent | $1,736 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 Rent Trends
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.4% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.5%). 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 77009
Population: 36,107
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 77009
Schools in This ZIP Code
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 33,841 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Houston, TX?
Expect median prices around $386K in Houston, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Are eviction rules reasonable in Houston, TX?
For rental operators, Houston, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What real estate strategy is ideal for Houston, TX?
Houston, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($386K prices, $1,736/mo rents) make it a reasonable choice.
Is house hacking profitable in Houston, TX?
House hacking in Houston, TX is reasonable to execute. Prices around $386K and rents of $1,736/mo solid owner-occupant economics.
How strong is Houston, TX for real estate investors?
Houston, TX rates 3.0/5 for investability. With median values at $386K and rents near $1,736/mo, the market offers reasonable fundamentals for rental investors.
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