Real Estate Investing in Houston, Texas (77022)
Should you buy in 77022 (Houston, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.1% of homes vacant — above national norms.
- Elevated poverty: 22.6% poverty rate — can affect rent collection.
What’s happening in Houston, TX (77022)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77022 Houston
The 77022 ZIP covers a section of Houston that demands careful diligence. Prices near $215K look accessible, but the work to make a deal cash flow is real.
From an investor standpoint, the numbers look inviting — $215K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77022 is substantial and deserves full respect.
In the broader TX picture, 77022 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 77022 includes headwinds that any investor should price in. Income distribution skews lower than Houston averages, and tenant stability requires active management.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $169,612 | $1,030 | 4.4% | +4.1% | $169,612 |
| 2BR | $180,346 | $1,220 | 4.9% | +4.3% | $90,173 |
| 3BR | $225,158 | $1,640 | 5.2% | +4.1% | $75,053 |
| 4BR | $250,787 | $2,050 | 5.9% | +4.3% | $62,697 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77022 Compare?
| Metric | 77022 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $214,678 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 2.7% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,305 | $1,549 | N/A | - |
| Cap Rate | 4.7% | 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 77022 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77022 (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 | $214,678 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.7%). 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 77022
Population: 26,135
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 77022
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 16,904 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Houston, TX?
Expect elevated vacancy in Houston, TX. Rents at $1,305/mo are absorbed by the tenant base without meaningful lag.
How much is rent in Houston, TX?
Rents in Houston, TX run near $1,305/mo. Compared with median home prices of $215K that produces solid gross yields for typical rentals.
Is Houston, TX a friendly market for rental owners?
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?
For Houston, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of market is Houston, TX for investors?
Investors tracking Houston, TX will find a 3.0/5 rating supported by $215K median home values and $1,305/mo rents. That profile suits long-term holders targeting measured returns.
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