Real Estate Investing in Houston, Texas (77059)
Should you buy in 77059 (Houston, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Houston, TX (77059)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77059 Houston
This part of Harris County is not an easy win. The 77059 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 77059 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader TX picture, 77059 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 77059 includes headwinds that any investor should price in. Income distribution skews lower than Houston averages, and tenant stability requires active management.
The right play in 77059 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77059
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $367,955 | $2,050 | 4.0% | +4.2% | $183,978 |
| 3BR | $338,691 | $2,760 | 5.9% | +4.8% | $112,897 |
| 4BR | $444,874 | $3,440 | 5.6% | +4.9% | $111,219 |
| 5BR | $608,312 | — | — | +5.9% | $121,662 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77059 Compare?
| Metric | 77059 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $453,759 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 3.9% | 3.5% | N/A | 5.4% |
| Avg Rent | $2,400 | $1,549 | N/A | - |
| Cap Rate | 4.1% | 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 77059 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77059 (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 | $453,759 |
| Monthly Rent | $2,400 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.1%). 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 77059
Population: 18,386
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 77059
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
TURNER EL
BONDY INT
FAIRMONT EL
FAIRMONT J H
CLEAR LAKE CITY 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 30,979 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Houston, TX?
Expect rents around $2,400/mo per month in Houston, TX. With home values at $454K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Houston, TX?
Houston, TX draws a predictable base of working renters. Demand at the $2,400/mo rent level is reasonable for standard single-family and small multi rentals.
What is the best play in Houston, TX?
A careful cash-flow rentals with hands-on management strategy Houston, TX best. The market produces steady results for that approach at the $454K price point.
Is vacancy a concern in Houston, TX?
Vacancy in Houston, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,400/mo.
What price range are homes in Houston, TX?
Typical homes in Houston, TX go for around $454K. The 5-year CAGR of 0.0% consistent price movement.
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