Real Estate Investing in Houston, Texas (77062)
Should you buy in 77062 (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 (77062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77062 Houston
ZIP 77062 in Houston, TX carries a healthy set of headwinds. Home values near $317K and rents of $1,706/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 77062 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 77062'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.
From an investor standpoint, 24,892 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.
Strategically, 77062 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77062
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,126 | $1,540 | 6.7% | +4.2% | $83,063 |
| 3BR | $286,816 | $2,070 | 5.2% | +4.8% | $95,605 |
| 4BR | $336,056 | $2,580 | 5.5% | +4.7% | $84,014 |
| 5BR | $370,482 | — | — | +4.8% | $74,096 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77062 Compare?
| Metric | 77062 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $317,183 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 4.1% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,706 | $1,549 | N/A | - |
| Cap Rate | 4.2% | 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 77062 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77062 (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 | $317,183 |
| Monthly Rent | $1,706 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | -21.8% ▼ |
| 3-Year CAGR | -6.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.2%). 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 77062
Population: 24,892
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 77062
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
NORTH POINTE EL
P H GREENE EL
SPACE CENTER INT
ARMAND BAYOU EL
MARGARET S MCWHIRTER 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 27,511 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in 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.
How do landlord-tenant laws work in Houston, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Houston generally follows the statewide framework, so landlords face reasonable operating rules.
How much does a house cost in Houston, TX?
In Houston, TX the median home value sits at $317K. Against the broader TX market, that reads as reasonable for most investors.
Does house hacking make sense in Houston, TX?
House hacking in Houston, TX is reasonable to execute. Prices around $317K and rents of $1,706/mo solid owner-occupant economics.
Is it easy to find good tenants in Houston, TX?
The renter base in Houston, TX is reasonable for the $1,706/mo price point. Screening well and pricing to market typically yields measured tenants.
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