Real Estate Investing in Houston, Texas (77064)
Should you buy in 77064 (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 (77064)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77064 Houston
Investors eyeing 77064 need to respect the fundamentals at play. Home values of $271K come alongside slower price movement and elevated management overhead.
For an experienced owner, 77064 can be a an appealing option for hunting ground — but the discount at $271K reflects genuine risk that outside investors often underestimate.
ZIP 77064'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.
Demographically, 77064 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
seems to 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 77064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $188,001 | $1,740 | 6.7% | +5.6% | $94,001 |
| 3BR | $244,753 | $2,340 | 6.9% | +5.8% | $81,584 |
| 4BR | $314,825 | $2,920 | 6.7% | +6.0% | $78,706 |
| 5BR | $393,950 | — | — | +6.2% | $78,790 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77064 Compare?
| Metric | 77064 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $270,791 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 4.3% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,417 | $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 77064 (Houston, TX). Anonymous, moderated, never written by AI.
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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 | $270,791 |
| Monthly Rent | $1,417 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -9.3% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +1.5% ▲ |
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 77064
Population: 48,924
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 77064
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
Frequently Asked Questions
What kind of market is Houston, TX for investors?
Yes - Houston, TX a 3.0/5 investability score. With $271K home prices against $1,417/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the tenant pool like in Houston, TX?
The renter base in Houston, TX is reasonable for the $1,417/mo price point. Screening well and pricing to market typically yields predictable tenants.
How much is rent in Houston, TX?
Expect rents around $1,417/mo per month in Houston, TX. With home values at $271K, the yield math works out to reasonable levels for rental investors.
Is TX a landlord-friendly state?
Houston, TX operates under TX law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How high is vacancy risk in Houston, TX?
Rental vacancy in Houston, TX is elevated. Investors should budget normal turnover but not chronic empty units.
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