Real Estate Investing in Houston, Texas (77079)
Should you buy in 77079 (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: 14.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.2 — hard to cash-flow at these prices.
What’s happening in Houston, TX (77079)?
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Market Analysis: 77079 Houston
Not every below-median market is a bargain. Houston's 77079 ZIP clocks in at signals that favor experienced operators who can absorb the risk $743K pricing implies.
The 77079 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 77079 sits on the difficult end of the TX spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 35,540 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, 77079 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 77079
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $141,800 | $1,560 | 7.9% | +7.9% | $141,800 |
| 2BR | $188,289 | $1,860 | 7.1% | +4.8% | $94,144 |
| 3BR | $309,191 | $2,500 | 5.8% | +3.5% | $103,064 |
| 4BR | $852,932 | $3,120 | 2.6% | +8.5% | $213,233 |
| 5BR | $1,139,128 | — | — | +9.1% | $227,826 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77079 Compare?
| Metric | 77079 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $743,187 | $319,536 | N/A | $297,000 |
| 5-Year CAGR | 7.5% | 3.5% | N/A | 5.4% |
| Avg Rent | $1,582 | $1,549 | N/A | - |
| Cap Rate | 1.7% | 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 77079 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77079 (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 | $743,187 |
| Monthly Rent | $1,582 |
| Price-to-Rent | 39.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (1.7%). 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 77079
Population: 35,540
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 77079
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 do landlords charge for rent in Houston, TX?
Rents in Houston, TX run near $1,582/mo. Compared with median home prices of $743K that produces solid gross yields for typical rentals.
What is the tenant pool like in Houston, TX?
The renter base in Houston, TX is reasonable for the $1,582/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What is the typical vacancy rate in Houston, TX?
Houston, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
How landlord-friendly is Houston, TX?
Rental owners in Houston, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Which investment style suits Houston, TX?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Houston, TX. The numbers - $743K homes against $1,582/mo rents - support that play.
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