Real Estate Investing in Friendswood, Texas (77546)
Should you buy in 77546 (Friendswood, 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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Friendswood, TX (77546)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77546 Friendswood
ZIP 77546 inside Galveston County looks affordable on the surface — median value of $404K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $404K asset, 77546 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 77546's metrics run below Galveston County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 77546 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 77546 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 Friendswood:
Property Strategy for 77546
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $186,735 | $1,980 | 7.6% | +6.5% | $93,368 |
| 3BR | $285,555 | $2,660 | 6.7% | +5.2% | $95,185 |
| 4BR | $439,708 | $3,320 | 5.4% | +6.2% | $109,927 |
| 5BR | $661,127 | — | — | +6.7% | $132,225 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77546 Compare?
| Metric | 77546 | Friendswood | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $403,967 | $403,967 | N/A | $297,000 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 5.4% |
| Avg Rent | $1,897 | $1,897 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 77546 (Friendswood, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $403,967 |
| Monthly Rent | $1,897 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.7%). 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 77546
Population: 54,082
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 77546
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 29,598 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Friendswood, TX?
Average rent in Friendswood, TX is approximately $1,897/mo per month. Against $404K home values that yields a reasonable rent-to-price ratio.
Does Friendswood, TX favor landlords or tenants?
TX law landlord-friendly for landlords, and Friendswood inherits those rules. Investors should still review local ordinances for rental licensing.
Are there empty rentals in Friendswood, TX?
Rental vacancy in Friendswood, TX is elevated. Investors should budget normal turnover but not chronic empty units.
What is the smart move for investors in Friendswood, TX?
The best-fit strategy in Friendswood, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Friendswood, TX a good place for real estate investing?
Friendswood, TX scores 3.0/5 for investability. Home values sit at $404K and rents near $1,897/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
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