Real Estate Investing in Houston, Texas (77004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77004 (Houston, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
What’s happening in Houston, TX (77004)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77004 Houston
The 77004 ZIP covers a section of Houston that demands careful diligence. Prices near $352K look accessible, but the work to make a deal cash flow is real.
The investment case in 77004 is impressive only for operators who understand what they are buying. A $352K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Houston have seen price recovery that 77004 has not matched. Harris County data supports the view that the spread is structural rather than temporary.
Demographically, 77004 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.
Strategically, 77004 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 77004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $263,691 | $1,330 | 3.6% | +4.3% | $263,691 |
| 2BR | $287,065 | $1,580 | 4.0% | +2.9% | $143,533 |
| 3BR | $398,366 | $2,130 | 3.8% | +2.8% | $132,789 |
| 4BR | $461,806 | $2,650 | 4.1% | +4.5% | $115,452 |
| 5BR | $548,222 | — | — | +5.5% | $109,644 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77004 Compare?
| Metric | 77004 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $351,510 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 1.1% | 2.6% | N/A | 5.4% |
| Avg Rent | $2,110 | $1,555 | N/A | - |
| Cap Rate | 4.7% | 4.6% | - | - |
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 77004 (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 | $351,510 |
| Monthly Rent | $2,110 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | +2.1% ▲ |
🏠 Rent Trends
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 77004
Population: 35,866
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 77004
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 25,294 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 Houston, TX?
Expect rents around $2,110/mo per month in Houston, TX. With home values at $352K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Houston, TX?
The tenant pool in Houston, TX is solid, supported by local employment and population fundamentals. Rents of $2,110/mo are well-absorbed by the market.
Is TX a landlord-friendly state?
The landlord environment in Houston, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Houston, TX a good market for buy-and-hold investors?
Investors tracking Houston, TX will find a 3.0/5 rating supported by $352K median home values and $2,110/mo rents. That profile suits long-term holders targeting predictable returns.
What is the average home sale price in Houston, TX?
Expect median prices around $352K in Houston, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 77004 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77004 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 77004 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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