Real Estate Investing in Houston, Texas (77015)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77015 (Houston, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
What’s happening in Houston, TX (77015)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77015 Houston
ZIP 77015 in Houston, TX carries a solid set of headwinds. Home values near $201K and rents of $1,121/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 77015 can be a worth a close look for hunting ground — but the discount at $201K reflects genuine risk that outside investors often underestimate.
The gap between 77015 and stronger Houston ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 77015 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 77015 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77015
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $84,671 | $1,180 | 10.0% | +3.7% | $84,671 |
| 2BR | $133,388 | $1,400 | 7.6% | +5.0% | $66,694 |
| 3BR | $197,426 | $1,880 | 6.9% | +5.8% | $65,809 |
| 4BR | $246,744 | $2,350 | 6.9% | +5.7% | $61,686 |
| 5BR | $275,790 | — | — | +6.0% | $55,158 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77015 Compare?
| Metric | 77015 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $200,886 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 3.5% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,121 | $1,555 | N/A | - |
| Cap Rate | 4.4% | 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 77015 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77015 (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 | $200,886 |
| Monthly Rent | $1,121 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.1% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 77015
Population: 58,822
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 77015
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 38,729 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Houston, TX?
Houston, TX offers a consistent renter base at the $1,121/mo rent level. Tenant turnover is reasonable for well-managed properties.
What does house hacking look like in Houston, TX?
For house hackers, Houston, TX is a challenging. The $1,121/mo rent on a unit helps defray the mortgage on a $201K property.
What are home prices like in Houston, TX?
The median home value in Houston, TX is roughly $201K. That puts it reasonable relative to the TX statewide average.
How strong are rents in Houston, TX?
Investors in Houston, TX typically see rents near $1,121/mo per month against $201K home values - a solid setup for rental cash flow.
Is rental property easy to operate in Houston, TX?
Landlord-friendliness in Houston, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 77015 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77015 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 77015 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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