Real Estate Investing in Houston, Texas (77024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77024 (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: 13.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 66.8 — hard to cash-flow at these prices.
What’s happening in Houston, TX (77024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77024 Houston
Investors eyeing 77024 need to respect the fundamentals at play. Home values of $1.5M come alongside slower price movement and elevated management overhead.
The investment case in 77024 is healthy only for operators who understand what they are buying. A $1.5M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Houston have seen price recovery that 77024 has not matched. Harris County data supports the view that the spread is structural rather than temporary.
On balance, 37,647 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.
tilts toward 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 77024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $140,052 | $1,800 | 9.3% | +2.1% | $140,052 |
| 2BR | $239,116 | $2,140 | 6.4% | +2.9% | $119,558 |
| 3BR | $724,185 | $2,880 | 2.9% | +5.7% | $241,395 |
| 4BR | $1,769,516 | $3,590 | 1.5% | +8.4% | $442,379 |
| 5BR | $2,846,371 | — | — | +7.8% | $569,274 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77024 Compare?
| Metric | 77024 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $1,462,084 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 7.9% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,823 | $1,555 | N/A | - |
| Cap Rate | 1.0% | 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 77024 (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 | $1,462,084 |
| Monthly Rent | $1,823 |
| Price-to-Rent | 66.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.5% |
| Cap Rate | 1.0% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.0%). 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 77024
Population: 37,647
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 77024
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HOUSMAN EL
WOODVIEW EL
CORNERSTONE ACADEMY
MARK WHITE EL
RIDGECREST EL
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 is the median home value in Houston, TX?
In Houston, TX the median home value sits at $1.5M. Against the broader TX market, that reads as reasonable for most investors.
Can I house hack in Houston, TX?
House hacking in Houston, TX is reasonable to execute. Prices around $1.5M and rents of $1,823/mo solid owner-occupant economics.
How qualified is the tenant pool in Houston, TX?
Tenant demand in Houston, TX is solid. The local workforce $1,823/mo rents across most rental classes.
Is rental property easy to operate in Houston, TX?
Rental owners in Houston, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are rents high in Houston, TX?
Expect rents around $1,823/mo per month in Houston, TX. With home values at $1.5M, the yield math works out to reasonable levels for rental investors.
You know 77024 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77024 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 77024 ranks in Houston-The Woodlands-Sugar Land, TX
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