Real Estate Investing in Houston, Texas (77028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77028 (Houston, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
- Elevated poverty: 33.4% poverty rate — can affect rent collection.
- Lower household income: $33,403 median — tenant affordability is tighter.
What’s happening in Houston, TX (77028)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77028 Houston
ZIP 77028 inside Houston, TX plays the steady-hand role. Median home values comes in at $159K, rents near $1,611/mo, and the trend line is consistent rather than flashy.
A 0.0% cap rate, 0.0% annual growth, and $159K entry point describe a market that earns its returns slowly and steadily.
Statewide context places 77028 firmly in the middle ring — neither an appreciation leader nor a yield standout, but consistent across cycles.
Who lives in 77028 has not changed much in five years, and that is precisely why the numbers look the same. Demographic stability feeds market stability.
First-time investors often find 77028 a reasonable starting point. Experienced investors often find it a reasonable anchor for a broader portfolio. a viable market for on both counts.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $103,518 | $1,100 | 7.7% | +3.1% | $103,518 |
| 2BR | $116,504 | $1,310 | 8.1% | +3.7% | $58,252 |
| 3BR | $164,326 | $1,760 | 7.7% | +3.4% | $54,775 |
| 4BR | $194,269 | $2,200 | 8.2% | +4.3% | $48,567 |
| 5BR | $209,974 | — | — | +2.5% | $41,995 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77028 Compare?
| Metric | 77028 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $159,371 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 1.0% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,611 | $1,555 | N/A | - |
| Cap Rate | 7.9% | 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 77028 (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 | $159,371 |
| Monthly Rent | $1,611 |
| Price-to-Rent | 8.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.1% |
| Cap Rate | 7.9% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | -2.3% ▼ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -8.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (7.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 77028
Population: 18,379
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 77028
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
COOK JR EL
FOREST BROOK MIDDLE
SHADYDALE EL
NORTH FOREST H S
KIPP NORTHEAST COLLEGE PREPARATORY
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 33,841 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do landlord-tenant laws work in Houston, TX?
For rental operators, Houston, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the best play in Houston, TX?
Most investors in Houston, TX run a steady buy-and-hold investing strategy. It aligns with the 4.0/5 investability profile and the market fundamentals.
Does house hacking make sense in Houston, TX?
Houston, TX offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,611/mo rent level.
How does Houston, TX rate as a rental market?
The 4.0/5 investability rating in Houston, TX reflects its $159K prices and $1,611/mo rents. Investors generally consider it a solid option within TX.
What price range are homes in Houston, TX?
Houston, TX median home values land near $159K. That is reasonable territory for investors looking at $1,611/mo-per-month rentals.
You know 77028 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77028 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 77028 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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