Real Estate Investing in Houston, Texas (77032)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77032 (Houston, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated poverty: 28.6% poverty rate — can affect rent collection.
- Lower household income: $38,834 median — tenant affordability is tighter.
What’s happening in Houston, TX (77032)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77032 Houston
The 77032 ZIP covers a section of Houston that demands careful diligence. Prices near $189K look accessible, but the work to make a deal cash flow is real.
Rent of $1,415/mo on a $189K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 77032 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Houston have seen price recovery that 77032 has not matched. Harris County data supports the view that the spread is structural rather than temporary.
The demographic picture in 77032 includes headwinds that any investor should price in. Income distribution skews lower than Houston averages, and tenant stability requires active management.
seems to 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 77032
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,083 | $1,430 | 7.9% | +3.8% | $65,042 |
| 3BR | $190,512 | $1,920 | 7.3% | +6.0% | $63,504 |
| 4BR | $206,194 | $2,400 | 8.4% | +5.0% | $51,548 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77032 Compare?
| Metric | 77032 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $189,034 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 4.2% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,415 | $1,555 | N/A | - |
| Cap Rate | 5.8% | 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 77032 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77032 (Houston, TX)?
~25 seconds · no account needed · your report is anonymous
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 | $189,034 |
| Monthly Rent | $1,415 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). 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 77032
Population: 13,536
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 77032
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
Frequently Asked Questions
What do rentals go for in Houston, TX?
Rent in Houston, TX is around $1,415/mo. The resulting rent-to-value relationship with $189K pricing is reasonable for most investor models.
What is the typical renter like in Houston, TX?
Expect a solid tenant pool in Houston, TX. The rental market absorbs $1,415/mo rents without meaningful friction.
What real estate strategy is ideal for Houston, TX?
A careful cash-flow rentals with hands-on management strategy Houston, TX best. The market produces consistent results for that approach at the $189K price point.
What is it like being a landlord in Houston, TX?
Rental owners in Houston, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Houston, TX stack up for property investment?
Houston, TX rates 3.0/5 for investability. With median values at $189K and rents near $1,415/mo, the market offers reasonable fundamentals for rental investors.
You know 77032 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77032 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 77032 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 77032 (Houston)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 77032 (Houston, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.