Real Estate Investing in Houston, Texas (77033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77033 (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: 9.4% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- Elevated poverty: 29.9% poverty rate — can affect rent collection.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
What’s happening in Houston, TX (77033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77033 Houston
Homes in the 77033 ZIP trade near $144K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,757/mo support the pro forma.
In 77033, the deal is made on the buy and on the capex. significant entry prices of $144K leave room in the budget for light-to-medium renovation, with rent lift to match.
Across Houston, pockets like 77033 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The resident base in 77033 runs younger and more tenure-renter than county averages. 39% of 28,079 households lease, which is the demand source for post-rehab rent lifts.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,562 | $1,410 | 8.4% | +3.6% | $60,281 |
| 3BR | $136,736 | $1,900 | 10.0% | +2.3% | $45,579 |
| 4BR | $173,574 | $2,370 | 9.8% | +3.8% | $43,393 |
| 5BR | $197,318 | — | — | +3.3% | $39,464 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77033 Compare?
| Metric | 77033 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $143,985 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 0.9% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,757 | $1,555 | N/A | - |
| Cap Rate | 9.5% | 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 77033 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77033 (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 | $143,985 |
| Monthly Rent | $1,757 |
| Price-to-Rent | 6.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.6% |
| Cap Rate | 9.5% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | -3.6% ▼ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (9.5%) 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 77033
Population: 28,079
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 77033
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ATTUCKS MIDDLE
GREGG EL
HARTMAN MIDDLE
HARTSFIELD EL
SEGUIN 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
Investor Insight: With 16,937 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Houston, TX better for rentals, flips, or BRRRR?
Investors who focus on value-add and BRRRR deals typically do well in Houston, TX. The numbers - $144K homes against $1,757/mo rents - support that play.
How much does a house cost in Houston, TX?
Median home price in Houston, TX is near $144K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What monthly rent should investors expect in Houston, TX?
Rents in Houston, TX run near $1,757/mo. Compared with median home prices of $144K that produces solid gross yields for typical rentals.
Does a duplex house hack pencil in Houston, TX?
House hacking in Houston, TX is reasonable to execute. Prices around $144K and rents of $1,757/mo solid owner-occupant economics.
Is Houston, TX a good place for real estate investing?
The 4.0/5 investability rating in Houston, TX reflects its $144K prices and $1,757/mo rents. Investors generally consider it a solid option within TX.
You know 77033 now. You don’t know where it ranks.
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How 77033 ranks in Houston-The Woodlands-Sugar Land, TX
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