Real Estate Investing in Houston, Texas (77047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77047 (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.
- Higher unemployment: 7.6% unemployment — tenant risk signal.
What’s happening in Houston, TX (77047)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77047 Houston
Not every below-median market is a bargain. Houston's 77047 ZIP stands at signals that favor experienced operators who can absorb the risk $252K pricing implies.
The investment case in 77047 is robust only for operators who understand what they are buying. A $252K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Meanwhile, 77047 offers a low basis, the region around Houston has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 77047 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 77047 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Houston:
Property Strategy for 77047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $171,737 | $1,900 | 8.0% | +5.7% | $85,868 |
| 3BR | $232,399 | $2,560 | 7.9% | +5.7% | $77,466 |
| 4BR | $285,186 | $3,190 | 8.1% | +5.7% | $71,296 |
| 5BR | $303,726 | — | — | +6.6% | $60,745 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77047 Compare?
| Metric | 77047 | Houston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $251,839 | $318,356 | N/A | $297,000 |
| 5-Year CAGR | 3.3% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,935 | $1,555 | N/A | - |
| Cap Rate | 6.0% | 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 77047 (Houston, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77047 (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 | $251,839 |
| Monthly Rent | $1,935 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 77047
Population: 35,248
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 77047
Schools in This ZIP Code
About Repit School Scores
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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
How quickly do rentals get leased in Houston, TX?
Occupancy in Houston, TX runs even-keeled with elevated vacancy. Well-priced units at $1,935/mo lease on reasonable timelines.
How expensive is real estate in Houston, TX?
Expect median prices around $252K in Houston, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Where do rents currently stand in Houston, TX?
Rents in Houston, TX run near $1,935/mo. Compared with median home prices of $252K that produces solid gross yields for typical rentals.
How landlord-friendly is Houston, TX?
For rental operators, Houston, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is real estate in Houston, TX a good investment right now?
Houston, TX comes in at an investability rating of 3.0/5, with median home values near $252K and average rents around $1,935/mo. That combination puts it in the robust tier for investor interest.
You know 77047 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77047 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 77047 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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