Real Estate Investing in Conroe, Texas (77302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77302 (Conroe, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Conroe, TX (77302)?
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Market Analysis: 77302 Conroe
Not every below-median market is a bargain. Conroe's 77302 ZIP reports signals that favor experienced operators who can absorb the risk $329K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $329K asset, 77302 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 77302 and stronger Conroe ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 19,787 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.
Strategy in 77302 is an operator game, not a passive one. In practical terms, entry prices of $329K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Conroe:
Property Strategy for 77302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $242,127 | $1,590 | 4.7% | +5.5% | $121,063 |
| 3BR | $267,491 | $2,140 | 5.8% | +5.7% | $89,164 |
| 4BR | $365,804 | $2,670 | 5.3% | +5.5% | $91,451 |
| 5BR | $482,036 | — | — | +5.6% | $96,407 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77302 Compare?
| Metric | 77302 | Conroe | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $329,332 | $309,164 | N/A | $297,000 |
| 5-Year CAGR | 3.0% | 2.8% | N/A | 5.4% |
| Avg Rent | $2,049 | $1,699 | N/A | - |
| Cap Rate | 4.9% | 4.5% | - | - |
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 77302 (Conroe, TX). Anonymous, moderated, never written by AI.
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Property managers serving Montgomery County
Manage rentals here? List your business →RentLife Property Management offers property management services across Greater Houston, including Spring, Tomball, The Woodlands, Conroe, Hockley, Houston, Katy, Cypress, Kingwood, Humble, Magnolia, 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 | $329,332 |
| Monthly Rent | $2,049 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 77302
Population: 19,787
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 77302
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
Investor Insight: With 18,599 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What strategy should investors use in Conroe, TX?
A careful cash-flow rentals with hands-on management strategy Conroe, TX best. The market produces even-keeled results for that approach at the $329K price point.
How landlord-friendly is Conroe, TX?
Landlord-friendliness in Conroe, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What monthly rent should investors expect in Conroe, TX?
Rental rates in Conroe, TX average $2,049/mo. Tenant demand and $329K home values make the yield look reasonable by investor standards.
Does a duplex house hack pencil in Conroe, TX?
For house hackers, Conroe, TX is a challenging. The $2,049/mo rent on a unit helps defray the mortgage on a $329K property.
How does Conroe, TX rate as a rental market?
Conroe, TX rates 3.0/5 for investability. With median values at $329K and rents near $2,049/mo, the market offers reasonable fundamentals for rental investors.
You know 77302 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77302 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 77302 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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