Real Estate Investing in Spring, Texas (77381)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77381 (Spring, TX)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Spring, TX (77381)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77381 Spring
The 77381 ZIP covers a section of Spring that demands careful diligence. Prices near $581K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 77381 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 77381 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 77381 ZIP's population of 35,184 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategically, 77381 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Spring:
Property Strategy for 77381
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $135,008 | $1,730 | 9.2% | +6.2% | $135,008 |
| 2BR | $260,800 | $2,060 | 5.7% | +8.3% | $130,400 |
| 3BR | $395,827 | $2,770 | 5.0% | +9.0% | $131,942 |
| 4BR | $648,422 | $3,460 | 3.8% | +9.8% | $162,105 |
| 5BR | $944,938 | — | — | +10.1% | $188,988 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77381 Compare?
| Metric | 77381 | Spring | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $581,332 | $422,812 | N/A | $297,000 |
| 5-Year CAGR | 7.6% | 5.0% | N/A | 5.4% |
| Avg Rent | $2,459 | $1,929 | N/A | - |
| Cap Rate | 3.3% | 3.8% | - | - |
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 77381 (Spring, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77381 (Spring, TX)?
~25 seconds · no account needed · your report is anonymous
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 | $581,332 |
| Monthly Rent | $2,459 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +8.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 77381
Population: 35,184
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 77381
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BUCKALEW EL
BUSH EL
TOUGH EL
DERETCHIN EL
MITCHELL INT
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 kind of tenants rent in Spring, TX?
The tenant pool in Spring, TX is solid, supported by local employment and population fundamentals. Rents of $2,459/mo are well-absorbed by the market.
How should investors approach Spring, TX?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Spring, TX. The numbers - $581K homes against $2,459/mo rents - support that play.
What is the median home value in Spring, TX?
Median home price in Spring, TX is near $581K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How tight is the rental market in Spring, TX?
Spring, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Spring, TX a friendly market for rental owners?
The landlord environment in Spring, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 77381 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77381 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 77381 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 77381 (Spring)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 77381 (Spring, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.