Real Estate Investing in Spring, Texas (77382)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77382 (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 (77382)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77382 Spring
ZIP 77382 in Spring, TX carries a significant set of headwinds. Home values near $601K and rents of $2,414/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $601K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77382 is substantial and deserves full respect.
In the broader TX picture, 77382 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 77382 ZIP's population of 40,170 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 77382 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Spring:
Property Strategy for 77382
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $326,876 | $2,260 | 5.0% | +6.8% | $163,438 |
| 3BR | $389,120 | $3,040 | 5.6% | +8.4% | $129,707 |
| 4BR | $625,148 | $3,790 | 4.4% | +9.1% | $156,287 |
| 5BR | $1,032,381 | — | — | +9.4% | $206,476 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77382 Compare?
| Metric | 77382 | Spring | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $600,658 | $422,812 | N/A | $297,000 |
| 5-Year CAGR | 7.1% | 5.0% | N/A | 5.4% |
| Avg Rent | $2,414 | $1,929 | N/A | - |
| Cap Rate | 3.1% | 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 77382 (Spring, 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 | $600,658 |
| Monthly Rent | $2,414 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 77382
Population: 40,170
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 77382
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GLEN LOCH EL
RIDE EL
COLLINS INT
DAVID EL
GALATAS 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 18,599 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Spring, TX make sense for an investment property?
Investors tracking Spring, TX will find a 3.0/5 rating supported by $601K median home values and $2,414/mo rents. That profile suits long-term holders targeting even-keeled returns.
Is housing expensive in Spring, TX?
Homes in Spring, TX typically sell near $601K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What kind of vacancy should I budget for in Spring, TX?
Vacancy risk in Spring, TX is elevated. That supports measured cash flow for typical rental holds.
Can owner-occupants cash flow in Spring, TX?
The a challenging house-hack environment in Spring, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Which real estate strategy fits Spring, TX?
Most investors in Spring, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 77382 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77382 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 77382 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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