Real Estate Investing in Conroe, Texas (77384)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77384 (Conroe, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
What’s happening in Conroe, TX (77384)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77384 Conroe
This part of Montgomery County is not an easy win. The 77384 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 77384 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 77384's metrics run below Montgomery County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 77384 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 77384 is an operator game, not a passive one. Stepping back, entry prices of $414K 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 77384
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $285,293 | $1,660 | 4.2% | +5.7% | $142,646 |
| 3BR | $359,861 | $2,230 | 4.5% | +6.6% | $119,954 |
| 4BR | $441,855 | $2,780 | 4.5% | +6.7% | $110,464 |
| 5BR | $568,200 | — | — | +6.7% | $113,640 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77384 Compare?
| Metric | 77384 | Conroe | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $413,804 | $309,164 | N/A | $297,000 |
| 5-Year CAGR | 3.9% | 2.8% | N/A | 5.4% |
| Avg Rent | $1,594 | $1,699 | N/A | - |
| Cap Rate | 3.0% | 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 77384 (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 | $413,804 |
| Monthly Rent | $1,594 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +1.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 77384
Population: 24,148
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 77384
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
How high is vacancy risk in Conroe, TX?
Conroe, TX carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,594/mo.
Is it easy to find good tenants in Conroe, TX?
The renter base in Conroe, TX is reasonable for the $1,594/mo price point. Screening well and pricing to market typically yields predictable tenants.
What monthly rent should investors expect in Conroe, TX?
Average rent in Conroe, TX is approximately $1,594/mo per month. Against $414K home values that yields a reasonable rent-to-price ratio.
Is Conroe, TX good for house hacking?
The house hack math a challenging in Conroe, TX. Owner-occupant buyers benefit from the $1,594/mo rents and $414K home values.
What kind of market is Conroe, TX for investors?
Our data puts Conroe, TX at 3.0/5 for investability. Home prices of $414K and rents around $1,594/mo create a solid backdrop for investor activity.
You know 77384 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77384 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 77384 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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