Real Estate Investing in Damon, Texas (77444)
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Should you buy in 77444 (Damon, TX)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 30.9% of homes vacant — above national norms.
- Elevated poverty: 31.6% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Damon, TX (77444)?
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Market Analysis: 77444 Damon
Investors eyeing 77444 need to respect the fundamentals at play. Home values of $320K come alongside slower price movement and elevated management overhead.
The 77444 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within TX, ZIP 77444 trails on several market indicators that neighboring Brazoria County submarkets outperform. The gap is real and solid enough to shape underwriting.
Demographically, 77444 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. sturdy returns are possible in 77444, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Damon:
Market Trends
Home Value History (with trend line)
📊 How Does 77444 Compare?
| Metric | 77444 | Damon | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $320,010 | $343,658 | N/A | $297,000 |
| 5-Year CAGR | 1.7% | 2.5% | N/A | 5.4% |
| Avg Rent | $1,125 | $1,139 | N/A | - |
| Cap Rate | 2.7% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77444 (Damon, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,010 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 77444
Population: 793
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
Frequently Asked Questions
What do rentals go for in Damon, TX?
Damon, TX rentals go for roughly $1,125/mo a month. That puts gross yield in solid territory relative to $320K acquisition costs.
Is it easy to find good tenants in Damon, TX?
Damon, TX offers a consistent renter base at the $1,125/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much does a house cost in Damon, TX?
Median home price in Damon, TX is near $320K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How strong is Damon, TX for real estate investors?
Investors tracking Damon, TX will find a 2.0/5 rating supported by $320K median home values and $1,125/mo rents. That profile suits long-term holders targeting steady returns.
Are eviction rules reasonable in Damon, TX?
Rental owners in Damon, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 77444 now. You don’t know where it ranks.
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How 77444 ranks in Houston-The Woodlands-Sugar Land, TX
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