Real Estate Investing in Pattison, Texas (77423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77423 (Pattison, 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.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
What’s happening in Pattison, TX (77423)?
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Market Analysis: 77423 Pattison
On balance, ZIP 77423 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $368K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $368K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77423 is substantial and deserves full respect.
The gap between 77423 and stronger Pattison ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 77423 includes headwinds that any investor should price in. Income distribution skews lower than Pattison averages, and tenant stability requires active management.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Pattison:
Property Strategy for 77423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $312,699 | $2,020 | 4.7% | +5.3% | $104,233 |
| 4BR | $422,033 | $2,520 | 4.3% | +6.4% | $105,508 |
| 5BR | $554,017 | — | — | +7.3% | $110,803 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77423 Compare?
| Metric | 77423 | Pattison | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $368,425 | $184,212 | N/A | $297,000 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 5.4% |
| Avg Rent | $1,961 | $1,961 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77423 (Pattison, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $368,425 |
| Monthly Rent | $1,961 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 77423
Population: 16,689
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 77423
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.
Frequently Asked Questions
What real estate strategy is ideal for Pattison, TX?
Pattison, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($368K prices, $1,961/mo rents) make it a reasonable choice.
How tight is the rental market in Pattison, TX?
Vacancy risk in Pattison, TX is elevated. That supports even-keeled cash flow for typical rental holds.
Are renters plentiful in Pattison, TX?
Working renters make up the core of the Pattison, TX tenant base. The pool is reasonable for investors targeting long-term holds.
What does house hacking look like in Pattison, TX?
The a challenging house-hack environment in Pattison, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much rent can I charge in Pattison, TX?
Rents in Pattison, TX run near $1,961/mo. Compared with median home prices of $368K that produces solid gross yields for typical rentals.
You know 77423 now. You don’t know where it ranks.
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How 77423 ranks in Houston-The Woodlands-Sugar Land, TX
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