Why Invest in Houston Real Estate?
As the 4th largest city in the U.S. and the largest in Texas, Houston’s population grew 18.2% between 2010 and 2018. The city ranks second for this period among all U.S. metro areas for population growth on a numeric basis. This increase, combined with affordable rents, supported a rental population spike between 2006 and 2018. The share of renters in single-family homes grew from 28% in 2006 to 34% in 2014 to 42.9%% in 2018. These are all good signs for investors, as Houston has a lower risk of vacancy.
One thriving renter base for investors consists of Houston’s high concentration of college students. In fact, there are more than 315,000 students enrolled in over 100 local colleges. Even, despite low energy prices taking a toll on the overall Houston economy, its renter pool should remain stable until the local job market has a chance to rebound.
Houston Real Estate Market Highlights
- If Houston were an independent nation, it would rank as the world’s 26th largest economy (houston.org)
- Home to the Texas Medical Center, the largest medical center in the world, with an estimated regional annual economic impact of $35 billion
- Home to more than 5,000 energy-related firms
- 22 Fortune 500 companies are headquartered in the Houston metro area - this ranks Houston 4th in the U.S.
For more information, refer to our Knowledge Center and visit our Houston, TX Property Management page for local landlord tips and information. Our team has vast knowledge and experience in local Houston property management and can help you to have a better investment experience. We educate on topics in the Houston area ranging from landlord tips, repairs and maintenance, leasing and even dealing with emergencies! We look forward to furthering your rental property education.