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.
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.
Getting Started in Real Estate Investing? HomeUnion® Can Help
HomeUnion® is the leader in residential real estate investment. With the use of big data and machine learning, we analyze information on millions of single family homes in Houston, TX; and across the United States and calculate home values RENTestimate for every property in Houston, TX. If you’re looking for the best investment properties across the country, visit our comprehensive investment site.
