When the population grows by more than 15%, as the Houston metro area’s population did from 2012 to 2021, there is mounting pressure to build more houses. Houston is the fourth most populous city in the United States, and according to this census report, the city grew by 10.7 percent between April 2010 and July 2019. Furthermore, 1.2 million people are expected to move to the city between 2020 and 2029.
While its neighbors Austin, Dallas, and San Antonio have received most of the attention in recent years, Houston has established itself as a city for both families and singles. Houston is also one of the country’s most ethnically and linguistically diverse cities, making it an excellent choice for those looking to immerse themselves in new cultures.
The economic strength of the region underpins this growth. Immigrants account for roughly one-third of Greater Houston’s workforce. It is a well-known city in the United States, with thriving business culture, fashion, sports, research, technology, and education, among other things. Houston also has the fourth-tallest skyline in the United States.
These amazing factors allow Houston to accommodate millions of tourists and visitors each year while also allowing Houston’s real estate market to boom. Population growth is the most important factor influencing real estate prices. Net population growth increases demand for housing, and in the absence of new supply, it raises rental and purchases prices.
The Booming Real Estate Market in Houston, TX
Unlike fully developed cities such as New York, San Francisco, and Washington, Houston has plenty of room to grow and develop. Houston has great low-density sprawl, which means that there are still spaces within the city for residential housing construction. Many inner-city neighborhoods still have abandoned or vacant land spaces that can be used to build houses. Professional building contractors and roofing companies are available within the locality making it easy for real estate developers.
Investing in Houston real estate is a great idea because there are many different investment properties to choose from. Houston has an excellent business infrastructure, and residential housing costs provide prospective investors with an operating cost advantage.
Many investment properties are available that provide investors with a strong opportunity to generate passive monthly income. There is plenty of development land available, and there is a lot of activity in the real estate sector in Houston.
The Best Houston Neighborhoods For Investing in Real Estate
When choosing the best neighborhoods in Houston to buy investment properties, you will not be limited. There’s something for everyone at every age and stage of life. Best of all, Houston has some of the nation’s lowest housing costs. Houston’s housing costs are 36.6 percent lower than the national average compared to the 20 most populous metro areas. Here are the best Houston neighborhoods where you can buy a home or invest in a rental property:
Uptown-Galleria, Houston, TX
Uptown residents have direct access to Highway 610. This neighborhood is home to St. Michael Catholic School and Fusion Academy. There are several other private schools in the area. This community’s public schools are mediocre. It is a popular shopping district. It’s also known as The Galleria, after the vast retail complex of the same name, which features a mix of designer boutiques, chains, department stores, and a year-round ice rink.
One of the reasons people pay such premium rents in Houston is the incredibly short commutes. It is an excellent location to purchase an investment property in Houston, Texas. Uptown is one of the best neighborhoods in Houston for buying a home or an investment property.
Greater Heights, Houston, TX
Greater Heights is a suburb located north of Highway 10 and west of I-45, with easy access to Hardy Toll Road. This neighborhood is convenient to jobs in downtown Houston and the northern suburbs. On a scale of 1 to 10, public schools in the area range from 4 to 6. Being close to the Northline Commons is one of the community’s highlights. It is one of Houston’s best neighborhoods for buying a home or an investment property.
River Oaks, Houston, TX
Several Houston suburbs have seen significant appreciation as more Houston residents relocate there. Along I-69, for example, the suburb of Humble has increased in value. According to Greatschools.com, Humble’s public schools have average scores ranging from 4 to 6. Humble also has several private schools. Humble is one of Houston’s most popular suburbs, as evidenced by the decline of nearby Kingswood. Humble is a good Houston neighborhood for purchasing rental properties.
EaDo, Houston, TX
East Downtown or EaDo, is located directly north of the Gulf Freeway and east of the South Freeway. The community is slightly more expensive to live in than downtown, but it is also safer. According to past trends, the property has appreciated much faster here than downtown, making it one of the “best Houston neighborhoods” to invest in rental properties.
