According to the Houston Association of Realtors, home sales dropped by over 4% this February when compared to last year. That's excellent news for investors wanting to get into this red-hot Texas property market.
Houston is one of America's most popular cities, rated as one of the best places to live in the world. So, it's not surprising that homes were hard to come by during the property boom of 2020 to 2022.
Now that things are slowing down a little, you'll find you've got more options when it comes to investing in Houston property. Check out this real estate guide to the best neighborhoods in Houston for astute property investors.
Greater Heights is just west of Highway I-45, and north of Highway 10, close to the Hardy Toll Road. This place the community within easy commuting distance of the city.
It's located close to the 478,584 sq. ft. Northline Commons shopping mall with its mega stores and fashion outlets. You can expect to pay upward of $600,000 for a home in this area, and inventory remains in short supply.
Since it's a popular area for business people and families alike, Greater Heights is a good choice for property investors wanting to grow their rental portfolio.
The Museum District
The Museum District holds pride of place amongst 19 of Houston's best-known museums and the Houston Zoo. It's also just 4 miles from downtown Houston, and close to the Medical Center and Rice University.
It's an expensive neighborhood but located close to all the highest-paying jobs. This makes it a good fit for those wanting to invest in property suited to rentals.
Rents are stable in the area and rival those in the upmarket Medical Center district. Close by, the Rice Military/Washington Corridor area is a slightly cheaper option.
Downtown Houston is a huge drawcard for new renters thanks to its excellent access to public transport and proximity to major employers. In recent times, developers have focussed on building high-end and mid-range condos of two, three, and four bedrooms, to attract even more renters.
Apart from these lock-and-leave dwellings, historic Houston loft apartments are another popular option for renters and investors alike.
In the last few years, Houston's residential market has doubled, so you'll rarely find any single-family homes available for sale here. Suitable alternatives include the surrounding areas of Montrose, Northside Village, EaDo, and Midtown.
The downtown area offers great price diversity, with prices ranging from $150,000 to $3,500,000, and offers easy access to all the best benefits of living in Houston.
Find Your Space Among the Best Neighborhoods in Houston
Houston is a thriving city where most of the inhabitants rent accommodation. This makes it an excellent choice for investment properties of all kinds.
Now that the market is cooling at last, it's a good idea to start shopping for your next rental real estate in this part of the world.
Our investor services can help you find high-earning properties in the best neighborhoods in Houston. Get in touch to get started on your investment property journey.