Investing in real estate in Houston is an excellent idea due to the wide range of investment properties available. The city boasts an impressive business infrastructure and residential housing costs that provide a cost advantage to potential investors. With the current outlook for the Houston housing market, buying a home would be a wise investment. Home values are on the rise and are expected to continue increasing in the coming years.
However, housing prices in Houston are also increasing, so it's best to purchase as soon as possible. While a booming housing market like Houston's can be frustrating for homeowners, it can be ideal for investors in single-family rental properties. This is because Houston's strong labor market attracts more people, and when the housing market is tight, they rent instead. Like all housing markets, the prices of new homes for sale in Houston fluctuate depending on the time of year.
Typically, homebuyers search for and close on new homes during the peak months of spring and summer. The increase in local inventory and the reduction in transition costs associated with moving when children are not in school help many families explore new homes during these peak hours. We included 145 zip codes that made up the Houston MSA for Harris, Liberty, Wharton, Galveston, Waller, Walker, Matagorda and Brazoria counties. A study by Houston MetroNext projects that the population of the Houston metropolitan area will exceed 10 million in 2040, compared to approximately 7 million today.
Awning brings more color to the story with the help of Humberto Márquez, from Houston, who is Awning's most experienced agent in Texas. Homebuyers have a wide range of communities to explore when deciding where and how they want to live in Houston. We collected that data and identified Houston's main neighborhoods and zip codes for single-family property investors. If you think you're financially stable and ready to put down roots when buying a house or apartment, be sure to contact an experienced local real estate agent to help you navigate the Houston real estate market.
Experienced real estate investors looking for hard-money lenders in Houston are also researching housing affordability to help forecast current and future demand for rental real estate. In fact, employment growth in Houston has exceeded the pre-pandemic average for 9 of the last 12 months. According to the Greater Houston Partnership, Houston home prices continue to rise at double-digit rates. To help you decide between looking for a house or an apartment, here's a comprehensive overview of the Houston housing market and what you should consider when deciding whether to rent or buy.
Paige Martin, associate agent for Keller Williams Realty, and the Houston property team are among the best residential real estate agents in the world. Deciding on the right time to buy your dream home in Houston can take time and research but can end up saving you thousands of dollars on your home's cost. The Houston metropolitan area has one of the strongest economies of any region in the United States and is home to 21 Fortune 500 companies which rank fourth among all MSAs. Kiplinger, a publication of business forecasts and personal finance publishes a report on housing affordability for the top 100 metropolitan areas in the United States.
And remember that when buying a house or apartment in Houston you'll want to stay there for at least five years or more before selling it so you don't lose money on your investment.