Houston Housing Market Forecast
HOUSTON REAL ESTATE MARKET: RENTALS, TRENDS, AND INVESTMENT OUTLOOK.
by Marco Santarelli, Norada Real Estate Investments
H ouston is an enormous city located in the state of Texas. With a population of 2,145,146 people and 605 constituent neigh- borhoods, Houston is the largest community in Texas. Houston is neither predominant- ly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Houston is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Houston who work in office and administrative support (13.48%), sales jobs (11.02%) and manage- ment occupations (7.71%). Houston, like many big cities in America, has a public transpor- tation system, but the citizens of Houston are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include
reduced air pollution and load on the road network.
Hispanic origin can be of any race). People of Hispanic or Latino origin account for 43.81% of the city’s residents. Important ancestries of people in Houston include German, English and Irish. In addition, Houston has a lot of people living here who were born outside of the US (28.31%). The most common language spo- ken in Houston is English. Some people also speak Spanish. For more information on prop- erties in the Houston market go to noradarealestate.com. Information by Department of Numbers, Bureau of Labor Sta- tistics, U.S. Census Bureau and Location Incorporated are deemed reliable but not guaranteed. • Marco Santarelli is the founder and president of Norada Real Estate Investments, a national real estate investment firm offering turnkey investment property in growth markets nationwide. He is also a published author and host of "The Passive Real Estate Investing Show," a podcast for real estate investors interested in building substantial passive income and creating long-term wealth. Learn more at NoradaRealEstate.com.
HOUSTON INFORMATION AND DEMOGRAPHICS In terms of college education, Houston is somewhat better ed- ucated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.21% of adults 25 and older in the city have at least a bachelor’s degree. The per capita income in Hous- ton in 2010 was $25,927, which is upper middle income relative to Texas and the nation. This equates to an annual income of $103,708 for a family of four. However, Hous- ton contains both very wealthy and poor people as well. Houston is an extremely eth- nically-diverse city. The people who call Houston home describe themselves as belonging to a vari- ety of racial and ethnic groups. The greatest number of Houston resi- dents report their race to be White, followed by Black or African-Amer- ican. Houston also has a sizeable Hispanic population (people of
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