Where to Buy Investment Properties in Houston
by Marco Santarelli, Norada Real Estate Investments
Y ou won’t feel limited when it comes to choosing the best neighborhoods in Houston to buy invest - ment properties. There’s something for every age and stage in life. Best of all, the Houston enjoys some of the lowest housing costs in the nation. When compared to the 20 most populous metros, housing costs in Houston are 36.6 percent below average. Here are five neighbor - hoods in Houston where you can buy a house or invest in a rental property.
NO. 3 Uptown, Houston Uptown puts residents right next to Highway 610. St. Michael Catholic School and Fusion Academy are locat - ed in this neighborhood. There are several other private schools in the area. Public schools in this community are average. One of the reasons why people pay such high rent here is the incredibly short commutes given the fact that you’re living in Houston. The median rental rate per bedroom is more than $1500 per month. It is a great place to buy an investment property in Houston, Texas. EaDo, Houston EaDo or Eastern Downtown sits due north of Gulf Free - way and east of South Freeway. The community costs a little more to live in than downtown but is safer than downtown. Property is appreciating here much faster than downtown, making it a good place in Houston to invest in rental properties. NO. 4 NO. 5 MuseumDistrict, Houston The Museum District is due west of the Medical Cen - ter, putting residents in easy reach of both major medical employers and downtown Houston jobs. You do have to earn two to three times as much to afford to live here. This area is attractive to both young adults and empty nesters who want to live near the 19 museums in the area. Others appreciate the proximity to Rice University, whether they work there or attend the school. This makes the Museum District one of the best neighborhoods in Houston for buy investment properties. Rental rates are falling in most inner loop neighborhoods because of the high supply relative to demand. •
NO. 1 Greater Heights, Houston
Greater Heights is a suburb north of Highway 10 and west of I-45, and it is a short hop to Hardy Toll Road. This community is within commuting distance of jobs in down - town Houston and all of the northern suburbs. Public schools in the area range from 4 to 6 on a 1-10 scale. One of the highlights of this community is being close to the Northline Commons.
NO. 2 River Oaks, Houston
River Oaks is so hot that Trulia reports average rents of $2500-$3000 per bedroom. St. John’s upper and lower schools are located in the heart of this community. The public River Oak’s elementary school received a 10 out of 10 from Greatschools.com. Nearby Lanier Middle School was rated 10/10, as well. Lamar High School was an average 5 out of 10. This community is a short hop from I-69 and Highway 610 without leaving residents to live with the noise.
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