Is Houston, TX a good place to invest in rental property?

Houston, TX has a median modeled monthly cash flow of $-872 and a median cap rate of 3.2%, on a median sold price of $342,000. Prices changed -1.2% year over year.

What is the average cap rate in Houston, TX?

The median cap rate across recently sold homes in Houston, TX is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Houston, TX?

The median sold price in Houston, TX is $342,000 (about $168 per square foot).

Investing in Houston, TX Real Estate

A data-driven snapshot of the Houston, TX rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$342,000Median sold price

$168Median $/sqft

3.2%Median cap rate

$-872Modeled cash flow / mo

-1.2%Appreciation YoY

9.5Months of supply

31,614Active listings

39,844Sold (last 12 mo)

What the Houston numbers say

In Houston, TX, the median home sold for $342,000 (about $168 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-872 of monthly cash flow. Sold prices moved -1.2% over the past year. Inventory sits at about 9.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Texas markets to compare

See Houston cash-flowing listings

CashFlowRE ranks every for-sale home in Houston, TX by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Houston deals, or browse the national market data.