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Houston
Thinking about investing in Houston real estate? You should be! To begin with, Houston with its population of well over two million people is the most populated city in the State of Texas and the fourth one nationwide. It is also an important trade, business, energy, and medical center. Mark Dotzour, a former chief economist for the Texas A&M University’s Real Estate Center, described Houston housing market’s performance as “stunning, astonishing, astounding” as in his words “it’s amazing how resilient the housing market is in Houston when you’re in the middle of a root canal.”
According to Neighborhood Scout, the Houston real estate market has experienced an overall appreciation of 136%, which means an average annual appreciation of over 3%. In the past 10 years, the overall appreciation was 48%, with an average annual appreciation of 4%, which ranks Houston in the top 10% nationally. In the past 12 months, the housing market in Houston appreciated with 7%, higher than in 80% of US cities and towns.