In recent years, Houston has become one of the top rental investment cities in the United States. ABC News reported that in 2013 an investor could conceivably recoup a gross yield of 11.2 percent of his initial investment in the first year. In subsequent years the investment potential in the city has risen even higher. As the fourth largest city in the United States, Houston is more than just a thriving metropolis. It has become the gateway to Latin America and the energy capital of the world. It is estimated that over half of Fortune 500 companies are based out of Houston.
As the population of Houston grows by leaps and bounds, the demand for rental housing becomes paramount. Home values in the city experienced an increase of over 10 percent in 2014 according to the Houston Business Journal. The rise in home sales has spurred a building frenzy of new construction homes. It is estimated that the increase in home values will slow down in 2015, but the demand for affordable rental homes will continue to grow, which makes it an ideal time to purchase a rental investment in the city.
Top Reasons to Purchase a Rental House in Houston
If you are considering purchasing a home as an investment rental, then Houston might be the ideal place to start your home search. Here are several top reasons to focus on Houston for a rental home.
Houston Neighborhoods to Consider for a Rental Home Investment
Here are four of the top neighborhoods for rental home investments in Houston.
There is very little doubt that if you are looking for a rental home investment in a hot, booming market then you can't go wrong with the Houston area. The purchase price of homes remains modest when compared with the return you will ultimately make on monthly rent.
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