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Houston, We Have Investments

AKA: The Space City

Population: 6,656,947 • Average days on market: 27 • Average gross yield: 11.6%

# of Building Permits in 2015: 56,901 • Employment Growth to Building Permits Ratio in 2015: 1.0%

 

Drivers: U.S. News & World Report announced that Houston took the top spot on the list of American cities to accumulate wealth in 2015. Looks like everything's bigger in texas, including bank accounts!

 

Leading industries: Galveston Bay and the Buffalo Bayou together form one of the most important shipping hubs in the world. The Houston metro area is the 5th largest MSA in the United States. Its area is so large, it could contain the cities of New York, Boston, and San Francisco at the same time. The area also serves as the headquarters to 25 companies in the Fortune 500.

 

Notable mentions: Houston took the No. 1 spot on Forbes’ list of America’s Coolest Cities To Live in 2012. Houston is a hub for young professionals where the median age of a resident is only 33. Liberal planning has allowed for a zoning-free city resulting in mixed residential and commercial buildings. In recent years, the previously corporate dominated city has experienced a cultural revival. Modern housing developments have popped up downtown, trendy new restaurants inhabit repurposed factories, and art galleries like the Station Museum have filled vacant warehouses.

  • Job Growth
    42,650 new jobs in 2015
     
  • Population Growth
    159,083 new residents in 2015
     
  • Vacancy
    8.2%
     

Market Data

 
 
 
 
 
 
All data provided by Census, Bureau of Labor Statistics, RentRange®, Fortune, Wikipedia, Forbes, U.S. News & World Report. Market Data based on 3bd SFR

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