Single Family Management
There are 34 property management companies in Houston, TX 17 Companies specialize in Single Family property management. 17 Companies specialize in Multi-Family property management. 13 Companies specialize in HOA property management.
The average rent for a 3 bedroom house in Houston, TX is $1,264.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
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Houston, TX Property Management Companies
Famous as the energy capital of the US and the world, Houston is the fourth largest city in the country and the largest city in the Lone Star State. With its Texan love of doing things on a grand scale, Houston is home to the world's largest medical center, the world's largest rodeo, three airports, two dozen Fortune 500 companies, a 17-block theater district, over 40 colleges, 5,000 energy companies and 11,000 restaurants, according to the city's official web site. Houston's multifaceted economy and youthful population make it an ideal place to start a property investment business.
Houston Rentals are in Demand
Rental activity in Houston is at an all-time high. Single-family home rentals have seen double-digit increases over the past few months while home sales have fallen significantly. Young professionals and blue-collar workers are competing with former homeowners for a fixed number of rentals as builders scramble to begin constructing more multi-family units.
No longer to rental property owners find themselves waiting for long periods to fill vacancies, offering discounts, or adding amenities in order to entice prospective renters. Instead, they're hiring property management companies to help screen tenants and keep their properties in good repair while they focus on expanding their property portfolios.
Houston Rental Market at a Glance
|2012 Population||6.1 million||380 million|
|2010 Percentage of renters||37.7%||34.0%|
|2013 (1st Q) Rental vacancy rate||10.4%||8.4%|
|2013 Median house price||$168,000||$185,400|
|2013 Median income||$44,124||$51,425|
|2013 Median rent (3 bedroom)||$1,290||$1,350|
The metro area of Houston, Texas (population: 6,177,035) underwent a drop in its vacancy rate between the first quarter of 2010 and the 3rd quarter of 2012 from 14.8% to 9.6%. Since then, it has risen to 10.4%. Rent levels have remained relatively stable, slightly rising from $1,241 in 2011 to $1,290 in 2013. The median family income is $44,124 and the median home price is $168,000.
Vacancy rates and population estimates taken from census.gov/housing
Rent data from HUD.gov
Median family income and price from CNNMoney.com
Percentage of renters reported by City-data.com
Finding Houston Property Management Companies
AllPropertyManagement.com lists many of the best Houston property management companies. Just enter your zip code into our search widget to get more information on companies in your area, then request free quotes.
Zoning brings order to land use. At least in the minds of most local government officials and Sim City gaming enthusiasts. Houston Texas is the biggest exception to this rule--at least within the United States. As the fourth largest city in the US and the biggest urban area void zoning regulations, Houston and many of its surrounding communities defy conventional city planning logic with an abundance of affordable housing and surprising resilience to financial strife like the 2008 real estate crisis. The plan--or lack thereof--has predictable downsides, including sprawl and low population density, but the city continues to move forward in an effort to anticipate future challenges. In an effort to organize and address regional community concerns, the City of Houston grouped the neighborhoods into 88 super neighborhoods, but Houston's super neighborhood initiative remains based around working with the city government, not undermining or redefining the traditional character of Houston neighborhoods.
Houston's lack of zoning conformity offers renters and homebuyers rich variety. For those seeking orderly characteristics among the neighborhoods surrounding the city of the un-zoned, West University Place near Rice University is a perfect place for upper-middle class families. Even during peak congestion residents can access downtown Houston and the Museum District in less than a half hour. Current renovations in neighboring Bellaire follow the West University Place trend, although restoration enthusiasts can sometimes find a promising old property among the new construction. Another neighborhood rich in remodel-ready bungalows and craftsmen houses is Eastwood, located a short distance from downtown Houston and the Theater District. If commute times and cash constraints are not an issue, The Woodlands north of Houston is one of the best neighborhoods in Texas. In addition to a hospital, shopping malls and an outdoor pavilion, there is also a PGA golf course. Additional Houston neighborhoods include:
Greater Fondren Southwest
East Little York / Homestead
Ost / South Union
Greenway / Upper Kirby Area
Greater Fifth Ward
Spring Branch North
South Acres / Crestmont Park
Denver Harbor / Port Houston
Trinity / Houston Gardens
Addicks Park Ten
Afton Oaks/River Oaks Area
Greater Third Ward
Gulfgate Riverview/Pine Valley
Spring Branch East
El Dorado/Oates Prairie
Clinton Park Tri-Community
Greater Hobby Area