Houston is acclaimed as a beacon of southern growth, both in terms of business capital influx and a fast-growing population powering the booming economy. Learn how you can capitalize on this growth by investing in the Houston foreclosures market and its neighboring cities.
Houston has come a long way since it was the setting for many an American oil tycoon’s origin story. The city has a burgeoning IT landscape today with several startups here having received crucial seed funding. As a real estate investor, you can hope to turn a profit by finding buyers among this growing crop of techies looking to put down roots here.
Find Houston Foreclosures on Auction.com
If an expedited purchase, price transparency, and bargains are what you are looking for as a real estate investor, you can explore Auction.com for foreclosure homes in Houston. The rate of foreclosure homes sold in Houston at auction grew over 3% Year-over-Year (YoY) for the first half of 2024, according to Auction.com data. A growing number of buyers showing interest in these properties presents a promising opportunity for you as an investor.
Houston is among the fastest growing cities in the US with a 9.77% growth in population between 2010 and 2021, as per Census.gov. This figure was higher than other fast-growing economic centers in Texas such as San Antonio, Dallas, and Corpus Christi. An increase in population is an increase in potential buyers or renters for the property you choose to invest in.
Real Estate Investment Destinations for Houston foreclosures
You may find affordable properties on Antoine Drive and Wilcrest Drive, while homes on Neartown-Montrose and in Midtown are considered to be in highly walkable localities. Neighborhoods along Bayglen Court and Stoneyway Drive consist of some homes for investors looking to bid on foreclosure properties. If you want to entice potential buyers looking for large built-up areas at affordable prices you may consider investing in properties located along Southlark Street, Rippling Fields Drive, and Sunny Drive.
Now, not every buyer wants to set up a home right in the central parts of a booming metropolis such as Houston. There’s no shortage of buyers in search of quaint suburban neighborhoods close to schools, wide open green spaces for outdoor activities, and tight-knit communities, while being just a stone’s throw away from their workplace. Some of Houston’s neighboring cities have sufficient residential inventory to help you capture these kinds of buyers.
(in order of distance from Houston)
Pasadena
Only about 13 miles away from downtown Houston and close to NASA’s Johnson Space Center, Pasadena is the second largest city in the Greater Houston Metro area. The city’s built-up area offers a mix of everything with plenty of green space and commercial zones, and with the Pasadena Economic Development Corporation’s (EDC) latest initiative, there are 400 new units in the works that will promote waterfront living.
Humble
Redfin’s August 2024 data showed that the median sale price for homes in Humble witnessed a 4% spike YoY, sparking good news for those looking to turn a profit from a home sale. You may find buyers on the lookout for outdoorsy indulgence, a slew of parks like Uptown, Schott, Timberwood, and Hirsch Memorial Parks offer plenty in open green space. Humble is only 20 miles away from the Skyline District, which is Houston’s employment hub.
Missouri City
About 22 miles away from Houston is Missouri City, which was named in a bid to appeal to buyers from the state of Missouri in the 1890s. Realtor.com’s housing market data for July 2024 shows that the median sales price per square foot went up 3.4% YoY. This city has a predominantly suburban residential makeup and enjoys convenient connectivity with Houston, Sugar Land, and Fresno via multiple highways.
Crosby
Several cost-effective, high-quality housing developments have been popping up in Crosby this year, with many more in the offing. Homes that are being offered are priced in the mid $200,000s and may be a step in the right direction to counter the nationwide shortage of affordable housing. This Harris County town is 24 miles away from Houston and is known for the communitywide enthusiasm for local sports events at the multiple baseball, soccer, and tennis facilities here.
Richmond
A little less than 30 miles away from Houston is the town of Richmond, the county seat of Fort Bend County. The city, which was the birthplace of some of the most celebrated 19th century pioneers, has been seeing multiple master planned communities coming up off the Grand Parkway (SH 99). Residential buildings consist of brick or wood bungalow-style architecture, reminiscent of mid-20th century homes. Home sales went through a 10% hike YoY as per Redfin’s August 2024 housing market data.
If you are interested in investment properties that can be acquired fast and at discounted prices in one of the fastest growing cities in the country, you can explore Houston foreclosures. You can find your next big investment on Auction.com, the premier online foreclosure marketplace that offers a transparent process and true market value on properties you may be interested in.
Links To Helpful tools:
- Remote Bid™: The future of Foreclosure auctions. Browse, bid, and win select Foreclosure properties from anywhere with ease. Qualify for Remote Bid™ or meet with a specialist today.
- Frequently Asked Questions: Find answers to frequently asked questions from Auction.com users.
- Foreclosure Home Properties Help Center: Navigate through a Foreclosure auction with confidence using our quick access guide. Learn terminology and catch up on state requirements. We have tailored sections for Foreclosure and REO properties.
- Real Estate Auction Calendar: Find real estate auction events in your area. Filter by state, asset type, and date to get a list of properties near you, or search Auction.com to start a list of properties with our useful filters.
- What is Auction.com? Find out what auction.com can do for you.
- Start your search! Visit the Auction.com search page to find all our foreclosure & bank-owned homes
The information in this blog post is being provided for informational purposes only and not for the purpose of providing legal or real estate investment advice, and no liability is assumed by Auction.com, LLC. with respect to such information.
