As Houston, TX continues to expand, so does the demand for residential and commercial real estate in the nation's fourth largest city. Residential real estate options in Houston include condominiums, townhouses, houses and vacant land. Commercial properties such as office buildings, warehouses and light industrial space are also worth considering.
Where to Invest
The Houston-Galveston-Brazoria metropolitan statistical area contains more land area than the state of New Jersey. More than six million residents live in metropolitan Houston. Narrow down your search area as a first step to investing in Houston real estate. Common choices include everything from such urban neighborhoods as Montrose to idyllic suburbs such as Katy and the Woodlands. You also can choose to invest in beach communities like Kemah, Galveston and Point Bolivar.
Follow the Jobs
Houston is widely recognized as a major hub in the global energy industry, but health care is also a vital economic force. According to FuelFix.com, Houston's growth comes from the city's ability to attract companies that create jobs. Whether you're looking for commercial or residential property, consider investing near one of Houston's many job centers. The Texas medical center area, Galleria or the energy corridor along the Katy Freeway on the city's far west side provide viable real estate investment opportunities.
Houston has long been the poster child for suburban sprawl, but the city is rapidly becoming more urban. Over the past 10 years, in-fill projects in long neglected neighborhoods have created an energy and vitality close to downtown. Some of the greatest growth in Houston during this period has occurred "inside the loop" created by Interstate 610. As Houston continues to grow, eclectic urban neighborhoods in River Oaks and West University Place on the city's west side continue to be in demand.
Houston's East End neighborhood is poised for rapid growth with the recent completion of BBVA Compass Stadium, the new home of the Houston Dynamo soccer team. According to the Houston Business Journal, the stadium will serve as a catalyst to bring growth to this often overlooked neighborhood that sits in the shadow of downtown. Other factors that make the East End the place to invest include aggressive pricing and access to Buffalo Bayou, Houston's primary waterway.
Though it's almost 50 miles from Gulf of Mexico beaches, Houston offers the water lover a variety of real estate options. If the ocean and salt water appeal to you, consider investing in the Clear Lake area on the city's far southeast side. Clear Lake is home to NASA, whose scientists and engineers are drawn to the outdoor lifestyle. If airport access is important, check out Lake Houston on the city's northeast side. Lake Houston is just minutes from George Bush Intercontinental Airport.
Based in Indianapolis, Robert Sharpe is a writer and electronic media publisher. He has been covering career and business matters, environmental issues, sustainability and the economy since 2008. His work has appeared in "Texas Realtor" and other regional publications. Sharpe holds an M.B.A. in finance and accounting from Regis University in Denver.