🤠 Houston TX

Market Overview

Houston, TX can be a great place to invest in due to its robust economy, strong job market, and growing population. The city is home to several major employers in industries such as energy, healthcare, and aerospace, including companies like ExxonMobil, Memorial Hermann Health System, and NASA's Johnson Space Center. Houston also boasts a diverse range of cultural attractions and events, including the Houston Livestock Show and Rodeo, the Museum of Fine Arts, and the Space Center Houston. Overall, investing in Houston, TX can offer opportunities for stable and growing real estate markets in a city with a dynamic economy and rich cultural offerings. However, as with any investment, it is important to conduct thorough research and due diligence before making any decisions.

Mapping the City

Google Maps

Red - Rough neighborhoods in Houston $

Purple - Established rich people neighborhoods $$$. Correlates with Asian food

Yellow - Cheaper, up-and-coming suburbs. Families who want more backyard space + good schools $$

Neighborhoods with best appreciation

https://www.youtube.com/watch?v=f-iVAFzu4Ns - David Seeto on Fractional - LTR

https://www.youtube.com/watch?v=Q58j-NV6qxU - Fractional Laura Miranda STR

See 10:33 in video above

Top Employers

As of my knowledge cutoff in September 2021, the following were some of the top employers in Houston, Texas. Please note that specific employee counts may have changed since then, and it is recommended to consult the most recent reports or filings from each company or the Greater Houston Partnership for the most accurate data:

1. Texas Medical Center: The world's largest medical complex is located in Houston. It employs over 106,000 healthcare workers and researchers.
2. Houston Methodist Hospital: The Houston Methodist Hospital System, part of the Texas Medical Center, employs approximately 26,000 people.
3. Memorial Hermann Health System: This healthcare system has approximately 29,000 employees in the Houston area.
4. University of Texas MD Anderson Cancer Center: A world-renowned cancer treatment and research center that employs approximately 21,000 people.
5. ExxonMobil: In 2021, ExxonMobil employed around 14,000 people in Houston and the surrounding areas.
6. Shell Oil Company: As of 2021, Shell employed approximately 12,000 people in the Houston area.
7. Hewlett Packard Enterprise: HPE's move to Houston was in progress as of 2021, and they planned to have a significant presence in the city.
8. Houston Independent School District: As the largest school district in Texas, HISD employed approximately 27,000 people in 2021.
9. City of Houston: The city government had around 22,000 employees as of 2021.
10. United Airlines: Houston is a hub for United Airlines, with thousands of employees based at George Bush Intercontinental Airport.

Insider Tips (2022)

• You could honestly drive forever in Houston
• Higher property taxes than rest of Texas; also highest occupancy taxes in the nation (17%)
• One of the cheaper Chinatowns in the US (4th largest)
• Watch out for flood zones, which will require flood insurance (premiums will vary based on elevation certificate)
• Houston has no zoning laws, but has other forms of restrictions which can be just as frustrating

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