DEALPULSE RESEARCH ZIP 77044 MARKET REPORT
ZIP CODE 77044 // HOUSTON-THE WOODLANDS-SUGAR LAND, TX // DATA AS OF 2026-09-30

Houston, TX (77044) Rental Property Cap Rate & Cash Flow Report

Located in Harris County (Houston, TX), Zip Code 77044 ranks #63 of 500 within this selected sample (88th percentile) with a Zillow ZHVI typical home-value index of $284,438 (-2.2% YoY) and a ZORI observed market rent of $1,859/mo (-0.2% YoY). Requires at least 36.0% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.

Net Monthly Cash Flow -$288/mo Annual: -$3,454/yr
Modeled Cap Rate 4.85% NOI: $13,805/yr
Cash-on-Cash Return -5.28% Cash Needed: $65,421
1% Rule Ratio 0.65% Gross Yield: 7.84%
Break-Even Rent $2,190/mo State Tax: 1.47%/yr
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INTERACTIVE PRO-FORMA STATEMENT (ZIP 77044 BENCHMARK) Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TX Avg 1.47%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I) -$1,438/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves) -$709/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (77044)
Year ZHVI Value ZORI Rent Gross Yield
2021 $257,575 $1,676/mo 7.81%
2022 $303,134 $1,761/mo 6.97%
2023 $296,985 $1,828/mo 7.39%
2024 $294,493 $1,833/mo 7.47%
2025 $290,746 $1,864/mo 7.69%
2026 $284,438 $1,859/mo 7.84%
COMPARABLE U.S. RENTAL MARKETS
Zip / City Price Rent Cap Rate Cash Flow
77493 Katy, TX $335,766 $2,197/mo 4.86% -$338/mo
75211 Cockrell Hill, TX $222,799 $1,469/mo 4.91% -$214/mo
77840 College Station, TX $286,872 $1,848/mo 4.76% -$314/mo
79936 El Paso, TX $224,897 $1,440/mo 4.71% -$254/mo
76179 Fort Worth, TX $315,813 $2,018/mo 4.70% -$360/mo
78504 McAllen, TX $263,666 $1,684/mo 4.70% -$301/mo