Houston is proud to be home to the University of Houston, Rice and Houston Community College. Many investors focus on college towns because they are great places to buy rental properties; demand is usually high, rental prices are high and vacancy rates remain low.
In Houston, this summer, the average home price was around $174,900 and rental prices averaged around $1,200 for a 2 bedroom home. The average mortgage payment would be $710.00 if you put 20% down and went with a 30 year fixed rate loan product!