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Los Angeles, CA

Last Updated:
December 2021

Awning's Take

The Houston MSA is Texas’ 2nd largest market, just behind Dallas. It is the hub of finance in Texas and the energy capital of the United States. Its home to world class sports franchises like the Houston Rockets and Houston Astros and maintains the largest international shipping port for the US. It has a broad industrial base, including the energy, manufacturing, aeronautics, and transportation sectors. According to Cushman & Wakefield, Houston is expected to have the second largest growth in population in the entire US, just behind Dallas.

Investing in Los Angeles

Humble is a growing, small city north of Houston. Its schools are average and it has a diversity of jobs in manufacturing, construction, retail, and dining. While its not an industry hub, its growth is supported by families who enjoy its proximity to Houston and low cost of living, family-friendly environment. Humble is relatively safe and we expect it to continue to benefit from Houston’s rapid growth, similar to other sub-markets bordering the massive city.

Quick Statistics

For the cash flow minded investor, Humble presents an incredibly exciting opportunity. Humble is expected to appreciate and see its rents grow with its close proximity to the Houston market. With cash returns of 4% to 7% in year 1 married to long term prospects of growth, a property in Humble could easily see an average cash on cash return of 10% over the next 10 years! It is one of the highest cash flow markets in TX and certainly the one that’s most adjacent to a major city.

Population Growth, Next 10 Years
Income Growth, Next 10 Years
Expected Appreciation, Next 10 Years
Industries
Rental Cap Rates
Typical Rental Property Prices

Life in Los Angeles

Humble is a growing, small city north of Houston. Its schools are average and it has a diversity of jobs in manufacturing, construction, retail, and dining. While its not an industry hub, its growth is supported by families who enjoy its proximity to Houston and low cost of living, family-friendly environment. Humble is relatively safe and we expect it to continue to benefit from Houston’s rapid growth, similar to other sub-markets bordering the massive city.

Local Hot Spots

For the cash flow minded investor, Humble presents an incredibly exciting opportunity. Humble is expected to appreciate and see its rents grow with its close proximity to the Houston market. With cash returns of 4% to 7% in year 1 married to long term prospects of growth, a property in Humble could easily see an average cash on cash return of 10% over the next 10 years! It is one of the highest cash flow markets in TX and certainly the one that’s most adjacent to a major city.

Work Areas

Houston has a number of areas with tons of employment opportunities. The 4 major work areas of Houston are Downtown Houston, Sugarland, Baytown, and Pearland and each has some differences we’ll explain below.

Downtown Houston

Home to blah blah ... boasts beautiful hiking trails, a cypress grove, a butterfly conservatory, and seasonal programs like a children’s story time in the garden.

Sugarland

Home to blah blah ... boasts beautiful hiking trails, a cypress grove, a butterfly conservatory, and seasonal programs like a children’s story time in the garden.

Industry & Employment

Humble’s close proximity to Downtown Houston allows residents access to opportunities that can be found in the heart of the city and being adjacent to the airport makes it a convenient place for those working there. Local opportunities are focused around traditional jobs (retail, food), education, as well as a lively construction and manufacturing industry,

A family-friendly suburb close to Downtown Houston’s robust employment opportunities
Humble has a plethora of small businesses that help with everything from construction to inspections to manufacturing.

A family-friendly suburb close to Downtown Houston’s robust employment opportunities
Humble has a plethora of small businesses that help with everything from construction to inspections to manufacturing.

A family-friendly suburb close to Downtown Houston’s robust employment opportunities
Humble has a plethora of small businesses that help with everything from construction to inspections to manufacturing.

Investment Opportunities in Los Angeles, CA

Humble is a growing, small city north of Houston. Its schools are average and it has a diversity of jobs in manufacturing, construction, retail, and dining. While its not an industry hub, its growth is supported by families who enjoy its proximity to Houston and low cost of living, family-friendly environment. Humble is relatively safe and we expect it to continue to benefit from Houston’s rapid growth, similar to other sub-markets bordering the massive city.

Current Deals

Listed 2 hours ago
12914 Westleigh Drive
Houston, TX  77077
3 Bd
2 Ba
1,534 Sq. ft
$225,000
Monthly rent
$1,820
Cap rate
4.7%
10-Yr return
18.1%
Neighborhood
A-
Schools
B

Past Sold Deals

Sold 2 hours ago
12914 Westleigh Drive
Houston, TX  77077
3 Bd
2 Ba
1,534 Sq. ft
$225,000
Monthly rent
$1,820
Cap rate
4.7%
10-Yr return
18.1%
Neighborhood
A-
Schools
B

Interested in buying a property in Los Angeles or anywhere else? Work with Awning to get connected with a licensed agent on our team. We’ll walk through your investment goals, help you find the best market and properties to invest in, and connect you with our vetted property management partners if you’re not interested in managing yourself. Get started by creating an account and filling out our intake form.

Market Trends

Current Rental Prices

Median rents reflect rental prices over the last 6 months in Humble. Rents have grown 15% in the last 6 months vs the previous 6 months.

$1,800
Median 2 Bed Rent
$2,400
Median 3 Bed Rent
$3,900
Median 4 Bed Rent

Average Home Value

The average home value of Humble is $200,000. Home prices have appreciated by 50% over the last decade versus 20% nationally. We project that the average price of a home in Humble will rise by 40% over the next decade to $280,000, while homes nationally will appreciate by 35%.

Demographic Trends

Population

According to the US Census, Humble’s population has grown 20% over the last 10 years to 15,436 people, while the US has seen population growth of 10%. Humble is projected to grow another 22% over the next decade to 18,000 people, compared to 14% growth nationally.

Average Household Income

According to the Bureau of Labor Statistics, the average household income in Humble is $35,000, up 20% over the last decade, compared to 15% growth in household income nationally. Humble’s household income is expected to growth by 25% over the next decade to $42,000 compared to 5% nationally.

Is Los Angeles, CA right for you?

There’s no doubt that great real estate investment opportunities exist in Humble, TX, though, depending on your goals, Humble may or may not be right for you. Humble is a great market for cash flow, with decent appreciation prospects, and medium level risk, given it’s proximity to Houston but lack of major industry locally. If you’d like to discover the best markets and properties for you, sign up for Awning and get connected with an Awning advisor.

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