The market has grown a lot in the past few years. There are many pockets in Houston. The luxury market in the energy corridor is hurt by the oil prices for example. The mid range market (150-250k) is pretty much going well everywhere. We actually do investments for our own account and clients from the suburbs to gentrification neighboorhood in Eado. Feel free to contact for a more in depth answer and check out my blog which covers this topic.
One of the great things about Houston is that there are several areas that are great for investments, price range, rate of return and amount of work/timeline are the determining factors Tate will help a client determine which area would be best for each client.
Rubina, HAR publishes in their monthly statistics a reports that shows hotness. This simple report shows the ratio of closed properties to number of listings by area. If you believe that price is driven by supply vs. demand in a specific area, watch for trends in this report as this might help you to determine which areas have opportunity to increase value.
With this being a Seller's market, it is hard to find any are that is undervalued. The best way to get a property undervalued is to seek out properties that are in some sort of distress. Foreclosures, short sales and maybe tax sales. That is where I have seen the best opportunities for a nice ROI.
Kelly Jackson
REMAX Southwest
281-207-5068
There are lots of areas in Houston it depends on how long of an investment and desired results. Over the course of time most Real Estate has room for growth as an investment as long as you wait long enough through the valleys and peaks of the market.Example Short term deals in established neighborhoods with great schools is conservative but guaranteed. A riskier but better reward would be Long term projected growth areas example East Downtown or areas near public transit, undeveloped areas on the cusp, areas that will be provoked by consumer trends. Personal opinion