Houston Real Estate FAQ

Flood risk varies significantly by location. Homes in FEMA-designated flood zones require flood insurance for federally-backed mortgages. However, even homes outside flood zones can flood - Houston's flat terrain and clay soil make flooding unpredictable. We recommend flood insurance for all Houston homeowners regardless of zone.

Check FEMA's flood maps at msc.fema.gov. Your lender will also provide a flood determination. Ask for the property's flooding history and elevation certificate. The Harris County Flood Control District website has detailed flood information for the Houston area.

Costs vary widely based on flood zone, home value, and elevation. Homes in high-risk zones may pay $2,000-$5,000+ annually. Preferred-risk policies for low-risk areas start around $500-$700. Get quotes before buying to factor into your budget.

Top family neighborhoods include The Woodlands (Conroe ISD), Sugar Land (Fort Bend ISD), Katy (Katy ISD), Memorial (Spring Branch ISD), and Bellaire. School district quality is the primary factor - Fort Bend ISD, Katy ISD, and The Woodlands schools are highly rated.

Municipal Utility Districts (MUDs) fund infrastructure like roads, water, and drainage in newer developments. MUD taxes are added on top of regular property taxes and can range from 0.5% to over 1% of assessed value. Always verify the total tax rate including MUD when buying in suburbs.

Yes! Texas offers TSAHC (up to 5% down payment assistance), My First Texas Home, and the Houston Housing Authority homeownership programs. Harris County also offers assistance. Learn more about Houston first-time buyer programs.

Houston property taxes vary by location from 2-3.5%+ of assessed value. Harris County, Houston ISD or your local ISD, and any MUD combine for total rates. Suburbs with MUDs often have higher total rates. On a $400K home, expect $8,000-$14,000 annually depending on exact location.

The homestead exemption reduces your taxable value for your primary residence. You get at least $100,000 off for school taxes, plus additional exemptions from Harris County and the city. This can save thousands annually. You must apply after purchasing - it's not automatic.

Houston offers strong rental yields due to affordable prices relative to rents. The energy sector drives the economy, but healthcare (Texas Medical Center), aerospace (NASA), and the Port of Houston provide diversification. Cash flow opportunities are often better than Austin or Dallas. Read our Investment Guide.

Houston generally has more inventory than Austin or Dallas, giving buyers more options and negotiating power. Market conditions vary by neighborhood and price point. Energy sector fluctuations can impact demand. Contact us for current market analysis.

Oil and gas prices historically influence Houston's market. High energy prices boost demand in neighborhoods near the Energy Corridor. However, Houston has diversified - healthcare, tech, and aerospace now provide stability. Long-term fundamentals remain strong.