Hud Homes In Houston

Written by Jared Vincenti
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Houston is the fourth largest city in the United States, and the largest city in the state of Texas. There are two million people in the city proper, and about five million in the metropolitan area. It is interesting to note that Houston is one of few cities in the US that does not have zoning laws. Houston sees successful businesses in the energy (especially oil) industries, as well as in the space and technology divisions.

What to Know about Home Shopping in Houston

Houston is a rapidly growing city, and homes are modestly priced but appreciate quickly. An average Houston home goes for about $100,000--but rises in value almost twice as fast as a home anywhere else in the country. The standard of living in Houston is comparable to the national average, so a home in Houston is a wise investment.

Houston does have a significant minority population, but there are still government funds available to encourage minority home ownership in Houston. In fact, the Federal government has allocated $1.3 million dollars to Texan cities for these purposes. To see if you qualify for this assistance, contact HUD or a HUD-authorized real estate agent.

HUD homes can only be purchased through HUD-authorized agents. In Houston, HUD homes average about $50,000 to $120,000. Many of these are water damaged from recent flooding, though, and any investor should take the cost of repairs into account before placing a bid on a home.

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