Conroe Property Management

By putting a little distance between itself and Houston, Conroe Texas gets to be the seat of Montgomery County, and a popular destination for both new homeowners and property investors.

If you’re thinking about looking at top condition properties in the Conroe area, here’s a little useful information on the city and what it offers homebuyers.

Conroe area was named after the Union Cavalry officer Isaac Conroe, who came from Houston to establish a sawmill in this area in 1881. Because the area was surrounded by a piney wood forest, it became a high-demand location for the lumber industry.

Thanks to the contributions of the lumber industry (and of course, the oil boom of the late 1800s and early 1900s), the population steadily grew, and the town became wealthy.

The accumulating wealth of the city continued throughout the 1930s, when the city’s oil profits gave it a higher per-capita millionaire population than any other city in the nation.

Through the ensuing decades, the oil and lumber industries have remained, though the initial boom conditions have subsided.

For much of the latter part of the 20th century, and early 21st century, not much changed in Conroe TX. In 2007, however, a fresh boom of new home construction and population growth occurred.

The Conroe Independent School District covers a wide area, and is home to many elementary schools, middle schools, and high schools. There is also a handful of private schools.

Overall, the Conroe school district scores a 7 out of 10 on GreatSchools.org, which situates it well above the average. Conroe is also served by the Lone Star College system, primarily by the Lone Star College-Montgomery Campus and LSC University Center. The EMCID Center and the Conroe Center are additional options.

The median home value in Conroe is $134,284, and almost 40 percent of all residences in the area selling for between $119,000 and $238,000. Renters make up more than 50 percent of the market: the average rent is nearly $1,000 per unit.

This means the community is highly profitable for real estate industry investors who wish to manage rental properties.

In fact, almost a third of the listed real estate industry is apartment buildings.

About 40 percent of the homes in Conroe TX have been built since the year 2000, and another 47.7 percent were built between 1970 and 1999. Only 11.3 percent date back to between 1940 and 1969, and a mere 1 percent are earlier than 1939.

Despite possessing an interesting and long history, most of the residences in the Conroe TX area are relatively new. Home prices are currently on an appreciating trend.

Is Conroe Right for You?

So, is Conroe the right city for your next real estate industry investment? It may be if these qualities apply to you:

• You’re interested in a profitable rental. Since home prices are reasonable, rent prices fair to high, and a majority of the population renting, Conroe is a good place to purchase a rental property … and it’s attractive to potential renters as well.
• You’re trying to get away from the city. If you prefer to stay away from downtown Houston and desire a lower population density with more yard space and fewer neighbors, Conroe might have what you’re looking for. Some neighborhoods feature a tighter population density, but for the most part, Conroe is more rural than other Houston suburbs.
• You want a low-maintenance home. Since most of the homes have been built within the last 20 years, you shouldn’t have a problem finding a low-maintenance, high-quality home in Conroe.

This city doesn’t offer as many attractions as some of the other municipalities around Houston, but you can’t beat its new, appreciating real estate market.

If you’re ready to start looking at properties in Conroe or anywhere else in the greater Houston area, be sure to use Green Residential’s signature home search tool to narrow your search.