The 6-foot-1, 194-pound athlete took advantage of the NCAA's relatively new financial agreement signing rule, with plans to graduate in December and enroll at the university in January.
"I love the University of Houston. I'm excited to officially be apart of the family, and I can't wait to get down to Houston," Hicks said after signing.
"I'll be able to throw the football and help go win games and a conference championship."
The quarterback threw for 3,741 yards and 36 touchdowns this season, leading the Panthers to a 9-3 record. He also had 168 rushing yards for three additional touchdowns.
Earlier this summer, Hicks was selected to compete at the prestigious Elite 11 quarterback finals, held at Nike headquarters, and came away as one of the event's top surprises, finishing second overall to Alabama commit Blake Barnett.
While in Oregon, Hicks spoke with Scout national analyst Chad Simmons about his decision to choose to play for Houston.
"I love the family atmosphere. I love Coach [Tony] Levine; we have a great connection. I actually had a great connection with all the coaches and players when I went down there. It's close to home; I can go see my parents and my family can come down there to watch me play. The offense gels with me," he said at the event.
"We throw the ball the whole time [at Midway], so I'll be able to throw the football and help go win games and a conference championship," he said.