Zip 77551 (Galveston, TX) Housing

The housing market in 77551 Galveston, TX is performing well above the average market. The median value of a house in 77551 Galveston, TX is $276,100, which is significantly lower than the US median value of $338,100. However, the 1 year appreciation rate for houses in 77551 Galveston is 12.95%, much higher than the national rate of 8.27%. This indicates that the housing market in 77551 Galveston is much more favorable for buyers and sellers than other areas in the country.

The median home cost in Galveston (zip 77551) is $276,100. Home appreciation the last 10 years has been 111.3%. Home Appreciation in Galveston (zip 77551) is up 15.9%.

Average Age of Homes

- The median age of Galveston (zip 77551) real estate is 43 years old

The Rental Market in Galveston (zip 77551)

- Renters make up 37.8% of the Galveston (zip 77551) population
- 4.2% of houses and apartments in Galveston (zip 77551), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Galveston, Texas	United States
	10,876.0	139,647,020.0
	47	42
	$276,100	$338,100
	15.9%	16.6%
	56.2%	57.0%
	111.3%	101.1%
	$13.96	$10.98
	$2,826	$2,690
	40.2%	57.4%
	14.4%	11.2%
	45.4%	31.4%
Vacant Housing
	4.2%	1.9%
	1.1%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	4.8%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.5%	2.4%
	1.0%	2.8%
	6.6%	3.9%
	3.9%	4.5%
	18.3%	11.3%
	18.9%	13.0%
	25.0%	20.1%
	9.7%	13.6%
	3.7%	8.3%
	10.3%	9.7%
	1.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	6.1%	13.6%
	19.4%	13.2%
	23.1%	14.8%
	6.1%	13.6%
	12.1%	10.0%
	6.4%	4.7%
	7.2%	12.2%

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