The housing market in Houston, TX (zip code 77022) is highly attractive. The median value of a home in the area is $206,600 which is much lower than the national median value of $338,100. Furthermore, the yearly appreciation rate for homes in the area is 11.28%, higher than the national average of 8.27%. This trend suggests that now is an excellent time to purchase a home in this area as it shows promise for increased future value.
The median home cost in Houston (zip 77022) is $206,600. Home appreciation the last 10 years has been 93.0%. Home Appreciation in Houston (zip 77022) is up 12.8%.
Average Age of Homes
- The median age of Houston (zip 77022) real estate is 57 years old
The Rental Market in Houston (zip 77022)
- Renters make up 43.7% of the Houston (zip 77022) population
- 5.6% of houses and apartments in Houston (zip 77022), 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.