The housing market in 77024 Houston, TX is quite impressive. The median value for housing in this area is currently at $1,092,100, which is significantly higher than the US house median value of $338,100. What really stands out, however, is the one-year appreciation rate for houses in this area which is 11.28%, compared to 8.27% across the nation. This indicates that housing prices are rapidly increasing in 77024 Houston and that the real estate market is very active.
The median home cost in Houston (zip 77024) is $1,092,100. Home appreciation the last 10 years has been 93.0%. Home Appreciation in Houston (zip 77024) is up 12.8%.
Average Age of Homes
- The median age of Houston (zip 77024) real estate is 41 years old
The Rental Market in Houston (zip 77024)
- Renters make up 27.2% of the Houston (zip 77024) population
- 4.8% of houses and apartments in Houston (zip 77024), 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.