Zip 77031 (Houston, TX) Housing

The 77031 Houston, TX area has a median housing value of $248,600 which is significantly lower than the national median value of $338,100. Despite that difference, the 1 year house appreciation rate in 77031 Houston, TX is higher than the national average at 11.28% versus 8.27%. This indicates that home values in this area are increasing faster than other areas around the country and could be a great opportunity for potential home buyers or investors.

The median home cost in Houston (zip 77031) is $248,600. Home appreciation the last 10 years has been 93.0%. Home Appreciation in Houston (zip 77031) is up 12.8%.

Average Age of Homes

- The median age of Houston (zip 77031) real estate is 42 years old

The Rental Market in Houston (zip 77031)

- Renters make up 49.7% of the Houston (zip 77031) population
- 11.3% of houses and apartments in Houston (zip 77031), 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	Houston, Texas	United States
	6,756.0	139,647,020.0
	45	42
	$248,600	$338,100
	12.8%	16.6%
	35.3%	57.0%
	93.0%	101.1%
	$14.52	$10.98
	$2,594	$2,690
	38.2%	57.4%
	11.8%	11.2%
	50.0%	31.4%
Vacant Housing
	11.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.0%	2.4%
	1.1%	2.8%
	1.0%	3.9%
	0.6%	4.5%
	15.0%	11.3%
	48.2%	13.0%
	28.1%	20.1%
	2.9%	13.6%
	0.0%	8.3%
	0.1%	9.7%
	0.0%	3.9%
	2.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.3%	13.6%
	8.3%	13.6%
	6.3%	13.6%
	11.3%	13.2%
	61.4%	14.8%
	6.3%	13.6%
	3.2%	10.0%
	1.9%	4.7%
	1.8%	12.2%

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