The median value of housing in 77040 Houston, TX is $262,200, which is significantly lower than the US house median value of $338,100. However, this area has seen a higher rate of house appreciation over the past year at 11.28%, compared to the US average of 8.27%. This suggests that although Houston housing may be slightly more affordable than the national average, it is still a desirable place to invest for those looking to capitalize on real estate prices.
The median home cost in Houston (zip 77040) is $262,200. Home appreciation the last 10 years has been 93.0%. Home Appreciation in Houston (zip 77040) is up 12.8%.
Average Age of Homes
- The median age of Houston (zip 77040) real estate is 31 years old
The Rental Market in Houston (zip 77040)
- Renters make up 41.3% of the Houston (zip 77040) population
- 2.4% of houses and apartments in Houston (zip 77040), 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.