The housing market in 77071 Houston, TX is significantly higher than the national median, with the median value at $238,500. This is substantially higher than the US median of $338,100. The appreciation rate for homes in 77071 is also slightly higher than the national average; it stands at 11.28% compared to 8.27%. This means that the housing market in this area of Houston is growing faster than average and could be a great investment opportunity for those looking to buy or rent a home in this area.
The median home cost in Houston (zip 77071) is $238,500. Home appreciation the last 10 years has been 93.0%. Home Appreciation in Houston (zip 77071) is up 12.8%.
Average Age of Homes
- The median age of Houston (zip 77071) real estate is 39 years old
The Rental Market in Houston (zip 77071)
- Renters make up 41.6% of the Houston (zip 77071) population
- 4.3% of houses and apartments in Houston (zip 77071), 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.