The story of this market
The typical home in ZIP 77003 sells for about $413,000, or $215 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,900 a month.
ZIP 77003 — Houston
The 77003 housing market is currently stable, characterized by a median price of $413,000 and a moderate supply of inventory. While year-over-year prices have seen a slight decline, the area's ongoing redevelopment and proximity to downtown continue to attract urban buyers. Some figures, such as specific permit counts, were not available at the ZIP level and have been omitted.
This ZIP is ideal for young professionals and urban-focused buyers who prioritize proximity to downtown employment and nightlife over traditional suburban space.
Median prices moved down 2.4% year over year.
Homes spend a median of 78 days on market with 4.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 14.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 77003, Harris County TX
The area experiences higher property crime rates typical of urban core neighborhoods, though violent crime trends have shown stabilization efforts in recent years compared to broader Houston averages.
Schools serving the area are part of the Houston Independent School District, with performance ratings varying significantly across individual campuses.
The area is located in a low-lying region of Houston with significant exposure to flood risks during extreme weather events, necessitating mandatory flood insurance for many properties.
The area is experiencing rapid urban infill and redevelopment, driven by its proximity to downtown Houston and the expansion of the EaDo district as a major entertainment and residential hub.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents benefit from excellent access to the METRORail light rail system and major highway corridors including I-10 and I-69, providing efficient transit to the downtown employment core.
The area features proximity to Buffalo Bayou Park, numerous local breweries, and the vibrant dining and entertainment districts of EaDo and the historic Second Ward.
The rental market is highly active with a mix of modern luxury apartments and renovated historic units, experiencing moderate vacancy pressure due to high supply of new construction.
The economy is anchored by proximity to the downtown Houston central business district, with a strong mix of hospitality, professional services, and creative industries.
The area is well-served by the METRORail Green and Purple lines, facilitating high-frequency transit access to the city center and medical district.
Development is focused on high-density residential infill and the continued revitalization of historic industrial corridors.
The Harris Central Appraisal District manages property assessments, which are subject to annual review and protest cycles.
Parcels are subject to Houston ISD taxes and various municipal utility district assessments for infrastructure maintenance.
Property insurance premiums are elevated due to regional flood risk and the high cost of windstorm coverage in the Gulf Coast region.
Data retrieved from Census Bureau ZCTA profile and ACS tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Downtown Aquarium4.11.6 mi
- Cidercade Houston4.50.3 mi
- Meow Wolf Houston's Radio Tave4.41.3 mi
- Children's Museum Houston4.63.2 mi
- Dave & Buster's Houston - Katy Fwy4.27.6 mi
- Reliant Stadium4.66.2 mi
- Daikin Park4.70.7 mi
- Toyota Center4.61.1 mi
- George R. Brown Convention Center4.50.9 mi
- POST Houston4.61.5 mi
- Houston Zoo4.63.8 mi
- Houston Museum of Natural Science4.83.5 mi
- Discovery Green4.70.9 mi
- Hermann Park4.73.9 mi
- The Museum of Fine Arts, Houston4.83.4 mi
- Houston Museum of Natural Science4.83.5 mi
- POST Houston4.61.5 mi
- The Museum of Fine Arts, Houston4.83.4 mi
- Meow Wolf Houston's Radio Tave4.41.3 mi
- Children's Museum Houston4.63.2 mi
- Discovery Green4.70.9 mi
- Hermann Park4.73.9 mi
- MemorialPark4.85.9 mi
- Buffalo Bayou Park4.72 mi
- Gerald D. Hines Waterwall Park4.77.1 mi
- Memorial Park Golf Course and Driving Range4.55.5 mi
- East River 94.40.9 mi
- Wildcat Golf Club4.48.4 mi
- Puttery4.72.2 mi
- Golf Club of Houston4.212.8 mi
- The Galleria4.57.2 mi
- Memorial City Mall4.511.8 mi
- PlazAmericas4.110.8 mi
- The Houston Farmers Market4.44.5 mi
- George Bush Intercontinental Airport416.5 mi
- William P. Hobby Airport4.48.5 mi
- The St. James Restaurant & Cabaret3.815.2 mi
- Ember3.116.2 mi
- Vida Taqueria3.816.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Home to the Houston Dynamo and Dash, serving as a major anchor for the EaDo district.
Extensive green space and trail system providing recreational access along the bayou.
A hub for dining, nightlife, and arts, known for its repurposed industrial architecture.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).