The story of this market
The typical home in ZIP 77005 sells for about $340,000, or $137 per square foot.
Prices are roughly flat from a year ago (+0.6%), a market in balance. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $2,181 a month.
This ZIP has no home sales of its own, so its market figures come from Houston, Texas (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 77005 — Houston
The 77005 housing market remains highly competitive, driven by its proximity to major employment hubs and top-tier school districts. Despite broader economic shifts, property values in this area have shown resilience and consistent appreciation. Demand continues to outpace supply, maintaining a strong seller's market environment.
This ZIP is ideal for affluent families, medical professionals, and academics who prioritize proximity to major institutions and high-quality school districts.
Median prices moved up 0.6% year over year.
Homes spend a median of 42 days on market with 6.3 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 4.2% — 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 5.2%/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 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 77005, Harris County TX
The area generally experiences lower crime rates compared to the broader Houston metropolitan average, with property crime being the primary concern.
The ZIP is served by highly-rated public schools within the Houston Independent School District, consistently recognized for academic excellence.
The area is subject to flood risk associated with heavy rainfall events common in the Houston region; flood insurance is highly recommended for property owners.
Proximity to the Texas Medical Center and Rice University drives consistent economic demand and high-value residential development.
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 enjoy a central location with short commute times to major employment hubs like the Texas Medical Center, Downtown Houston, and the Galleria area.
The area features extensive access to Rice Village for shopping and dining, as well as proximity to Hermann Park and the Museum District.
The rental market is robust with high demand from professionals and students, leading to steady rent growth and low vacancy rates.
The economy is anchored by the Texas Medical Center, Rice University, and proximity to the Downtown Houston business district.
Ongoing infill development and luxury residential renovations characterize the current planning landscape.
Parcels are subject to Houston ISD taxes and various municipal utility district assessments where applicable.
Property insurance premiums are influenced by regional flood risk and historical storm activity in the Gulf Coast area.
Data retrieved from Census Bureau ZCTA profiles.
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 Aquarium4.14.9 mi
- Cidercade Houston4.55.7 mi
- Meow Wolf Houston's Radio Tave4.46.2 mi
- Children's Museum Houston4.62.7 mi
- Dave & Buster's Houston - Katy Fwy4.25.2 mi
- Reliant Stadium4.62.6 mi
- Daikin Park4.75.2 mi
- Toyota Center4.64.7 mi
- George R. Brown Convention Center4.54.9 mi
- POST Houston4.65.1 mi
- Houston Zoo4.62.4 mi
- Houston Museum of Natural Science4.82.4 mi
- Discovery Green4.74.9 mi
- Hermann Park4.72.5 mi
- The Museum of Fine Arts, Houston4.82.4 mi
- Houston Museum of Natural Science4.82.4 mi
- POST Houston4.65.1 mi
- The Museum of Fine Arts, Houston4.82.4 mi
- Meow Wolf Houston's Radio Tave4.46.2 mi
- Children's Museum Houston4.62.7 mi
- Discovery Green4.74.9 mi
- Hermann Park4.72.5 mi
- MemorialPark4.83.4 mi
- Buffalo Bayou Park4.74.5 mi
- Gerald D. Hines Waterwall Park4.72.3 mi
- Memorial Park Golf Course and Driving Range4.53.8 mi
- East River 94.46.6 mi
- Wildcat Golf Club4.44.8 mi
- Puttery4.74.7 mi
- Hermann Park Golf Course4.32.9 mi
- The Galleria4.52.5 mi
- Memorial City Mall4.57.8 mi
- PlazAmericas4.15.2 mi
- CITYCENTRE4.68.9 mi
- The Houston Farmers Market4.47.1 mi
- George Bush Intercontinental Airport419.7 mi
- William P. Hobby Airport4.410.5 mi
- The St. James Restaurant & Cabaret3.817.2 mi
- Ember3.119.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A premier outdoor shopping and dining district serving the local community.
A major urban park featuring gardens, a zoo, and recreational trails.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%). Coherence hold-out: this pass's median price ($1,500,000) sat outside the 0.25–4× band around Harris County's retained level and was not stored.