The story of this market
The typical home in ZIP 77006 sells for about $632,068, or $325 per square foot.
Prices are down 8.2% from a year ago, which gives buyers more room to negotiate. Homes take about 80 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,645 a month.
ZIP 77006 — Houston
The 77006 housing market is currently experiencing a cooling phase, evidenced by a year-over-year price decline and a slower sales pace. High inventory levels relative to demand have shifted the market toward a buyer's advantage. These conditions are driven by broader economic headwinds and a correction following previous rapid price appreciation.
This ZIP is ideal for young professionals and urban-focused buyers who prioritize proximity to employment hubs and cultural amenities over suburban space.
Median prices moved down 8.2% year over year.
Homes spend a median of 80 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.8% — 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 4.8%/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 5.3%/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 77006, Harris County TX
The area experiences higher property crime rates typical of dense urban Houston neighborhoods, though violent crime remains concentrated in specific pockets.
Schools serving the area are part of the Houston Independent School District, with performance varying significantly by specific campus and program offerings.
The ZIP code is located in a low-lying urban area with significant exposure to flash flooding during heavy rainfall events common in the Houston region.
The area benefits from proximity to the Texas Medical Center and Downtown Houston, driving consistent demand for high-density infill 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 excellent access to Downtown Houston and the Texas Medical Center via major thoroughfares like I-69 and local transit corridors.
The area is anchored by the historic Montrose district, featuring numerous local parks, eclectic dining, and proximity to the Museum District.
The rental market is robust with a mix of older apartment stock and new luxury townhomes, though vacancy pressure has increased slightly due to new supply.
The local economy is heavily influenced by the nearby Texas Medical Center and the Downtown Houston business district.
The area is served by METRO bus routes and is highly accessible to major highway interchanges.
Ongoing redevelopment of older residential lots into multi-family and luxury townhome projects remains the primary development trend.
Harris Central Appraisal District manages assessments, which are subject to annual protests and homestead exemptions.
Parcels are subject to Houston ISD taxes and various municipal utility district assessments.
Property insurance premiums are elevated due to regional flood and windstorm risk profiles.
Data retrieved from data.census.gov ZCTA-level 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 Aquarium4.11.9 mi
- Cidercade Houston4.52.7 mi
- Meow Wolf Houston's Radio Tave4.43.2 mi
- Children's Museum Houston4.61.4 mi
- Dave & Buster's Houston - Katy Fwy4.25.5 mi
- Reliant Stadium4.64.2 mi
- Daikin Park4.72.2 mi
- Toyota Center4.61.7 mi
- George R. Brown Convention Center4.51.9 mi
- POST Houston4.62.1 mi
- Houston Zoo4.61.9 mi
- Houston Museum of Natural Science4.81.5 mi
- Discovery Green4.71.9 mi
- Hermann Park4.72 mi
- The Museum of Fine Arts, Houston4.81.2 mi
- Houston Museum of Natural Science4.81.5 mi
- POST Houston4.62.1 mi
- The Museum of Fine Arts, Houston4.81.2 mi
- Meow Wolf Houston's Radio Tave4.43.2 mi
- Children's Museum Houston4.61.4 mi
- Discovery Green4.71.9 mi
- Hermann Park4.72 mi
- MemorialPark4.83.6 mi
- Buffalo Bayou Park4.71.6 mi
- Gerald D. Hines Waterwall Park4.74.4 mi
- Memorial Park Golf Course and Driving Range4.53.4 mi
- East River 94.43.6 mi
- Wildcat Golf Club4.46.7 mi
- Puttery4.71.9 mi
- Hermann Park Golf Course4.32 mi
- The Galleria4.54.5 mi
- Memorial City Mall4.59.3 mi
- PlazAmericas4.18 mi
- CITYCENTRE4.610.6 mi
- The Houston Farmers Market4.44.7 mi
- George Bush Intercontinental Airport417.5 mi
- William P. Hobby Airport4.49.5 mi
- The St. James Restaurant & Cabaret3.815.5 mi
- Ember3.117.1 mi
- Vida Taqueria3.817.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
World-renowned art museum located in the heart of Montrose.
Extensive urban green space with trails and skyline views.
Major corridor known for diverse restaurants and boutique retail.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).