The story of this market
The typical home in ZIP 77016 sells for about $220,000, or $157 per square foot.
Prices are down 6.4% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 77016 — Houston
The 77016 housing market is experiencing a cooling trend with home values declining year-over-year. High poverty rates and a significant renter population characterize the area, which remains somewhat competitive but faces downward price pressure.
This area is primarily suited for budget-conscious buyers and investors looking for entry-level housing options in the Houston market.
Median prices moved down 6.4% year over year.
Homes spend a median of 49 days on market with 3.2 months of supply — a fast-moving market.
3% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.2% · poverty 24.5% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 77016, Harris County TX
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).
The mean commute time for residents is approximately 28.7 minutes.
The local economy is tied to the broader Houston-Pasadena-The Woodlands metropolitan area, which features a diverse mix of energy, healthcare, and manufacturing industries.
Data retrieved from Census Reporter and data.census.gov profiles for ZCTA 77016.
- Downtown Aquarium4.18.1 mi
- Cidercade Houston4.57.9 mi
- Meow Wolf Houston's Radio Tave4.47 mi
- Children's Museum Houston4.611.1 mi
- Dave & Buster's Houston - Katy Fwy4.211.5 mi
- Reliant Stadium4.614.1 mi
- Daikin Park4.78.1 mi
- Toyota Center4.68.7 mi
- George R. Brown Convention Center4.58.5 mi
- POST Houston4.67.9 mi
- Houston Zoo4.611.6 mi
- Houston Museum of Natural Science4.811.2 mi
- Discovery Green4.78.5 mi
- Hermann Park4.711.7 mi
- The Museum of Fine Arts, Houston4.811.1 mi
- Houston Museum of Natural Science4.811.2 mi
- POST Houston4.67.9 mi
- The Museum of Fine Arts, Houston4.811.1 mi
- Meow Wolf Houston's Radio Tave4.47 mi
- Children's Museum Houston4.611.1 mi
- Discovery Green4.78.5 mi
- Hermann Park4.711.7 mi
- MemorialPark4.811.1 mi
- Buffalo Bayou Park4.78.4 mi
- Levy Park4.811.8 mi
- Memorial Park Golf Course and Driving Range4.510.4 mi
- East River 94.47.3 mi
- Puttery4.78.2 mi
- Cypresswood Golf Club4.112 mi
- Golf Club of Houston4.24.7 mi
- Deerbrook Mall4.310.3 mi
- The Houston Farmers Market4.46.3 mi
- Joe V's Smart Shop4.511.6 mi
- Marshalls & HomeGoods4.39.8 mi
- Tia Pancha4.36.3 mi
- George Bush Intercontinental Airport49.5 mi
- William P. Hobby Airport4.415 mi
- The St. James Restaurant & Cabaret3.89.9 mi
- Ember3.19.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).