The story of this market
The typical home in ZIP 77023 sells for about $249,636, or $181 per square foot.
Prices are down 10.2% from a year ago, which gives buyers more room to negotiate. Homes take about 110 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,170 a month.
ZIP 77023 — Houston
The 77023 housing market is currently experiencing a correction, with median sale prices down 10.2% year-over-year to $291,250. Market activity has slowed significantly, as evidenced by the increase in median days on market to 110 days. Data for rent, tax rates, and specific school ratings were not available at the ZIP level.
The area fits buyers seeking a mix of historic charm and modern urban convenience, particularly those who value proximity to downtown Houston and an established, culturally diverse community.
Median prices moved down 10.2% year over year.
Homes spend a median of 110 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 77023, Harris County TX
The area is experiencing a blend of historic preservation and modern growth, with new townhome and single-family construction complementing established 1930s-1950s housing stock.
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 proximity to downtown Houston with direct access to major thoroughfares including I-45 and I-69.
The area features a rich architectural heritage and is located in the East End, providing access to local shops, cafes, and restaurants.
The local economy is anchored by its position as a residential hub for the East End, with strong ties to the nearby downtown Houston employment core.
The area is served by major highway corridors including I-45 and I-69, facilitating transit to the broader Houston metropolitan area.
Recent development activity is characterized by the infill of new townhomes and single-family residences within the existing urban fabric.
Data retrieved from HometownLocator and Census Bureau sources.
- Great Wolf Lodge | Webster3.917.9 mi
- Downtown Aquarium4.14.8 mi
- Cidercade Houston4.53.7 mi
- Meow Wolf Houston's Radio Tave4.44.6 mi
- Children's Museum Houston4.64.3 mi
- Reliant Stadium4.66 mi
- Daikin Park4.74 mi
- Toyota Center4.63.9 mi
- George R. Brown Convention Center4.53.8 mi
- POST Houston4.64.8 mi
- Houston Zoo4.64.5 mi
- Houston Museum of Natural Science4.84.5 mi
- Discovery Green4.73.9 mi
- Hermann Park4.74.4 mi
- The Museum of Fine Arts, Houston4.84.6 mi
- Space Center Houston4.617.1 mi
- Houston Museum of Natural Science4.84.5 mi
- POST Houston4.64.8 mi
- The Museum of Fine Arts, Houston4.84.6 mi
- Meow Wolf Houston's Radio Tave4.44.6 mi
- Discovery Green4.73.9 mi
- Hermann Park4.74.4 mi
- MemorialPark4.88.5 mi
- Buffalo Bayou Park4.75.1 mi
- Gerald D. Hines Waterwall Park4.78.9 mi
- Memorial Park Golf Course and Driving Range4.58.3 mi
- East River 94.43.6 mi
- Wildcat Golf Club4.47.4 mi
- Puttery4.75.4 mi
- Hermann Park Golf Course4.34 mi
- The Galleria4.59.1 mi
- PlazAmericas4.112 mi
- The Houston Farmers Market4.47.9 mi
- Joe V's Smart Shop4.512.5 mi
- George Bush Intercontinental Airport419.5 mi
- William P. Hobby Airport4.45.1 mi
- The St. James Restaurant & Cabaret3.818.5 mi
- Ember3.119.2 mi
- Vida Taqueria3.819.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historically significant neighborhood known for its architectural heritage.
Historically designated neighborhood with established homes and mature trees.
Key-figure check: median price diverges 16.7% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $291,250 (+16.7% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.