The story of this market
The typical home in ZIP 77042 sells for about $200,000, or $165 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 77042 — Houston
The 77042 housing market is currently experiencing a period of price stabilization with a significant volume of rental inventory. Market activity is driven by the area's role as a major employment hub, though high vacancy rates and cost-burdened renters remain notable challenges. Figures for specific metrics like sale-to-list ratio were not available at the ZIP level and are omitted.
This ZIP is well-suited for young professionals and commuters working in the Westchase business district, as well as renters seeking proximity to major employment hubs and urban amenities.
Median prices moved down 2.1% year over year.
Homes spend a median of 48 days on market with 4.2 months of supply — a fast-moving market.
19% 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 5.4% · poverty 17.7% — 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 6.3%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 77042, Harris County TX
Crime rates in the Westchase area are generally higher than the national average, with property crime being the most frequently reported issue in this urban Houston sector.
Schools serving the area are part of the Houston Independent School District, with performance ratings varying significantly across individual campuses.
The area is subject to flood risks associated with heavy rainfall events common in the Houston region, necessitating flood insurance for many properties.
The area is anchored by the Westchase District, a major business hub featuring numerous corporate headquarters and significant office space, driving steady employment demand.
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 the Sam Houston Tollway and Westpark Tollway, providing direct access to the Galleria and Downtown Houston employment centers.
The area features access to local parks such as Arthur Storey Park and proximity to the extensive shopping and dining corridors along Westheimer Road.
The rental market is characterized by high density and significant multi-family inventory, with steady demand driven by the nearby Westchase business corridor.
The economy is heavily influenced by the energy and professional services sectors, with the Westchase District serving as a primary employment anchor.
The area is served by major highway corridors including the Sam Houston Tollway and Westpark Tollway, facilitating regional connectivity.
Ongoing redevelopment of older commercial sites into mixed-use projects is a recurring theme in the Westchase area.
The Harris Central Appraisal District manages property assessments for the county, utilizing annual market value updates.
Parcels are subject to Houston ISD taxes and various municipal utility district assessments where applicable.
Property insurance premiums are elevated due to regional flood and wind exposure, requiring comprehensive coverage.
Data retrieved from Census Reporter and Houston State of Health portal.
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 Aquarium4.111.7 mi
- Cidercade Houston4.512.8 mi
- Meow Wolf Houston's Radio Tave4.412.9 mi
- Children's Museum Houston4.610.3 mi
- Typhoon Texas Waterpark Houston4.315.3 mi
- Reliant Stadium4.69.2 mi
- Daikin Park4.712.3 mi
- Toyota Center4.611.8 mi
- George R. Brown Convention Center4.512 mi
- POST Houston4.611.9 mi
- Houston Zoo4.610 mi
- Houston Museum of Natural Science4.810 mi
- Discovery Green4.712 mi
- Hermann Park4.710.1 mi
- The Museum of Fine Arts, Houston4.810 mi
- Houston Museum of Natural Science4.810 mi
- POST Houston4.611.9 mi
- The Museum of Fine Arts, Houston4.810 mi
- Meow Wolf Houston's Radio Tave4.412.9 mi
- Children's Museum Houston4.610.3 mi
- Discovery Green4.712 mi
- Hermann Park4.710.1 mi
- MemorialPark4.87.4 mi
- Buffalo Bayou Park4.711.1 mi
- Gerald D. Hines Waterwall Park4.75.8 mi
- Topgolf Houston - Katy4.47.1 mi
- Memorial Park Golf Course and Driving Range4.58.1 mi
- Wildcat Golf Club4.49.9 mi
- Puttery4.711.2 mi
- Hermann Park Golf Course4.310.5 mi
- The Galleria4.55.7 mi
- Memorial City Mall4.54 mi
- First Colony Mall4.410.1 mi
- PlazAmericas4.12.8 mi
- CITYCENTRE4.63.9 mi
- George Bush Intercontinental Airport422.6 mi
- William P. Hobby Airport4.417.6 mi
- The St. James Restaurant & Cabaret3.818.9 mi
- Ember3.122.3 mi
- Vida Taqueria3.822.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large public park with trails and green space.
Major commercial hub with dining and retail.
Extensive retail and restaurant options.
Key-figure check: median price diverges 30.0% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $140,000 (30.0% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $140,000 (-30% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.