The story of this market
The typical home in ZIP 77047 sells for about $274,918, or $168 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 15 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,126 a month.
ZIP 77047 — Houston
The 77047 housing market is currently experiencing a period of price stabilization with a year-over-year decline of 5.7%. Market activity remains steady with a low inventory of 52 active listings and a median days on market of 15, suggesting a balanced environment for buyers and sellers. The area continues to attract interest due to its relative affordability compared to the broader Houston metro area.
This ZIP is well-suited for families and commuters who prioritize proximity to the Texas Medical Center and Downtown Houston while seeking more affordable, newer-construction housing options.
Median prices moved down 5.7% year over year.
Homes spend a median of 15 days on market with 1.8 months of supply — a fast-moving market.
27% 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 6.8% · poverty 15.9% — a mixed stability 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 5.8%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 77047, Harris County TX
Crime trends in the 77047 area are generally consistent with broader Houston urban patterns, with property crime being the primary concern; specific comparative regional data is not determinable.
Schools serving the area are part of the Houston Independent School District, with performance ratings varying significantly by individual campus.
The area is subject to standard Gulf Coast flood and wind risks, with many properties located in designated flood zones requiring specialized insurance coverage.
Economic momentum is driven by proximity to the Texas Medical Center and major logistics corridors, with ongoing residential development in master-planned communities.
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 primarily commute via the South Freeway (SH 288) toward the Texas Medical Center and Downtown Houston, with limited public transit options.
The area features several neighborhood parks and proximity to the Sims Bayou Greenway, with retail and dining options concentrated along major arterial roads.
The rental market is characterized by a high share of single-family detached homes, with steady demand from commuters and families seeking suburban-style housing.
The local economy is heavily influenced by the Texas Medical Center and the logistics/industrial sectors located along the SH 288 corridor.
The area is served by the SH 288 highway corridor, which provides the primary access to major employment hubs in Houston.
Development is focused on infill residential projects and the expansion of existing master-planned communities.
The Harris Central Appraisal District manages property assessments for the area, typically updating values annually.
Parcels are subject to various MUDs and the Houston Independent School District, which impact the total tax burden.
Property insurance premiums are elevated due to regional flood and windstorm exposure, necessitating comprehensive coverage.
Data retrieved from Census Reporter and Neilsberg Research profiles for ZCTA 77047.
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.
- Great Wolf Lodge | Webster3.918.2 mi
- Downtown Aquarium4.111.7 mi
- Cidercade Houston4.511.6 mi
- Meow Wolf Houston's Radio Tave4.412.5 mi
- Children's Museum Houston4.68.7 mi
- Reliant Stadium4.66 mi
- Daikin Park4.711.4 mi
- Toyota Center4.610.9 mi
- George R. Brown Convention Center4.511 mi
- POST Houston4.611.8 mi
- Houston Zoo4.68.2 mi
- Houston Museum of Natural Science4.88.6 mi
- Discovery Green4.711 mi
- Hermann Park4.78 mi
- The Museum of Fine Arts, Houston4.88.9 mi
- Space Center Houston4.618.7 mi
- Houston Museum of Natural Science4.88.6 mi
- POST Houston4.611.8 mi
- The Museum of Fine Arts, Houston4.88.9 mi
- Meow Wolf Houston's Radio Tave4.412.5 mi
- Discovery Green4.711 mi
- Hermann Park4.78 mi
- MemorialPark4.811.8 mi
- Buffalo Bayou Park4.711.5 mi
- Gerald D. Hines Waterwall Park4.710.1 mi
- Memorial Park Golf Course and Driving Range4.512.2 mi
- East River 94.412.1 mi
- Wildcat Golf Club4.43.6 mi
- Puttery4.711.9 mi
- Hermann Park Golf Course4.38.2 mi
- The Galleria4.510.4 mi
- PlazAmericas4.110 mi
- Joe V's Smart Shop4.57.6 mi
- George Bush Intercontinental Airport427.6 mi
- William P. Hobby Airport4.48.3 mi
- The St. James Restaurant & Cabaret3.825.5 mi
- Ember3.127.2 mi
- Vida Taqueria3.827.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive hike and bike trails connecting to the broader Houston greenway system.
Local community park serving the residential neighborhoods in the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.