The story of this market
The typical home in ZIP 77071 sells for about $311,046, or $123 per square foot.
Prices are down 33.3% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,023 a month.
ZIP 77071 — Houston
The 77071 housing market is currently characterized by a mix of affordability and investor challenges, with a median price of $311,046. While the area offers larger lots and established housing stock, elevated vacancy rates and recent price volatility suggest a cautious outlook for the near term. Market activity is driven by local revitalization efforts and the area's accessibility to major employment hubs.
This ZIP is well-suited for budget-conscious family buyers and investors seeking larger lots and square footage in an established community with urban accessibility.
Median prices moved down 33.3% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% 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 5.8% · poverty 13.3% — 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 8.9%/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 5.4%/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 77071, Harris County TX
The Brays Oaks area experiences crime rates consistent with urban Southwest Houston, with community organizations actively working to improve public safety and neighborhood security.
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 regional flood risks common to the Houston basin, necessitating standard flood insurance coverage for many residential properties.
Development momentum is driven by infrastructure improvements in the Brays Oaks community and ongoing efforts to revitalize established 1970s-era residential 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 major thoroughfares like the Sam Houston Tollway and US-90, providing access to the Texas Medical Center and Downtown Houston.
The area features access to local parks and greenbelts within the Brays Oaks community, with proximity to regional shopping and dining hubs in Southwest Houston.
The rental market shows moderate vacancy pressure with a diverse stock of single-family homes and apartment complexes, reflecting a mix of long-term residents and transient tenants.
The local economy is anchored by proximity to the Texas Medical Center and the diverse commercial corridors of Southwest Houston.
The area is served by a network of major highways including the Sam Houston Tollway, facilitating regional transit.
Development is focused on the revitalization of existing residential neighborhoods and commercial infill projects.
The Harris Central Appraisal District manages property assessments for all parcels within the ZIP code.
Parcels are subject to Houston ISD taxes and various municipal utility district assessments.
Property insurance premiums are influenced by regional flood and wind hazard exposure in the Houston area.
Texas continues to see positive net domestic migration, supporting long-term housing demand.
Texas operates under a non-judicial foreclosure process with relatively short timelines for lenders.
Sellers are required to provide a standard property disclosure notice detailing the condition of the home.
Data retrieved from Census Reporter and ACS 5-year estimates for ZCTA 77071.
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 Aquarium4.112.5 mi
- Cidercade Houston4.513.2 mi
- Meow Wolf Houston's Radio Tave4.413.8 mi
- Children's Museum Houston4.610 mi
- Dave & Buster's Houston - Katy Fwy4.210.4 mi
- Reliant Stadium4.67.4 mi
- Daikin Park4.712.8 mi
- Toyota Center4.612.2 mi
- George R. Brown Convention Center4.512.4 mi
- POST Houston4.612.7 mi
- Houston Zoo4.69.4 mi
- Houston Museum of Natural Science4.89.7 mi
- Discovery Green4.712.4 mi
- Hermann Park4.79.4 mi
- The Museum of Fine Arts, Houston4.89.8 mi
- Houston Museum of Natural Science4.89.7 mi
- POST Houston4.612.7 mi
- The Museum of Fine Arts, Houston4.89.8 mi
- Meow Wolf Houston's Radio Tave4.413.8 mi
- Children's Museum Houston4.610 mi
- Discovery Green4.712.4 mi
- Hermann Park4.79.4 mi
- MemorialPark4.89.7 mi
- Buffalo Bayou Park4.712.1 mi
- Gerald D. Hines Waterwall Park4.77.3 mi
- Topgolf Houston - Katy4.412.3 mi
- Memorial Park Golf Course and Driving Range4.510.4 mi
- Wildcat Golf Club4.46.5 mi
- Puttery4.712.3 mi
- Hermann Park Golf Course4.39.8 mi
- The Galleria4.57.5 mi
- Memorial City Mall4.59.4 mi
- First Colony Mall4.47 mi
- PlazAmericas4.14.3 mi
- CITYCENTRE4.69.6 mi
- George Bush Intercontinental Airport426.4 mi
- William P. Hobby Airport4.414.9 mi
- The St. James Restaurant & Cabaret3.823.3 mi
- Ember3.126.1 mi
- Vida Taqueria3.826.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Community park serving the local neighborhood with green space.
Historic shopping and dining district nearby.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).