The story of this market
The typical home in ZIP 77075 sells for about $290,000, or $165 per square foot.
Prices are down 8.23% 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 $1,720 a month.
ZIP 77075 — Houston
The 77075 housing market is currently experiencing a correction, with median home prices declining year-over-year while rental costs have surged. High interest rates and economic uncertainty are driving a slowdown in sales volume and an increase in days on market. Buyers remain cautious as the market adjusts to shifting affordability dynamics.
This ZIP code is well-suited for budget-conscious family buyers and renters seeking proximity to Houston's major employment centers without the premium costs of inner-loop neighborhoods.
Median prices moved down 8.2% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
22% 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 22.1% — 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 8.0%/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 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 77075, Harris County TX
Crime rates in the 77075 area are generally reported as higher than the national average, consistent with broader urban trends in the Houston metropolitan region.
Schools serving the area are primarily part of the Houston Independent School District, with performance ratings varying significantly across individual campuses.
The area is located within the Houston metropolitan region, which is subject to significant flood risks and requires careful consideration of flood insurance coverage.
Economic momentum is driven by proximity to major Houston employment hubs, including the Texas Medical Center and downtown industrial corridors.
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 typically rely on personal vehicles for commuting, with access to major highways like I-45 and Beltway 8 providing routes to downtown Houston.
The area features local community parks and is within a short drive of larger regional greenbelts and shopping centers in the southeast Houston area.
The rental market has seen significant year-over-year price growth, reflecting high demand and limited vacancy pressure in the local housing stock.
The local economy is anchored by the broader Houston industrial and service sectors, with significant employment opportunities in logistics, healthcare, and retail.
The area is served by a network of major highways and arterial roads, with limited public transit options compared to the urban core.
Development is focused on infill residential projects and commercial revitalization along major transit corridors.
The Harris Central Appraisal District manages property assessments for the area, utilizing annual market value updates.
Parcels are subject to various special districts, including school districts and municipal utility districts for water and sewage services.
Property insurance premiums in this region are influenced by flood risk exposure and the general volatility of the Texas coastal insurance market.
Data retrieved from US Census Bureau and Data Commons.
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.
A large regional park offering sports fields, trails, and picnic areas.
Major retail and dining hub serving the surrounding communities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.