The story of this market
The typical home in ZIP 77087 sells for about $235,000, or $185 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 77087 — Houston
The 77087 housing market remains stable, characterized by high demand for affordable housing options relative to the broader Houston metro area. Market activity is driven by first-time buyers and investors, with inventory levels remaining tight. Figures for specific metrics like active listings and price cuts are based on current market observations, while census data reflects the most recent available ACS vintages.
This ZIP is well-suited for first-time homebuyers and investors seeking affordable entry points into the Houston market, as well as renters looking for proximity to central employment hubs.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · 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 10.6%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 77087, Harris County TX
Crime rates in the 77087 area are generally higher than the national average, consistent with many urban neighborhoods in the Houston metropolitan region.
Schools serving the area are 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.
The area benefits from its proximity to major Houston employment hubs and industrial corridors, though large-scale new development is limited by existing density.
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 have direct access to major thoroughfares like I-45 and I-610, providing a standard commute to Downtown Houston and the Texas Medical Center.
The area features local neighborhood parks and is within a short drive of major Houston amenities, including shopping centers and community facilities.
The rental market is characterized by a high share of single-family rentals and older multi-family units, with steady demand driven by affordability.
The local economy is anchored by industrial, logistics, and retail sectors, benefiting from its strategic location near the Port of Houston and major highway arteries.
Development is primarily focused on infill residential projects and the revitalization of existing commercial corridors.
Parcels are subject to Houston ISD taxes and various municipal utility district assessments common in Harris County.
Property insurance premiums in this region are influenced by flood risk and the general volatility of the Texas coastal insurance market.
Data retrieved from US Census Bureau ZCTA-level tables.
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 community park featuring trails and sports facilities.
A major retail hub serving the surrounding neighborhoods.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.