ZIP 77007 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77007 in the Houston housing market is $500,368, with a typical rent of $1,907 per month. That puts the local home-value-to-annual-rent ratio at 21.9.
Key stats
- ZIP 77007 is around the 86th percentile of tracked local ZIPs for home value.
- ZIP 77007 is around the 4th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 21.9.
- 61 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $500,368
- Typical rent
- $1,907
- Homes for sale
- 440
- Buyer competition
- 39
- New listings
- 105
- Homes going pending
- 64
- Listings with price cuts
- 31.4%
Price and rent in ZIP 77007
ZIP 77007 is around the 86th percentile of tracked local ZIPs for home value. ZIP 77007 is around the 90th percentile of tracked local ZIPs for rent.
ZIP 77007 home value & rent trend (past 12 months)
Typical home value fell 3.6% over the past 12 months, from $519,124 to $500,368. It rose in 0 of 11 monthly readings.
Typical rent fell 0.6% over the past 12 months, from $1,918 to $1,907. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.3% in June 2026.
How ZIP 77007 compares to the metro
ZIP 77007's typical home value is 98.1% above the metro median of $252,640. ZIP 77007's typical rent is 23.0% above the metro median of $1,550. ZIP 77007's buyer competition is 17.0% below the metro median of 47.
How fast homes sell in ZIP 77007
Homes in ZIP 77007 typically go pending in about 78 days — about 18% slower than the metro median of 66 days.
Supply, pending activity, and competition
ZIP 77007 is among the highest of tracked local ZIPs for for-sale inventory. ZIP 77007 is around the 4th percentile of tracked local ZIPs for buyer competition. 61 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 371 and 440 — a 69-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77019, 77008, 77006, 77098.
Continue your market research
- Is Houston Housing Market Cooling?Read the related local market analysis.
- Is Houston a Buyer's Market?Read the related local market analysis.
- Compare 77007 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77007 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77007 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77019 housing marketReview a nearby local market with the same core measures.
- ZIP 77008 housing marketReview a nearby local market with the same core measures.
- ZIP 77006 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77007 Housing Market Overview FAQ
What is the typical home value in ZIP 77007?
The typical home value in ZIP 77007 is $500,368 in the latest monthly reading.
What is the typical rent in ZIP 77007?
Typical rent in ZIP 77007 is $1,907 per month.
What is the home-value-to-rent ratio in ZIP 77007?
ZIP 77007 has a home-value-to-annual-rent ratio of 21.9.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules