ZIP 77016 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77016 in the Houston housing market is $157,488, with a typical rent of $1,709 per month. That puts the local home-value-to-annual-rent ratio at 7.7.
Key stats
- ZIP 77016 is around the 4th percentile of tracked local ZIPs for home value.
- ZIP 77016 is around the 97th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 7.7.
- 58 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $157,488
- Typical rent
- $1,709
- Homes for sale
- 111
- Buyer competition
- 63
- New listings
- 26
- Homes going pending
- 15
- Listings with price cuts
- 24.5%
Price and rent in ZIP 77016
ZIP 77016 is around the 4th percentile of tracked local ZIPs for home value. ZIP 77016 is around the 66th percentile of tracked local ZIPs for rent.
ZIP 77016 home value & rent trend (past 12 months)
Typical home value fell 6.3% over the past 12 months, from $168,098 to $157,488. It rose in 1 of 11 monthly readings. The largest monthly gain was +0.0% in January 2026.
Typical rent fell 2.2% over the past 12 months, from $1,748 to $1,709. It rose in 4 of 11 monthly readings. The largest monthly gain was +2.5% in May 2026.
How ZIP 77016 compares to the metro
ZIP 77016's typical home value is 37.7% below the metro median of $252,640. ZIP 77016's typical rent is 10.2% above the metro median of $1,550. ZIP 77016's buyer competition is 34.0% above the metro median of 47.
Supply, pending activity, and competition
ZIP 77016 is around the 47th percentile of tracked local ZIPs for for-sale inventory. ZIP 77016 is around the 97th percentile of tracked local ZIPs for buyer competition. 58 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 108 and 126 — a 18-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77050, 77093, 77028, 77078.
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 77016 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77016 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77016 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77050 housing marketReview a nearby local market with the same core measures.
- ZIP 77093 housing marketReview a nearby local market with the same core measures.
- ZIP 77028 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77016 Housing Market Overview FAQ
What is the typical home value in ZIP 77016?
The typical home value in ZIP 77016 is $157,488 in the latest monthly reading.
What is the typical rent in ZIP 77016?
Typical rent in ZIP 77016 is $1,709 per month.
What is the home-value-to-rent ratio in ZIP 77016?
ZIP 77016 has a home-value-to-annual-rent ratio of 7.7.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules