ZIP 77023 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77023 in the Houston housing market is $249,636, with a typical rent of $1,397 per month. That puts the local home-value-to-annual-rent ratio at 14.9.
Key stats
- ZIP 77023 is around the 48th percentile of tracked local ZIPs for home value.
- ZIP 77023 is around the 27th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 14.9.
- 50 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
- $249,636
- Typical rent
- $1,397
- Homes for sale
- 96
- Buyer competition
- 45
- New listings
- 18
- Homes going pending
- 9
- Listings with price cuts
- 28.6%
Price and rent in ZIP 77023
ZIP 77023 is around the 48th percentile of tracked local ZIPs for home value. ZIP 77023 is around the 28th percentile of tracked local ZIPs for rent.
ZIP 77023 home value & rent trend (past 12 months)
Typical home value fell 5.6% over the past 12 months, from $264,510 to $249,636. It rose in 0 of 11 monthly readings.
Typical rent rose 0.2% over the past 12 months, from $1,394 to $1,397. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.4% in July 2026.
How ZIP 77023 compares to the metro
ZIP 77023's typical home value is 1.2% below the metro median of $252,640. ZIP 77023's typical rent is 9.9% below the metro median of $1,550. ZIP 77023's buyer competition is 4.3% below the metro median of 47.
Supply, pending activity, and competition
ZIP 77023 is around the 38th percentile of tracked local ZIPs for for-sale inventory. ZIP 77023 is around the 27th percentile of tracked local ZIPs for buyer competition. 50 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 85 and 96 — a 11-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77011, 77204, 77020, 77012.
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 77023 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77023 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77023 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77011 housing marketReview a nearby local market with the same core measures.
- ZIP 77204 housing marketReview a nearby local market with the same core measures.
- ZIP 77020 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77023 Housing Market Overview FAQ
What is the typical home value in ZIP 77023?
The typical home value in ZIP 77023 is $249,636 in the latest monthly reading.
What is the typical rent in ZIP 77023?
Typical rent in ZIP 77023 is $1,397 per month.
What is the home-value-to-rent ratio in ZIP 77023?
ZIP 77023 has a home-value-to-annual-rent ratio of 14.9.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules