ZIP 77031 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77031 in the Houston housing market is $255,727, with a typical rent of $1,705 per month. That puts the local home-value-to-annual-rent ratio at 12.5.
Key stats
- ZIP 77031 is around the 53rd percentile of tracked local ZIPs for home value.
- ZIP 77031 is around the 72nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.5.
- 114 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $255,727
- Typical rent
- $1,705
- Homes for sale
- 46
- Buyer competition
- 51
- New listings
- 7
- Homes going pending
- 8
- Listings with price cuts
- 28.9%
Price and rent in ZIP 77031
ZIP 77031 is around the 53rd percentile of tracked local ZIPs for home value. ZIP 77031 is around the 64th percentile of tracked local ZIPs for rent.
ZIP 77031 home value & rent trend (past 12 months)
Typical home value fell 2.6% over the past 12 months, from $262,511 to $255,727. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.1% in January 2026.
How ZIP 77031 compares to the metro
ZIP 77031's typical home value is 1.2% above the metro median of $252,640. ZIP 77031's typical rent is 10.0% above the metro median of $1,550. ZIP 77031's buyer competition is 8.5% above the metro median of 47.
Supply, pending activity, and competition
ZIP 77031 is around the 15th percentile of tracked local ZIPs for for-sale inventory. ZIP 77031 is around the 72nd percentile of tracked local ZIPs for buyer competition. 114 homes went pending for every 100 new listings in the current reading. Supply contracted while buyer competition strengthened. Over the 12 readings on record, inventory moved between 27 and 49 — a 22-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77071, 77074, 77036, 77099.
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 77031 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77031 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77031 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77071 housing marketReview a nearby local market with the same core measures.
- ZIP 77074 housing marketReview a nearby local market with the same core measures.
- ZIP 77036 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77031 Housing Market Overview FAQ
What is the typical home value in ZIP 77031?
The typical home value in ZIP 77031 is $255,727 in the latest monthly reading.
What is the typical rent in ZIP 77031?
Typical rent in ZIP 77031 is $1,705 per month.
What is the home-value-to-rent ratio in ZIP 77031?
ZIP 77031 has a home-value-to-annual-rent ratio of 12.5.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules