ZIP 77038 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77038 in the Houston housing market is $220,196, with a typical rent of $1,619 per month. That puts the local home-value-to-annual-rent ratio at 11.3.
Key stats
- ZIP 77038 is around the 33rd percentile of tracked local ZIPs for home value.
- ZIP 77038 is around the 89th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 11.3.
- 58 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $220,196
- Typical rent
- $1,619
- Homes for sale
- 38
- Buyer competition
- 56
- New listings
- 12
- Homes going pending
- 7
- Listings with price cuts
- 21.5%
Price and rent in ZIP 77038
ZIP 77038 is around the 33rd percentile of tracked local ZIPs for home value. ZIP 77038 is around the 57th percentile of tracked local ZIPs for rent.
ZIP 77038 home value & rent trend (past 12 months)
Typical home value fell 0.9% over the past 12 months, from $222,239 to $220,196. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.3% in January 2026.
Typical rent fell 2.0% over the last 7 months, from $1,651 to $1,619. It rose in 3 of 6 monthly readings. The largest monthly gain was +1.0% in July 2026.
How ZIP 77038 compares to the metro
ZIP 77038's typical home value is 12.8% below the metro median of $252,640. ZIP 77038's typical rent is 4.4% above the metro median of $1,550. ZIP 77038's buyer competition is 19.1% above the metro median of 47.
Supply, pending activity, and competition
ZIP 77038 is around the 11th percentile of tracked local ZIPs for for-sale inventory. ZIP 77038 is around the 89th percentile of tracked local ZIPs for buyer competition. 58 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 36 and 61 — a 25-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77067, 77086, 77060, 77088.
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 77038 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77038 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77038 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77067 housing marketReview a nearby local market with the same core measures.
- ZIP 77086 housing marketReview a nearby local market with the same core measures.
- ZIP 77060 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77038 Housing Market Overview FAQ
What is the typical home value in ZIP 77038?
The typical home value in ZIP 77038 is $220,196 in the latest monthly reading.
What is the typical rent in ZIP 77038?
Typical rent in ZIP 77038 is $1,619 per month.
What is the home-value-to-rent ratio in ZIP 77038?
ZIP 77038 has a home-value-to-annual-rent ratio of 11.3.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules