ZIP 77047 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77047 in the Houston housing market is $251,839, with a typical rent of $1,935 per month. That puts the local home-value-to-annual-rent ratio at 10.8.
Key stats
- ZIP 77047 is around the 49th percentile of tracked local ZIPs for home value.
- ZIP 77047 is around the 76th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 10.8.
- 64 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
- $251,839
- Typical rent
- $1,935
- Homes for sale
- 160
- Buyer competition
- 52
- New listings
- 42
- Homes going pending
- 27
- Listings with price cuts
- 27.3%
Price and rent in ZIP 77047
ZIP 77047 is around the 49th percentile of tracked local ZIPs for home value. ZIP 77047 is around the 93rd percentile of tracked local ZIPs for rent.
ZIP 77047 home value & rent trend (past 12 months)
Typical home value fell 2.1% over the past 12 months, from $257,285 to $251,839. It rose in 0 of 11 monthly readings.
Typical rent fell 0.3% over the past 12 months, from $1,941 to $1,935. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.1% in February 2026.
How ZIP 77047 compares to the metro
ZIP 77047's typical rent is 24.8% above the metro median of $1,550. ZIP 77047's buyer competition is 10.6% above the metro median of 47.
How fast homes sell in ZIP 77047
Homes in ZIP 77047 typically go pending in about 70 days — about 6% slower than the metro median of 66 days.
Supply, pending activity, and competition
ZIP 77047 is around the 68th percentile of tracked local ZIPs for for-sale inventory. ZIP 77047 is around the 76th percentile of tracked local ZIPs for buyer competition. 64 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 135 and 160 — a 25-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77051, 77045, 77048, 77033.
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 77047 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77047 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77047 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77051 housing marketReview a nearby local market with the same core measures.
- ZIP 77045 housing marketReview a nearby local market with the same core measures.
- ZIP 77048 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77047 Housing Market Overview FAQ
What is the typical home value in ZIP 77047?
The typical home value in ZIP 77047 is $251,839 in the latest monthly reading.
What is the typical rent in ZIP 77047?
Typical rent in ZIP 77047 is $1,935 per month.
What is the home-value-to-rent ratio in ZIP 77047?
ZIP 77047 has a home-value-to-annual-rent ratio of 10.8.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules