ZIP 77048 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77048 in the Houston housing market is $220,343, with a typical rent of $1,874 per month. That puts the local home-value-to-annual-rent ratio at 9.8.
Key stats
- ZIP 77048 is around the 34th percentile of tracked local ZIPs for home value.
- ZIP 77048 is around the 69th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 9.8.
- 43 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $220,343
- Typical rent
- $1,874
- Homes for sale
- 84
- Buyer competition
- 50
- New listings
- 21
- Homes going pending
- 9
- Listings with price cuts
- 27.1%
Price and rent in ZIP 77048
ZIP 77048 is around the 34th percentile of tracked local ZIPs for home value. ZIP 77048 is around the 85th percentile of tracked local ZIPs for rent.
ZIP 77048 home value & rent trend (past 12 months)
Typical home value fell 1.7% over the past 12 months, from $224,042 to $220,343. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.2% in October 2025.
Typical rent fell 2.6% over the past 12 months, from $1,925 to $1,874. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.4% in July 2026.
How ZIP 77048 compares to the metro
ZIP 77048's typical home value is 12.8% below the metro median of $252,640. ZIP 77048's typical rent is 20.9% above the metro median of $1,550. ZIP 77048's buyer competition is 6.4% above the metro median of 47.
Supply, pending activity, and competition
ZIP 77048 is around the 29th percentile of tracked local ZIPs for for-sale inventory. ZIP 77048 is around the 69th percentile of tracked local ZIPs for buyer competition. 43 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 67 and 87 — a 20-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77033, 77051, 77047, 77061.
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 77048 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77048 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77048 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77033 housing marketReview a nearby local market with the same core measures.
- ZIP 77051 housing marketReview a nearby local market with the same core measures.
- ZIP 77047 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77048 Housing Market Overview FAQ
What is the typical home value in ZIP 77048?
The typical home value in ZIP 77048 is $220,343 in the latest monthly reading.
What is the typical rent in ZIP 77048?
Typical rent in ZIP 77048 is $1,874 per month.
What is the home-value-to-rent ratio in ZIP 77048?
ZIP 77048 has a home-value-to-annual-rent ratio of 9.8.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules