ZIP 77002 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77002 in the Houston housing market is $245,336, with a typical rent of $1,853 per month. That puts the local home-value-to-annual-rent ratio at 11.0.
Key stats
- ZIP 77002 is around the 45th percentile of tracked local ZIPs for home value.
- ZIP 77002 is around the 61st percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 11.0.
- 45 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
- $245,336
- Typical rent
- $1,853
- Homes for sale
- 87
- Buyer competition
- 47
- New listings
- 11
- Homes going pending
- 5
- Listings with price cuts
- 21.5%
Price and rent in ZIP 77002
ZIP 77002 is around the 45th percentile of tracked local ZIPs for home value. ZIP 77002 is around the 80th percentile of tracked local ZIPs for rent.
ZIP 77002 home value & rent trend (past 12 months)
Typical home value fell 3.4% over the past 12 months, from $253,872 to $245,336. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.0% in November 2025.
Typical rent fell 0.3% over the past 12 months, from $1,858 to $1,853. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.2% in August 2026.
How ZIP 77002 compares to Houston
ZIP 77002's typical home value is 1.8% below the Houston median of $249,757. ZIP 77002's typical rent is 19.4% above the Houston median of $1,551.
Supply, pending activity, and competition
ZIP 77002 is around the 29th percentile of tracked local ZIPs for for-sale inventory. ZIP 77002 is around the 61st percentile of tracked local ZIPs for buyer competition. 45 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 65 and 88 — a 23-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77003, 77006, 77009, 77004.
Continue your market research
- Is the Houston Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Houston a Buyer's Market?Read the related local market analysis.
- Compare 77002 vs 77094Compare this market with another tracked ZIP or peer group.
- ZIP 77003 housing marketReview a nearby local market with the same core measures.
- ZIP 77006 housing marketReview a nearby local market with the same core measures.
- ZIP 77009 housing marketReview a nearby local market with the same core measures.
- Houston housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.