ZIP 77005 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77005 in the Houston housing market is $1,729,857, with a typical rent of $2,307 per month. That puts the local home-value-to-annual-rent ratio at 62.5.
Key stats
- ZIP 77005 is among the highest of tracked local ZIPs for home value.
- ZIP 77005 is around the 64th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 62.5.
- 96 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
- $1,729,857
- Typical rent
- $2,307
- Homes for sale
- 81
- Buyer competition
- 49
- New listings
- 24
- Homes going pending
- 23
- Listings with price cuts
- 24.0%
Price and rent in ZIP 77005
ZIP 77005 is among the highest of tracked local ZIPs for home value. ZIP 77005 is around the 99th percentile of tracked local ZIPs for rent.
ZIP 77005 home value & rent trend (past 12 months)
Typical home value rose 3.1% over the last 11 months, from $1,678,115 to $1,729,857. It rose in 8 of 10 monthly readings. The largest monthly gain was +0.8% in July 2026.
Typical rent rose 3.5% over the last 11 months, from $2,229 to $2,307. It rose in 6 of 10 monthly readings. The largest monthly gain was +2.6% in July 2026.
How ZIP 77005 compares to Houston
ZIP 77005's typical home value is 584.7% above the Houston median of $252,640. ZIP 77005's typical rent is 48.8% above the Houston median of $1,550. ZIP 77005's buyer competition is 4.3% above the Houston median of 47.
How fast homes sell in ZIP 77005
Homes in ZIP 77005 typically go pending in about 42 days — about 36% faster than the metro median of 66 days.
Supply, pending activity, and competition
ZIP 77005 is around the 28th percentile of tracked local ZIPs for for-sale inventory. ZIP 77005 is around the 64th percentile of tracked local ZIPs for buyer competition. 96 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 11 readings on record, inventory moved between 75 and 99 — a 24-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77098, 77046, 77030, 77025.
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 77005 vs 77032Compare this market with another tracked ZIP or peer group.
- ZIP 77098 housing marketReview a nearby local market with the same core measures.
- ZIP 77046 housing marketReview a nearby local market with the same core measures.
- ZIP 77030 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 under our editorial policy. Spotted something wrong? Report a correction.