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 $1,722,665, with a typical rent of $2,244 per month. That puts the local home-value-to-annual-rent ratio at 64.0.
Key stats
- ZIP 77005 is among the highest of tracked local ZIPs for home value.
- ZIP 77005 is around the 92nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 64.0.
- 96 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $1,722,665
- Typical rent
- $2,244
- Homes for sale
- 80
- Buyer competition
- 54
- New listings
- 24
- Homes going pending
- 23
- Listings with price cuts
- 19.8%
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 4.2% over the past 12 months, from $1,653,540 to $1,722,665. It rose in 9 of 11 monthly readings. The largest monthly gain was +1.1% in August 2026.
Typical rent rose 5.1% over the past 12 months, from $2,135 to $2,244. It rose in 7 of 11 monthly readings. The largest monthly gain was +2.5% in July 2026.
How ZIP 77005 compares to Houston
ZIP 77005's typical home value is 589.7% above the Houston median of $249,757. ZIP 77005's typical rent is 44.6% above the Houston median of $1,551. ZIP 77005's buyer competition is 14.9% above the Houston median of 47.
How fast homes sell in ZIP 77005
Homes in ZIP 77005 typically go pending in about 50 days — about 26% faster than the metro median of 68 days.
Supply, pending activity, and competition
ZIP 77005 is around the 27th percentile of tracked local ZIPs for for-sale inventory. ZIP 77005 is around the 92nd percentile of tracked local ZIPs for buyer competition. 96 homes went pending for every 100 new listings in the current reading. Supply contracted while buyer competition strengthened. Over the 12 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 77094Compare 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 by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.