ZIP 77007 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77007 in the Houston housing market is $492,785, with a typical rent of $1,907 per month. That puts the local home-value-to-annual-rent ratio at 21.5.
Key stats
- ZIP 77007 is around the 86th percentile of tracked local ZIPs for home value.
- ZIP 77007 is around the 6th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 21.5.
- 65 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
- $492,785
- Typical rent
- $1,907
- Homes for sale
- 445
- Buyer competition
- 41
- New listings
- 94
- Homes going pending
- 61
- Listings with price cuts
- 32.4%
Price and rent in ZIP 77007
ZIP 77007 is around the 86th percentile of tracked local ZIPs for home value. ZIP 77007 is around the 86th percentile of tracked local ZIPs for rent.
ZIP 77007 home value & rent trend (past 12 months)
Typical home value fell 3.5% over the past 12 months, from $510,474 to $492,785. It rose in 0 of 11 monthly readings.
Typical rent rose 0.1% over the past 12 months, from $1,905 to $1,907. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.6% in August 2026.
How ZIP 77007 compares to Houston
ZIP 77007's typical home value is 97.3% above the Houston median of $249,757. ZIP 77007's typical rent is 22.9% above the Houston median of $1,551. ZIP 77007's buyer competition is 12.8% below the Houston median of 47.
How fast homes sell in ZIP 77007
Homes in ZIP 77007 typically go pending in about 83 days — about 22% slower than the metro median of 68 days.
Supply, pending activity, and competition
ZIP 77007 is among the highest of tracked local ZIPs for for-sale inventory. ZIP 77007 is around the 6th percentile of tracked local ZIPs for buyer competition. 65 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 371 and 445 — a 74-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77019, 77008, 77006, 77098.
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.
- All Houston ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 77019 housing marketReview a nearby local market with the same core measures.
- ZIP 77008 housing marketReview a nearby local market with the same core measures.
- ZIP 77006 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.