ZIP 77016 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77016 in the Houston housing market is $157,945, with a typical rent of $1,677 per month. That puts the local home-value-to-annual-rent ratio at 7.8.
Key stats
- ZIP 77016 is around the 4th percentile of tracked local ZIPs for home value.
- ZIP 77016 is around the 99th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 7.8.
- 71 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
- $157,945
- Typical rent
- $1,677
- Homes for sale
- 117
- Buyer competition
- 70
- New listings
- 24
- Homes going pending
- 17
- Listings with price cuts
- 27.2%
Price and rent in ZIP 77016
ZIP 77016 is around the 4th percentile of tracked local ZIPs for home value. ZIP 77016 is around the 60th percentile of tracked local ZIPs for rent.
ZIP 77016 home value & rent trend (past 12 months)
Typical home value fell 5.9% over the past 12 months, from $167,763 to $157,945. It rose in 1 of 11 monthly readings. The largest monthly gain was +0.0% in January 2026.
Typical rent fell 3.0% over the past 12 months, from $1,728 to $1,677. It rose in 3 of 11 monthly readings. The largest monthly gain was +2.4% in May 2026.
How ZIP 77016 compares to Houston
ZIP 77016's typical home value is 36.8% below the Houston median of $249,757. ZIP 77016's typical rent is 8.1% above the Houston median of $1,551. ZIP 77016's buyer competition is 48.9% above the Houston median of 47.
How fast homes sell in ZIP 77016
Homes in ZIP 77016 typically go pending in about 59 days — about 13% faster than the metro median of 68 days.
Supply, pending activity, and competition
ZIP 77016 is around the 48th percentile of tracked local ZIPs for for-sale inventory. ZIP 77016 is around the 99th percentile of tracked local ZIPs for buyer competition. 71 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 108 and 126 — a 18-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77050, 77093, 77028, 77078.
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 77050 housing marketReview a nearby local market with the same core measures.
- ZIP 77093 housing marketReview a nearby local market with the same core measures.
- ZIP 77028 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.