ZIP 77031 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77031 in the Houston housing market is $252,038, with a typical rent of $1,738 per month. That puts the local home-value-to-annual-rent ratio at 12.1.
Key stats
- ZIP 77031 is around the 53rd percentile of tracked local ZIPs for home value.
- ZIP 77031 is around the 39th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 12.1.
- 100 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
- $252,038
- Typical rent
- $1,738
- Homes for sale
- 42
- Buyer competition
- 45
- New listings
- 7
- Homes going pending
- 7
- Listings with price cuts
- 25.2%
Price and rent in ZIP 77031
ZIP 77031 is around the 53rd percentile of tracked local ZIPs for home value. ZIP 77031 is around the 67th percentile of tracked local ZIPs for rent.
ZIP 77031 home value & rent trend (past 12 months)
Typical home value fell 2.4% over the past 12 months, from $258,179 to $252,038. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.1% in January 2026.
How ZIP 77031 compares to Houston
ZIP 77031's typical rent is 12.1% above the Houston median of $1,551. ZIP 77031's buyer competition is 4.3% below the Houston median of 47.
Supply, pending activity, and competition
ZIP 77031 is around the 14th percentile of tracked local ZIPs for for-sale inventory. ZIP 77031 is around the 39th percentile of tracked local ZIPs for buyer competition. 100 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 29 and 49 — a 20-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77071, 77074, 77036, 77099.
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 77071 housing marketReview a nearby local market with the same core measures.
- ZIP 77074 housing marketReview a nearby local market with the same core measures.
- ZIP 77036 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.