ZIP 77038 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77038 in the Houston housing market is $219,506, with a typical rent of $1,848 per month. That puts the local home-value-to-annual-rent ratio at 9.9.
Key stats
- ZIP 77038 is around the 34th percentile of tracked local ZIPs for home value.
- ZIP 77038 is around the 79th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 9.9.
- 57 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $219,506
- Typical rent
- $1,848
- Homes for sale
- 42
- Buyer competition
- 50
- New listings
- 14
- Homes going pending
- 8
- Listings with price cuts
- 23.5%
Price and rent in ZIP 77038
ZIP 77038 is around the 34th percentile of tracked local ZIPs for home value. ZIP 77038 is around the 79th percentile of tracked local ZIPs for rent.
ZIP 77038 home value & rent trend (past 12 months)
Typical home value fell 0.1% over the past 12 months, from $219,781 to $219,506. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.3% in January 2026.
Typical rent fell 1.3% over the last 8 months, from $1,872 to $1,848. It rose in 5 of 7 monthly readings. The largest monthly gain was +1.0% in July 2026.
How ZIP 77038 compares to Houston
ZIP 77038's typical home value is 12.1% below the Houston median of $249,757. ZIP 77038's typical rent is 19.1% above the Houston median of $1,551. ZIP 77038's buyer competition is 6.4% above the Houston median of 47.
Supply, pending activity, and competition
ZIP 77038 is around the 14th percentile of tracked local ZIPs for for-sale inventory. ZIP 77038 is around the 79th percentile of tracked local ZIPs for buyer competition. 57 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 36 and 61 — a 25-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77067, 77086, 77060, 77088.
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 77067 housing marketReview a nearby local market with the same core measures.
- ZIP 77086 housing marketReview a nearby local market with the same core measures.
- ZIP 77060 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.