ZIP 77047 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77047 in the Houston housing market is $249,521, with a typical rent of $1,951 per month. That puts the local home-value-to-annual-rent ratio at 10.7.
Key stats
- ZIP 77047 is around the 49th percentile of tracked local ZIPs for home value.
- ZIP 77047 is around the 61st percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 10.7.
- 60 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $249,521
- Typical rent
- $1,951
- Homes for sale
- 170
- Buyer competition
- 47
- New listings
- 42
- Homes going pending
- 25
- Listings with price cuts
- 27.3%
Price and rent in ZIP 77047
ZIP 77047 is around the 49th percentile of tracked local ZIPs for home value. ZIP 77047 is around the 90th percentile of tracked local ZIPs for rent.
ZIP 77047 home value & rent trend (past 12 months)
Typical home value fell 1.9% over the past 12 months, from $254,445 to $249,521. It rose in 0 of 11 monthly readings.
Typical rent fell 0.1% over the past 12 months, from $1,952 to $1,951. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.1% in May 2026.
How ZIP 77047 compares to Houston
ZIP 77047's typical rent is 25.7% above the Houston median of $1,551.
Supply, pending activity, and competition
ZIP 77047 is around the 73rd percentile of tracked local ZIPs for for-sale inventory. ZIP 77047 is around the 61st percentile of tracked local ZIPs for buyer competition. 60 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 135 and 170 — a 35-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77051, 77045, 77048, 77033.
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 77051 housing marketReview a nearby local market with the same core measures.
- ZIP 77045 housing marketReview a nearby local market with the same core measures.
- ZIP 77048 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.