4 of 97 tracked Houston ZIPs still show rent acceleration, so the softening is uneven rather than citywide. Across tracked ZIPs the typical home value runs from $129,187 in 77054 to $1,722,665 in 77005 — a factor of 13.3. New-construction sales changed 3.16% year over year. The median tracked ZIP records about 64 pending homes per 100 new listings.
Key stats
- Across tracked ZIPs the typical home value runs from $129,187 in 77054 to $1,722,665 in 77005 — a factor of 13.3.
- The median tracked ZIP records about 64 pending homes per 100 new listings.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 13.4.
- New-construction sales changed 3.16% year over year.
- Tracked ZIP markets
- 97
- Median ZIP home value
- $249,757
- Median ZIP rent
- $1,551
- housing cost spread
- Across tracked ZIPs the typical home value runs from $129,187 in 77054 to $1,722,665 in 77005 — a factor of 13.3.
- new construction change
- New-construction sales changed 3.16% year over year.
- median pending flow
- The median tracked ZIP records about 64 pending homes per 100 new listings.
How broad is rent softening?
Metro new-construction sales changed 3.16% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.