Real Estate Market Update for 77018 (Houston, TX)
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was up 15% from one year earlier, and up 5% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 540-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 45%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 390-thousand dollars. The number of units sold decreased 15% year-over-year, and decreased 16% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 77018 (Houston, TX)
Area Information for 77018 (Houston, TX)
  • Population: 26,057
  • Median Age: 39.14 yr
  • Median Commute Time: 22.85 mins
  • Educational Climate*: 3
  • Sales Tax: 6.25%
  • Population Density: 3,936/sq mi
  • Population Change Since 2000: -1.88%
  • Closest Airport: George Bush Intercontinental/houston
  • Closest College: Houston Graduate School Of Theology
  • Closest Jr. College: Houston Community College
  • Median Household Income: $54,068
  • Annual Residential Turnover: 13.45%
  • Median Years in Residence: 4.36 yr
  • Median Home Sales Price: $292,406
  • Closest Major Sports Team: Astros
  • Change Avg. Household Income Since 2000: 24%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77018 (Houston, TX)
Median Age: 39.14 Married: 27% Number of Households: 10,911 Households with Children: 3,334
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77018 (Houston, TX)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Oak Forest Elementary School 0.5 mi Public PRESCHOOL-5 4-5 4
      Lutheran High North 0.8 mi Private 9-12 0 4
      St. Rose Of Lima Catholic School 0.8 mi Catholic PRESCHOOL-8 0 4
      Waltrip High School 0.8 mi Public 9-12 2 3
      Black Middle School 0.8 mi Public 6-8 1 2
      Durham Elementary School 0.9 mi Public PRESCHOOL-5 1 4
      Garden Oaks Elementary School 0.9 mi Public PRESCHOOL-6 2 4
      Harper Alternative School 1.0 mi Public 6-12 0 0
      Dominion Preparatory School & Child Development Center 1.0 mi Private PRESCHOOL-5 0 0
      New Heights Christian Academy 1.1 mi Private K-12 0 5
      Stevens Elementary School 1.2 mi Public PRESCHOOL-5 2 3
      Washington B T High School 1.7 mi Public 9-12 1 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 77018 (Houston, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.