Real Estate Market Update for 77022 (Houston, TX)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 56% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 26%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 40-thousand dollars. The number of units sold was consistent year-over-year, and decreased 22% 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 77022 (Houston, TX)
Area Information for 77022 (Houston, TX)
  • Population: 30,971
  • Median Age: 31 yr
  • Median Commute Time: 25.03 mins
  • Educational Climate*: 1
  • Sales Tax: 6.25%
  • Population Density: 5,303/sq mi
  • Population Change Since 2000: -.19%
  • Closest Airport: George Bush Intercontinental/houston
  • Closest College: University Of Houston-downtown
  • Closest Jr. College: Houston Community College
  • Median Household Income: $27,236
  • Annual Residential Turnover: 14.88%
  • Median Years in Residence: 3.36 yr
  • Median Home Sales Price: $62,500
  • Closest Major Sports Team: Astros
  • Change Avg. Household Income Since 2000: 16%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77022 (Houston, TX)
Median Age: 31 Married: 22% Number of Households: 9,987 Households with Children: 4,078
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 77022 (Houston, TX)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Janowski Elementary School 0.3 mi Public PRESCHOOL-5 1 3
      North Houston Early College High School 0.3 mi Public 9-11 4-5 3
      Burbank Middle School 0.6 mi Public 6-8 3-5 3
      Herrera Elementary School 0.8 mi Public PRESCHOOL-5 2 4
      Roosevelt Elementary School 0.8 mi Public PRESCHOOL-5 3-5 4
      Burbank Elementary School 1.1 mi Public PRESCHOOL-5 3 4
      Kipp Generations Collegiate 1.2 mi Public 9-11 0 0
      Kennedy Elementary School 1.2 mi Public PRESCHOOL-5 3 5
      St. Charles Borromeo School 1.2 mi Catholic PRESCHOOL-5 0 4
      Burrus Elementary School 1.3 mi Public PRESCHOOL-5 1 2
      Highpoint 1.4 mi Public 5-12 0 0
      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 77022 (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.