Real Estate Market Update for 77023 (Houston, TX)

Video: Real Estate Community Tour for 77023 (Houston, TX)

See Real estate community tour for 77023 (Houston, TX)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was stable from one year earlier, and down 25% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 38%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 29% year-over-year, and decreased 31% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
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Map Information for 77023 (Houston, TX)
Area Information for 77023 (Houston, TX)
  • Population: 29,282
  • Median Age: 32.38 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 5,374/sq mi
  • Population Change Since 2000: -9.84%
  • Closest Airport: William P Hobby
  • Closest College: University Of Houston
  • Closest Jr. College: Houston Community College
  • Median Household Income: $38,990
  • Annual Residential Turnover: 16%
  • Median Home Sales Price: $157,681
  • Closest Major Sports Team: Houston Dynamo
  • Change Avg. Household Income Since 2000: 25.88%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77023 (Houston, TX)
Median Age: 32.38 Married: 32% Number of Households: 9,236 Households with Children: 3,146
    • 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 77023 (Houston, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Henderson J Elementary School 0.1 mi Public PRESCHOOL-5 2 0
      Kipp Intrepid Preparatory School 0.4 mi Public 6-8 3 0
      Kipp East End 0.4 mi Public PRESCHOOL-4 4 0
      Queen Of Peace School 0.5 mi Catholic PRESCHOOL-8 0 0
      George I Sanchez High School 0.6 mi Public 6-12 0 0
      Carrillo Elementary School 0.7 mi Public PRESCHOOL-5 3 0
      Community Services-secondary 1.0 mi Public K-12 1 0
      Advanced Virtual Academy 1.0 mi Public 9-12 0 0
      Austin High School 1.0 mi Public 9-12 1 3
      Jackson Middle School 1.1 mi Public 6-8 0 2
      Eastwood Academy 1.2 mi Public 9-12 5 4
      Cage Elementary School 1.3 mi Public PRESCHOOL-5 3 0
      Project Chrysalis Middle School 1.3 mi Public 6-8 5 0
      Dora B Lantrip Elementary 1.7 mi Public PRESCHOOL-5 3 4
      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: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 77023 (Houston, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.