Real Estate Market Update for 77055 (Houston, TX)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 66% from one year earlier, and down 1% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 650-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 62%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 390-thousand dollars. The number of units sold increased 6% year-over-year, and decreased 11% 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 77055 (Houston, TX)
Area Information for 77055 (Houston, TX)
  • Population: 44,469
  • Median Age: 33.53 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 5,356/sq mi
  • Population Change Since 2000: 3.26%
  • Closest Airport: George Bush Intercontinental/houston
  • Closest College: University Of St Thomas-school Theology
  • Closest Jr. College: Itt Technical Institute-houston
  • Median Household Income: $47,850
  • Annual Residential Turnover: 16%
  • Median Home Sales Price: $500,000
  • Closest Major Sports Team: Houston Texans
  • Change Avg. Household Income Since 2000: 48.27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77055 (Houston, TX)
Median Age: 33.53 Married: 36% Number of Households: 14,965 Households with Children: 5,726
    • 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 77055 (Houston, TX)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St Mark Lutheran School 0.0 mi Private PRESCHOOL-8 0 4
      School Of The Woods 0.5 mi Private PRESCHOOL-12 0 4
      Ridgecrest Elementary School 0.8 mi Public K-5 1 4
      Vines Environmental Science Ctr 0.9 mi Public K-12 0 0
      The Bear Blvd School 0.9 mi Public PRESCHOOL-K 0 0
      The Regis School Of The Sacred Heart 1.0 mi Catholic PRESCHOOL-8 0 4
      Landrum Middle School 1.1 mi Public 6-8 1 4
      Kipp Courage College Preparatory School 1.1 mi Public 5-7 0 0
      The Lion Lane School 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Treasure Forest Elementary School 1.1 mi Public K-5 1 4
      Spring Branch Academy Of Choice 1.1 mi Public 6-12 0 5
      The Middle School At The Academy Of Choice 1.1 mi Public 6-8 0 0
      Cornerstone Academy 1.1 mi Public 6-8 5 4
      Spring Branch Ed Center 1.1 mi Public PRESCHOOL-12 0 0
      District Alternative Education Program 1.1 mi Public 1-12 0 0
      Central Christian Academy 1.4 mi Private PRESCHOOL-12 0 4
      Housman Elementary School 1.5 mi Public PRESCHOOL-5 1 4
      Early Childhood 1.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      The Houston Korean School 2.0 mi Private PRESCHOOL-7 0 0
      The Awty International School 2.2 mi Private PRESCHOOL-12 0 4
      Woodview Elementary School 2.4 mi Public PRESCHOOL-5 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: and Onboard Informatics © 2015
      Local Weather for 77055 (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.