Real Estate Market Update for 77087 (Houston, TX)

Video: Real Estate Community Tour for 77087 (Houston, TX)

See Real estate community tour for 77087 (Houston, TX)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was stable from one year earlier, and down 17% 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 just under 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 86%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 120-thousand dollars. The number of units sold decreased 20% year-over-year, and decreased 64% 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.
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Map Information for 77087 (Houston, TX)
Area Information for 77087 (Houston, TX)
  • Population: 37,068
  • Median Age: 31.12 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 5,562/sq mi
  • Population Change Since 2000: 2.4%
  • Closest Airport: William P Hobby
  • Closest College: University Of Houston
  • Closest Jr. College: Houston Community College
  • Median Household Income: $37,655
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $104,029
  • Closest Major Sports Team: Houston Dynamo
  • Change Avg. Household Income Since 2000: 17.88%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77087 (Houston, TX)
Median Age: 31.12 Married: 33% Number of Households: 10,625 Households with Children: 4,425
    • 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 77087 (Houston, TX)

      School Name Distance Type Grades School Rating Parent Rating
      Golfcrest Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Seguin Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Houston Gateway Academy Inc Elite College Prep 0.8 mi Public PRESCHOOL-8 5 0
      Houston Gateway Academy 0.8 mi Public PRESCHOOL-12 5 0
      Cornelius Elementary School 0.8 mi Public PRESCHOOL-5 4 0
      Hartman Middle School 0.9 mi Public 6-8 2 0
      Gregg Elementary School 1.0 mi Public PRESCHOOL-5 1 0
      Brookline Elementary School 1.1 mi Public PRESCHOOL-5 2 0
      Cristo Rey Jesuit College Preparatory School - Houston 1.5 mi Catholic 9-12 0 3
      Our Lady Of Mount Carmel School 1.7 mi Catholic PRESCHOOL-8 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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 77087 (Houston, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.