Houston, TX 77004 Real Estate Market Report
ZIP Code: 77004
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in 77004 are 6.62% compared to the 6.42% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The most reliable indicator of recent transactions is the median sold price: $387,000, which anchors current market value and suggests that recent closings are tracking below asking expectations when compared to the median listing price: $399,900; this gap, alongside down year-over-year price momentum, suggests pricing friction between sellers and buyers.
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The market shows slower liquidity with a median days on market: 176, which appears consistent with down price trends and may indicate elevated inventory relative to sales contributing to longer sale timelines.
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Rental conditions are easing in place with a median market rent: $1,950 and a down rent year-over-year trend, suggesting softer rent growth even as demand components remain present.
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Financing and carrying cost pressure is a headwind: current 30-year fixed mortgage rates: 6.62% compared to 6.42% earlier in 2026, and interest rate pressure is characterized as elevated, which may constrain buyer purchasing power despite a neutral market temperature.
Notable Properties
The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold below market average
Sold below market average
Houston, TX 77004 Real Estate Market Report
ZIP Code: 77004
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in 77004 are 6.62% compared to the 6.42% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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median sold price is unavailable in the provided dataset, but use median sold price as the primary indicator of market value and recent transaction activity; given that, note the median listing price is $426,000 which may represent seller expectations versus actual transaction prices, and the overall down price year-over-year trend suggests realized sale prices are moving lower than recent asking prices.
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The median days on market is 173, indicating slower sales velocity and extended marketing periods; combined with a neutral market temperature, this suggests pricing friction and that sellers may need to adjust expectations to achieve timely transactions.
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Interest rate conditions are a headwind: interest rate pressure is elevated and reported mortgage rates are 6.62% versus an earlier 6.42%, which may further temper buyer purchasing power and contribute to down pricing momentum in the near term.
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Rental conditions are softening: median market rent is $2,100 and rent year-over-year trend is down, while the median price per square foot is $391, which together indicate rental cashflow stability is easing and investors should be cautious about near-term yield compression.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold above market average
Sold above market average
Sold above market average
Sold at market average
Sold above market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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