Houston, TX 77004 Real Estate Market Report

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

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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market value indicator, the median sold price, is $405,000, which represents the most reliable recent transaction signal and should be used ahead of asking prices when setting expectations; note the year-over-year direction is down, indicating price softening pressure.
2. Liquidity appears muted with a relatively slow sales velocity: the median days on market is 149, and the sample shows elevated inventory relative to sales activity, which may indicate greater negotiating leverage for buyers and increased time to close transactions.
3. There is observable pricing friction between seller expectations and recent sales: the median listing price is $412,000 versus the median sold price of $405,000, suggesting some sellers may need to adjust pricing or terms to achieve sales in the current environment.
4. Rental dynamics are stabilizing but softening—median market rent is $1,994 and rent year-over-year trend is down, while interest-rate conditions remain a headwind: current local mortgage rates are reported at 6.375% to 6.76%, higher than the early-2026 average of 5.99%, with moderate interest rate pressure.

Notable Properties

The following 6 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.