Market Snapshot
- Median listing price
- $1.50M
- Median rent
- $3,500/mo
- Days on market
- 52 days
- Gross rental yield
- 2.81%
- STR vs LTR
- $2,605/mo STR · $3,500/mo LTR
The median listing price in Houston, TX ZIP 77005 is $1,495,000 as of July 2026.
The median market rent in Houston, TX ZIP 77005 is $3,500/month as of July 2026.
The median days on market in Houston, TX ZIP 77005 is 52 days as of July 2026. The market is currently neutral.
At a median list price of $1,495,000 and a median rent of $3,500/month, the gross rental yield in Houston, TX ZIP 77005 is 2.81% as of July 2026.
In Houston, TX ZIP 77005, median Airbnb revenue is $2,605/month compared to median long-term rent of $3,500/month as of July 2026.
Houston, TX 77005 Real Estate Market Report
ZIP Code: 77005
Report Date: July 2026
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
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
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 in Houston are approximately 6.5% to 6.6%, reflecting a stable but elevated interest rate environment for property owners in this market compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The median sold price is the primary indicator of market value and recent transaction activity; however, a current median sold price is not available in the provided metrics, so context below relies on listing and snapshot metrics to infer recent market direction.
- The median listing price of $1,495,000 signals a high-end pricing band in this ZIP code; combined with a median price per square foot of $498, this suggests the market is transacting at premium unit values for SFR and condo product.
- The median days on market of 52 and the reported elevated inventory relative to sales in the analyzed sample suggest moderate sales velocity and some pricing friction that may require realistic pricing or concessions to close deals.
- Interest-rate and rent backdrops create mixed holding-cost signals: interest rate pressure: elevated with current 30-year fixed mortgage rates in Houston at approximately 6.5% to 6.6%, while rent growth is flat and price momentum is up in year-over-year trend—this combination suggests buyers face higher financing costs even as asking prices show upward pressure and rental upside is limited.
Notable Properties
The following 1 property 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.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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