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Houston, TX 77018 Real Estate Market Report

ZIP Code: 77018
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.

Analysis Window
12 Months
Total Properties Analyzed
103
Active Listings
100
Sold Properties
3

Market Metrics

Median Listing Price
$454,995
Median Sold Price
$479,000
Median Price per Sqft
$242/sqft

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

Median Market Rent
$2,495

Property Taxes

Property Tax Rate
1.19%

Liquidity & Velocity

Median Days on Market
185

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 77018 area are averaging 6.46%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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


Key Findings

  1. <b>Median sold price</b> is the primary indicator of market value and recent transaction activity, but a current median sold price is unavailable in the provided metrics, which may reflect a thin recent-sales sample or reporting lag; therefore analysis leans on listing-side and market-rate signals to interpret value.

  2. <b>Median listing price: $454,995</b> and <b>median price per square foot: $242</b> accompany a up price year-over-year trend, while the market temperature is neutral, suggesting modest price appreciation without strong seller leverage.

  3. <b>Median days on market: 185</b> combined with elevated inventory relative to sales in the analyzed sample suggests slower transaction velocity and increased pricing friction; this dynamic appears to shift negotiating leverage toward buyers and may lengthen time-to-contract.

  4. <b>Median market rent: $2,495</b> is present amid a down rent year-over-year trend, and moderate interest rate pressure alongside average 30-year fixed mortgage rates of <b>6.46%</b> may temper investor demand and keep rental growth constrained in the near term.


Notable Properties

The following 3 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

1630 Gardenia Dr, Houston, TX 77018
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
2 baths
1,758 sqft
$409,800
Oct 1, 2025
$233/sqft/sqft
308 E 36th St # A, Houston, TX 77018
Value

Sold below market average

3 beds
2 baths
1,894 sqft
$375,000
Jul 1, 2025
$198/sqft/sqft
391 days on market
2330 Saxon Dr, Houston, TX 77018
Premium

Sold above market average

3 beds
1 baths
1,254 sqft
$339,815
Oct 1, 2025
$271/sqft/sqft
259 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$490/mo
77018 Avg Rent
77018 Cost to Own
Rent$2,495
Own$2,985

20% down, 6.3% rate, 1.2% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

77018 Avg nightly rate
77018 Avg occupancy (days/year)
Nightly rate$161/night
Occupancy126 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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