Market Snapshot
- Median listing price
- $310K
- Median rent
- $2,000/mo
- Days on market
- 35 days
- Gross rental yield
- 7.75%
The median listing price in Houston, TX ZIP 77083 is $309,750 as of August 2026.
The median market rent in Houston, TX ZIP 77083 is $2,000/month as of August 2026.
The median days on market in Houston, TX ZIP 77083 is 35 days as of August 2026. The market is currently neutral.
At a median list price of $309,750 and a median rent of $2,000/month, the gross rental yield in Houston, TX ZIP 77083 is 7.75% as of August 2026.
Houston, TX 77083 Real Estate Market Report
ZIP Code: 77083
Report Date: August 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
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 the Houston 77083 area are averaging approximately 6.625%, reflecting the broader market trend of rates remaining elevated throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market value indicator is the median sold price of 255,907, which reflects recent transaction activity and should be the primary reference when setting or evaluating offers; representative recent sale.
- There is a notable spread between the median listing price of 309,750 and the median sold price of 255,907, which suggests pricing friction and indicates sellers’ asking expectations are currently higher than realized transaction prices.
- Median days on market of 35 combined with elevated inventory relative to sales activity suggests slower sales velocity, which may require more conservative time-to-close assumptions and targeted marketing to improve liquidity.
- Interest rate pressure is elevated and local 30-year fixed mortgage rates are approximately 6.625%, while price year-over-year trend is flat and rent year-over-year trend is flat, implying that financing costs are a present headwind even as market temperature remains neutral.
Notable Properties
The following 5 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
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below 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, 6.67% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 8/16/2026
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