Market Snapshot
- Median listing price
- $294K
- Median rent
- $2,000/mo
- Days on market
- 164 days
- Gross rental yield
- 8.15%
- STR vs LTR
- $1,300/mo STR · $2,000/mo LTR
The median listing price in Houston, TX ZIP 77089 is $294,450 as of June 2026.
The median market rent in Houston, TX ZIP 77089 is $2,000/month as of June 2026.
The median days on market in Houston, TX ZIP 77089 is 164 days as of June 2026. The market is currently neutral.
At a median list price of $294,450 and a median rent of $2,000/month, the gross rental yield in Houston, TX ZIP 77089 is 8.15% as of June 2026.
In Houston, TX ZIP 77089, median Airbnb revenue is $1,300/month compared to median long-term rent of $2,000/month as of June 2026.
Houston, TX 77089 Real Estate Market Report
ZIP Code: 77089
Report Date: June 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.
Key Findings
- The primary indicator of recent market value is the median sold price of 245,014, which reflects completed transactions and, in the current context, aligns with the regional price trend that is down year-over-year.
- The median days on market is 164, indicating materially slower sales velocity and suggesting extended listing periods; this slower pace, combined with the observed supply relationship, may indicate pricing friction and longer negotiation windows.
- The gap between the median listing price of 294,450 and the median sold price of 245,014 points to seller expectations above recent transaction levels and may signal sellers need to adjust pricing or concessions to match realized market value.
- Rental and financing context: the median market rent is 2,000 while rent year-over-year trend is down, and interest rate pressure is elevated; this combination suggests weaker rent growth and continued financing headwinds that may temper buyer pool strength.
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.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Sold below market average
Sold below market average
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, 6.50% 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: 6/1/2026
Get personalized market intelligence
Explore real-time property analysis in Houston, TX: valuations, rental estimates, costs, and pro-forma projections.