The story of this market
The typical home in ZIP 77061 sells for about $220,000, or $127 per square foot.
Prices are down 10.2% from a year ago, which gives buyers more room to negotiate. Homes take about 128 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,900 a month.
ZIP 77061 — Houston
The 77061 housing market is currently experiencing a cooling phase, with median prices down 10.2% year-over-year and a significant increase in days on market. Sales volume has dropped sharply, reflecting a somewhat competitive but slowing environment. High price-cut activity suggests sellers are adjusting to shifting buyer demand.
This ZIP fits family buyers and commuters seeking an accessible location with neighborhood charm and proximity to major Houston employment hubs.
Median prices moved down 10.2% year over year.
Homes spend a median of 128 days on market with 5.1 months of supply — a slower-moving market.
95% of listings have cut prices · homes sell at 99% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 22.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 77061, Texas
The area faces a moderate wildfire risk, with 8% of properties at risk over the next 30 years.
The area is positioned for convenience with proximity to major thoroughfares like I-45 and Loop 610, facilitating access to downtown Houston.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00). State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the…
The ZIP is well-positioned for commuters, with direct access to I-45 and Loop 610 providing quick transit to downtown Houston.
The area features neighborhood charm and community-focused amenities, with proximity to local parks and city hotspots.
The rental market is characterized by a median house rent of approximately $1,900 for 3-bedroom homes.
The area benefits from its location in the southeastern quadrant of Houston, with an economy supported by proximity to major industrial and commercial corridors.
The area is served by major highway corridors including I-45 and Loop 610, which are central to the regional transit network.
The Harris County Appraisal District manages property assessments for the area.
Parcels are subject to various taxing jurisdictions including Harris County, the City of Houston, and local school districts.
Property insurance in the region is influenced by moderate wildfire risk and general Gulf Coast climate considerations.
Data sourced from U.S. Census Bureau and SimpleMaps 2026 database.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
An idyllic, historic neighborhood known for its 1950s and 1960s era homes and strong sense of community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.