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Houston city, TX

ZIP 77023 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 77023

Median Home Value
$279,300
Median Rent
$939
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,794/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 77023 in Houston city, TX, a household would need roughly $77,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,794. That is about 54% above the local median household income ($50,018), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
44.4%-32% vs US avg
x
Vacancy Rate
13.7%+33% vs US avg
x
Broadband Access
77.1%-11% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
16.0%+25% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
24.1%-51% vs US avg
x
Mortgage-Free
56.9%+49% vs US avg
x
$279,300
Home Value
$939
Rent
1955
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.6%
  • 1-unit attached1.0%
  • 2-9 units20.9%
  • 10+ units18.8%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$279,300
Median rent$939
Owner-occupied44.4%
Vacant13.7%
Price-to-income5.6x
Est. income to buy$77,000