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Houston city, TX

ZIP 77024 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 77024

Median Home Value
$1,164,400
Median Rent
$1,690
Affordability Snapshot
$321,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,480/mo PITI).

14%
Rent-to-Income Ratio

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

8.2x
Home Price-to-Income Ratio

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

57.4 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 77024 in Houston city, TX, a household would need roughly $321,000 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 $7,480. That is about 126% above the local median household income ($142,039), 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 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
62.1%-5% vs US avg
x
Vacancy Rate
13.3%+29% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
15.6%+5% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
15.3%-69% vs US avg
x
Mortgage-Free
54.0%+41% vs US avg
x
$1,164,400
Home Value
$1,690
Rent
1981
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached44.1%
  • 1-unit attached8.5%
  • 2-9 units8.1%
  • 10+ units39.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,164,400
Median rent$1,690
Owner-occupied62.1%
Vacant13.3%
Price-to-income8.2x
Est. income to buy$321,000