The story of this market
The typical home in ZIP 77024 sells for about $1,162,000, or $385 per square foot.
Prices are up +42.3% from a year ago, so sellers still have some momentum. Homes take about 81 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,491 a month.
ZIP 77024 — Houston
The 77024 housing market remains a high-value, luxury-focused enclave with significant year-over-year price appreciation. While sales volume has moderated, the area maintains strong demand for premium properties, supported by its proximity to major employment hubs and top-rated schools. Note that some specific metrics like active inventory and price cuts are based on current portal snapshots and may fluctuate.
This ZIP is ideal for affluent families and professionals seeking proximity to major employment centers, top-tier schools, and established luxury neighborhoods.
Median prices moved up 42.3% year over year.
Homes spend a median of 81 days on market with 2.6 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 96.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.3% — a stable, low-distress 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 5.2%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 77024, Harris County TX
The area generally experiences lower crime rates compared to the broader Houston metropolitan region, though property crime remains a standard urban concern.
The ZIP is served by highly-rated public schools within the Spring Branch Independent School District, which is widely regarded for its academic performance.
The area is subject to flood risks associated with the Buffalo Bayou corridor and requires careful consideration of flood insurance zones.
Economic momentum is driven by its proximity to the Energy Corridor and major employment hubs in West Houston, with ongoing luxury residential redevelopment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. 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… 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) — 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).
Residents benefit from direct access to the Katy Freeway (I-10) and the Sam Houston Tollway, providing efficient transit to Downtown Houston and the Energy Corridor.
The area features extensive green space including Terry Hershey Park and Memorial Park, alongside high-end shopping and dining at Memorial City Mall and Town & Country Village.
The rental market is characterized by high demand for luxury single-family homes and townhomes, with limited vacancy pressure due to the area's desirability.
The local economy is anchored by the energy, healthcare, and professional services sectors, with significant employment density in the nearby Energy Corridor.
The area is heavily reliant on private vehicle transit via I-10 and Beltway 8, with limited public transit infrastructure.
Development is focused on high-density luxury residential infill and the modernization of existing commercial retail centers.
The Harris Central Appraisal District manages property assessments, which are subject to annual protests and market value adjustments.
Parcels are subject to Spring Branch ISD taxes and various municipal utility district assessments where applicable.
Property insurance premiums are elevated due to regional flood and windstorm exposure, necessitating comprehensive coverage.
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Data retrieved from Census Reporter ZCTA 77024 profile.
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.
- Downtown Aquarium4.18.8 mi
- Cidercade Houston4.510.1 mi
- Meow Wolf Houston's Radio Tave4.410 mi
- Children's Museum Houston4.68.5 mi
- Dave & Buster's Houston - Katy Fwy4.23.1 mi
- Reliant Stadium4.68.7 mi
- Daikin Park4.79.6 mi
- Toyota Center4.69.3 mi
- George R. Brown Convention Center4.59.5 mi
- POST Houston4.69 mi
- Houston Zoo4.68.4 mi
- Houston Museum of Natural Science4.88.3 mi
- Discovery Green4.79.4 mi
- Hermann Park4.78.5 mi
- The Museum of Fine Arts, Houston4.88.1 mi
- Houston Museum of Natural Science4.88.3 mi
- POST Houston4.69 mi
- The Museum of Fine Arts, Houston4.88.1 mi
- Meow Wolf Houston's Radio Tave4.410 mi
- Children's Museum Houston4.68.5 mi
- Discovery Green4.79.4 mi
- Hermann Park4.78.5 mi
- MemorialPark4.84.4 mi
- Buffalo Bayou Park4.78.3 mi
- Gerald D. Hines Waterwall Park4.74.1 mi
- Topgolf Houston - Katy4.48.2 mi
- Memorial Park Golf Course and Driving Range4.54.9 mi
- East River 94.411 mi
- Wildcat Golf Club4.410.4 mi
- Puttery4.78.3 mi
- The Galleria4.53.8 mi
- Memorial City Mall4.51.5 mi
- PlazAmericas4.14.6 mi
- CITYCENTRE4.62.7 mi
- The Houston Farmers Market4.48.5 mi
- George Bush Intercontinental Airport418.4 mi
- William P. Hobby Airport4.416.7 mi
- The St. James Restaurant & Cabaret3.814.8 mi
- Ember3.118.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping and dining destination.
Extensive hike and bike trails along Buffalo Bayou.
Upscale open-air retail and dining center.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).