The story of this market
The typical home in ZIP 77055 sells for about $695,000, or $310 per square foot.
Prices are up +43.9% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,950 a month.
ZIP 77055 — Spring Valley Village
The 77055 housing market shows resilience with a median sale price of $695,000, reflecting strong demand in this central Houston location. While inventory remains tight, the market is experiencing moderate price growth compared to the previous year. Buyers are active, though the high renter share and cost-burden metrics suggest a competitive environment for both sales and rentals.
This ZIP is well-suited for families and professionals working in the Energy Corridor or Downtown Houston who value central access and a mix of established residential neighborhoods.
Median prices moved up 43.9% year over year.
Homes spend a median of 57 days on market with 3.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 20.9% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 77055, Harris County TX
Crime trends in 77055 are generally consistent with broader Houston urban patterns, with property crime remaining a primary concern for residents compared to national averages.
Schools serving the area are part of the Spring Branch Independent School District, which maintains a diverse range of academic performance ratings across its campuses.
The area is subject to regional flood risks common to the Houston basin, necessitating careful review of flood maps and standard wind/hail insurance coverage for property owners.
The area benefits from its proximity to the Energy Corridor and major employment hubs in West Houston, with ongoing infill development and residential redevelopment projects.
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 have direct access to I-10 and the Sam Houston Tollway, providing a central commute to Downtown Houston and the Energy Corridor.
The area features proximity to several local parks and greenbelts, with easy access to major shopping and dining districts along the I-10 corridor.
The rental market is robust with a high renter share of approximately 54%, driven by proximity to employment centers and a mix of apartment and single-family rental stock.
The local economy is heavily influenced by the energy, finance, and professional services sectors, with significant employment density in the nearby West Houston business districts.
The area is served by major highway corridors including I-10 and the Sam Houston Tollway, facilitating regional connectivity.
Ongoing residential infill and commercial redevelopment projects are common throughout the ZIP, particularly along major thoroughfares.
The Harris Central Appraisal District manages property assessments for the county, utilizing mass appraisal techniques to determine market values.
Parcels are subject to various taxing jurisdictions including the Spring Branch ISD, Harris County, and local municipal utility districts.
Property insurance premiums in the region are influenced by coastal weather patterns and flood risk, with standard coverage typically including wind and hail protection.
Data retrieved from Census Reporter and ACS 5-year profiles.
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 Aquarium4.17.3 mi
- Cidercade Houston4.58.6 mi
- Meow Wolf Houston's Radio Tave4.48.3 mi
- Children's Museum Houston4.67.8 mi
- Dave & Buster's Houston - Katy Fwy4.21.3 mi
- Reliant Stadium4.68.9 mi
- Daikin Park4.78.1 mi
- Toyota Center4.67.9 mi
- George R. Brown Convention Center4.58.1 mi
- POST Houston4.67.4 mi
- Houston Zoo4.67.9 mi
- Houston Museum of Natural Science4.87.6 mi
- Discovery Green4.78 mi
- Hermann Park4.78 mi
- The Museum of Fine Arts, Houston4.87.4 mi
- Houston Museum of Natural Science4.87.6 mi
- POST Houston4.67.4 mi
- The Museum of Fine Arts, Houston4.87.4 mi
- Meow Wolf Houston's Radio Tave4.48.3 mi
- Children's Museum Houston4.67.8 mi
- Discovery Green4.78 mi
- Hermann Park4.78 mi
- MemorialPark4.83.2 mi
- Buffalo Bayou Park4.76.8 mi
- Gerald D. Hines Waterwall Park4.74.4 mi
- Topgolf Houston - Katy4.410 mi
- Memorial Park Golf Course and Driving Range4.53.4 mi
- East River 94.49.4 mi
- Wildcat Golf Club4.411 mi
- Puttery4.76.7 mi
- The Galleria4.54.2 mi
- Memorial City Mall4.53.5 mi
- Willowbrook Mall4.311.7 mi
- PlazAmericas4.16.5 mi
- CITYCENTRE4.64.7 mi
- George Bush Intercontinental Airport416 mi
- William P. Hobby Airport4.416.2 mi
- The St. James Restaurant & Cabaret3.812.6 mi
- Ember3.115.7 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 serving the area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).