The story of this market
The typical home in ZIP 77057 sells for about $257,400, or $235 per square foot.
Prices are down 18.5% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,600 a month.
ZIP 77057 — Houston
The 77057 housing market is currently experiencing a cooling phase, characterized by a significant year-over-year decline in median sale prices and a slower pace of sales. High inventory levels relative to demand are putting downward pressure on prices, leading to a more buyer-friendly environment. Market activity is currently balanced but reflects broader economic caution in the Houston metro area.
This ZIP is well-suited for young professionals, commuters, and renters who prioritize proximity to the Galleria employment hub and urban amenities over single-family suburban space.
Median prices moved down 18.5% year over year.
Homes spend a median of 76 days on market with 6.2 months of supply — a balanced-paced market.
29% of listings have cut prices · homes sell at 97.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 13.8% — 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 2.7%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 77057, Harris County TX
Crime rates in the 77057 area are generally consistent with urban Houston averages, with property crime being the primary concern for residents compared to regional benchmarks.
Schools serving the area are part of the Houston Independent School District, with performance ratings varying significantly by specific campus and program offerings.
The area is subject to standard Gulf Coast flood risks and wind-related insurance considerations, with many properties requiring flood insurance due to proximity to bayous and low-lying topography.
Located near the Galleria district, the area benefits from proximity to major employment hubs and ongoing mixed-use redevelopment, though it is largely built-out.
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 proximity to the 610 Loop and I-10, providing direct access to the Galleria and Downtown employment cores, though traffic congestion is significant during peak hours.
The area features access to local parks and is within a short drive of the extensive shopping and dining amenities of the Uptown/Galleria district.
The rental market is robust with high inventory depth, reflecting steady demand from young professionals and commuters working in the nearby Galleria area.
The economy is anchored by the Galleria/Uptown business district, which serves as a major hub for retail, hospitality, and corporate office space.
The area is served by major highway corridors including the 610 Loop and I-10, with limited public transit options primarily consisting of METRO bus routes.
Development is focused on high-density residential infill and the modernization of existing commercial properties within the Uptown corridor.
The Harris Central Appraisal District manages annual property valuations for all parcels within the county.
Parcels are subject to various special districts including the Houston Independent School District and Harris County flood control levies.
Property insurance premiums are elevated due to regional exposure to hurricane-related wind and flood risks.
Data retrieved from data.census.gov ZCTA-level tables.
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 Aquarium4.17.6 mi
- Cidercade Houston4.58.8 mi
- Meow Wolf Houston's Radio Tave4.48.9 mi
- Children's Museum Houston4.66.8 mi
- Dave & Buster's Houston - Katy Fwy4.23 mi
- Reliant Stadium4.66.7 mi
- Daikin Park4.78.3 mi
- Toyota Center4.67.9 mi
- George R. Brown Convention Center4.58.1 mi
- POST Houston4.67.8 mi
- Houston Zoo4.66.6 mi
- Houston Museum of Natural Science4.86.5 mi
- Discovery Green4.78 mi
- Hermann Park4.76.7 mi
- The Museum of Fine Arts, Houston4.86.4 mi
- Houston Museum of Natural Science4.86.5 mi
- POST Houston4.67.8 mi
- The Museum of Fine Arts, Houston4.86.4 mi
- Meow Wolf Houston's Radio Tave4.48.9 mi
- Children's Museum Houston4.66.8 mi
- Discovery Green4.78 mi
- Hermann Park4.76.7 mi
- MemorialPark4.83.3 mi
- Buffalo Bayou Park4.77.1 mi
- Gerald D. Hines Waterwall Park4.72.2 mi
- Topgolf Houston - Katy4.49.7 mi
- Memorial Park Golf Course and Driving Range4.53.9 mi
- East River 94.49.7 mi
- Wildcat Golf Club4.48.4 mi
- Puttery4.77.1 mi
- The Galleria4.52 mi
- Memorial City Mall4.53.4 mi
- PlazAmericas4.13.3 mi
- CITYCENTRE4.64.5 mi
- The Houston Farmers Market4.48 mi
- George Bush Intercontinental Airport419.1 mi
- William P. Hobby Airport4.414.9 mi
- The St. James Restaurant & Cabaret3.815.8 mi
- Ember3.118.8 mi
- Vida Taqueria3.818.9 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 entertainment anchor located immediately adjacent to the ZIP.
Local green space providing walking trails and recreational facilities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).