The story of this market
The typical home in ZIP 77073 sells for about $255,000, or $145 per square foot.
Prices are up +7.7% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 77073 — Houston
The 77073 housing market shows steady demand with a median price of $255,000, reflecting a 7.7% year-over-year increase. Market conditions are somewhat competitive, driven by the area's affordability and proximity to major employment hubs. Inventory remains balanced, supporting a stable outlook for the coming quarter.
This ZIP code is well-suited for families and commuters seeking affordable housing options with convenient access to major transportation arteries. It attracts a demographic looking for suburban living within reach of the Houston employment core.
Median prices moved up 7.7% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
22% 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 5.8% · poverty 14.2% — 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 6.8%/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 5.0%/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 77073, Harris County TX
Crime rates in the 77073 area are generally consistent with broader Houston suburban trends, with property crime being the primary concern. Residents are advised to consult local precinct reports for specific neighborhood-level safety data.
Schools serving the area are primarily part of the Spring Independent School District, which provides a range of public educational options. Performance ratings vary by campus, and parents are encouraged to review individual school report cards.
The area is subject to regional flood risks common to the Houston metropolitan region, particularly during heavy rainfall events. Property owners are encouraged to verify their specific flood zone status and maintain appropriate insurance coverage.
The area benefits from its proximity to major employment hubs in North Houston and the George Bush Intercontinental Airport. Development momentum is driven by residential expansion and commercial growth along the Hardy Toll Road corridor.
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).
Commuters primarily utilize the Hardy Toll Road and I-45 to access downtown Houston and other major employment centers. Traffic congestion is a common factor during peak hours for those traveling toward the city core.
The area features access to local parks and green spaces, with proximity to larger regional recreational facilities in the Spring and North Houston area. Shopping and dining options are concentrated along major thoroughfares like FM 1960.
The rental market is characterized by steady demand, supported by the area's affordability relative to central Houston. Vacancy rates remain competitive, with a mix of single-family rentals and multi-family apartment communities.
The local economy is anchored by logistics, aviation services near IAH, and retail trade. It serves as a residential base for a diverse workforce employed throughout the North Houston industrial and commercial sectors.
The area is served by a network of highways including I-45 and the Hardy Toll Road, facilitating regional transit. Public transportation options are limited, making personal vehicle ownership the primary mode of commute.
Development pipeline includes ongoing residential subdivision expansion and commercial infill projects along major corridors. Infrastructure planning focuses on managing growth and improving regional access.
The Harris Central Appraisal District (HCAD) is responsible for the valuation of all taxable property within the county. Assessments are conducted annually to determine market value for tax purposes.
Parcels in this ZIP are subject to various special districts, including Municipal Utility Districts (MUDs) for water and sewer services, and the Spring Independent School District.
Property insurance premiums in the region are influenced by flood and windstorm risk factors. Market health is stable, though homeowners should anticipate adjustments based on regional hazard assessments.
Texas continues to experience strong net domestic migration, with the Houston metro area remaining a primary destination for new residents.
Texas operates as a non-judicial foreclosure state, allowing for relatively efficient processing of defaults under the terms of the deed of trust.
Texas law requires sellers to provide a written disclosure notice to buyers, detailing the condition of the property and any known defects.
Data retrieved from US Census Bureau ZCTA 77073 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.
Extensive trail system offering outdoor recreation and nature access.
Major regional water park attraction located in the vicinity.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.