The story of this market
The typical home in ZIP 77373 sells for about $265,000, or $155 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,828 a month.
ZIP 77373 — Spring
The 77373 housing market is currently balanced, with a median price of $265,000 and moderate inventory levels. While year-over-year prices have seen a slight decline, the area remains a strong rental market with consistent demand from families. Market activity is driven by its strategic location near major employment hubs and ongoing infrastructure improvements.
This ZIP is well-suited for families and commuters seeking affordable suburban housing with access to major employment corridors. It is also attractive to investors looking for stable rental yields in a high-demand suburban market.
Median prices moved down 2.8% year over year.
Homes spend a median of 52 days on market with 3.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 10.7% — 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 6.9%/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 6.0%/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 77373, Harris County TX
Crime rates in the Spring area are generally consistent with suburban Harris County averages, though specific neighborhood variations exist. Local law enforcement reports typical suburban property crime patterns.
Schools serving the 77373 area are primarily part of the Spring Independent School District, which maintains a diverse student population and varying performance ratings across its campuses.
The area is subject to regional flood risks common to the Houston metropolitan area, particularly near Cypress Creek and its tributaries. Residents are encouraged to maintain flood insurance due to historical storm-related inundation risks.
The area benefits from proximity to the Grand Parkway (SH 99) and I-45, driving residential development and retail expansion. Major employment hubs in North Houston and The Woodlands provide significant economic momentum.
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 I-45 and the Hardy Toll Road for access to Downtown Houston and the George Bush Intercontinental Airport. Traffic congestion is common during peak hours on major arterial roads.
The area features access to local community parks, nearby golf courses, and proximity to the Spring Creek Greenway for hiking and biking. Retail and dining options are concentrated along the FM 1960 and I-45 corridors.
The rental market is robust with a high demand for single-family rentals, supported by a 9.4% gross rental yield. Vacancy pressure remains moderate as the area attracts families seeking suburban housing options.
The economy is anchored by the energy, logistics, and healthcare sectors, with significant employment provided by nearby corporate campuses in The Woodlands and North Houston. The area serves as a residential base for a diverse workforce.
Transportation is heavily reliant on private vehicles, with major corridors including I-45, the Hardy Toll Road, and the Grand Parkway. Public transit options are limited, primarily consisting of regional bus services.
Development is focused on residential expansion and commercial retail growth along the Grand Parkway corridor. Infrastructure projects are ongoing to manage increased traffic volume.
The Harris Central Appraisal District conducts annual property valuations for tax purposes, utilizing mass appraisal techniques to determine market value.
Parcels are subject to various special districts, including MUDs for water and sewer services, and the Lone Star College District for higher education funding.
Property insurance premiums are influenced by regional flood and windstorm risks, with many properties requiring specialized coverage due to proximity to flood-prone areas.
Texas continues to experience strong net domestic migration, with the Houston metro area serving as a primary destination for families relocating from other states.
Texas is a non-judicial foreclosure state, allowing for relatively expedited processes under the terms of a deed of trust.
Sellers are required to provide a standard Seller's Disclosure Notice detailing the condition of the property, including known defects and repairs.
Data retrieved from Census Reporter and US Census Bureau ZCTA 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.
- Dave & Buster's Houston - Katy Fwy4.219.6 mi
- Hurricane Harbor Splashtown4.13 mi
- Big Rivers Waterpark & Adventures4.214.4 mi
- K1 Speed Houston4.316.3 mi
- Slick City Action Park4.212.1 mi
- The Cynthia Woods Mitchell Pavilion4.68.5 mi
- White Oak Music Hall4.419 mi
- Dave & Buster's Houston - Katy Fwy4.219.6 mi
- Sam Houston Race Park4.412.6 mi
- Big Rivers Waterpark & Adventures4.214.4 mi
- Meyer Park4.79 mi
- Hurricane Harbor Splashtown4.13 mi
- Houston Interactive Aquarium & Animal Preserve4.39.5 mi
- AMC Willowbrook 244.212 mi
- Cinemark The Woodlands and XD4.58.3 mi
- ARTECHOUSE Houston4.519.3 mi
- Sloomoo Institute - Houston4.319.6 mi
- National Museum of Funeral History4.85.7 mi
- The Woodlands Children's Museum4.410.3 mi
- The Antique Gallery of Houston4.73.9 mi
- Meyer Park4.79 mi
- Northshore Park4.89.3 mi
- Burroughs Park4.812.5 mi
- Mercer Botanic Gardens4.71.6 mi
- Bear Branch Park4.711.2 mi
- Topgolf Spring4.42.7 mi
- Cypresswood Golf Club4.13.9 mi
- The Woodlands Country Club4.712 mi
- Kingwood Country Club - Kingwood Clubhouse4.511.2 mi
- Golf Club of Houston4.212 mi
- The Woodlands Mall4.58.3 mi
- Willowbrook Mall4.311.6 mi
- Deerbrook Mall4.37.6 mi
- Tia Pancha4.312 mi
- Joe V's Smart Shop4.52.6 mi
- George Bush Intercontinental Airport45.3 mi
- William P. Hobby Airport4.429.4 mi
- The St. James Restaurant & Cabaret3.86.7 mi
- Ember3.15.6 mi
- Vida Taqueria3.85.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive multi-use trail system along the creek.
Historic district with boutique shops and restaurants.
Large recreational area with fishing and trails.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).