The story of this market
The typical home in ZIP 77447 sells for about $354,900, or $191 per square foot.
Prices are down 3.4% from a year ago, which gives buyers more room to negotiate. Homes take about 81 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,811 a month.
ZIP 77447 — Hockley
The 77447 housing market is currently balanced, with a median listing price of approximately $354,900. While home values have seen a slight year-over-year decline of 3.4%, the area remains a popular choice for families seeking suburban space with access to the US-290 corridor.
This ZIP fits family buyers and commuters looking for a suburban or semi-rural lifestyle with more land and a quieter setting while maintaining access to the Houston employment core.
Median prices moved down 3.4% year over year.
Homes spend a median of 81 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 6.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 77447, Harris County TX
The area is experiencing suburban expansion with new residential developments and improved access via the US-290 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).
Commutes are approximately 40-55 minutes to the Galleria, 45-60 minutes to Downtown, and 50-65 minutes to the Texas Medical Center via US-290.
Residents enjoy outdoor recreation at Zube Park, which features a splash pad and live steam train, the Hockley Recreational Complex for fishing, and The Clubs at Houston Oaks for golf and social activities.
The rental market is characterized by a median asking rent of $2,000 per month with a balanced supply-demand dynamic.
The local economy is driven by suburban residential growth and proximity to the Greater Houston metropolitan area's diverse industry mix.
Data sourced from US Census Bureau ZCTA profiles.
Features a splash pad and live steam train.
Offers fishing and outdoor recreation.
Provides golf and social activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.