The story of this market
The typical home in ZIP 77485 sells for about $439,172, or $165 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $945 a month.
ZIP 77485 — Wallis
The housing market in 77485 remains stable, supported by consistent demand for new construction in master-planned communities. While interest rates have tempered buyer urgency, the area's growth trajectory and school quality continue to attract families, keeping inventory levels balanced.
This ZIP is ideal for families and commuters seeking newer, larger homes in master-planned communities with access to growing school districts and suburban amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% 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 11.6% · poverty 21.3% — a mixed stability 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 6.7%/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 6.1%/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 77485
Waller and Fort Bend County areas within this ZIP generally report lower crime rates compared to the broader Houston metropolitan region, with property crime being the primary concern.
Schools serving this area are primarily part of the Lamar Consolidated ISD and Waller ISD, which generally maintain solid academic ratings and are experiencing rapid growth due to new residential developments.
The area is subject to flood risk associated with the Brazos River basin and regional drainage patterns; homeowners are frequently required to carry flood insurance depending on specific elevation certificates.
Economic momentum is driven by the expansion of the Westpark Tollway and proximity to the Fulshear and Katy employment corridors, attracting significant master-planned community development.
Property taxes are levied by a combination of school districts, county entities, and various Municipal Utility Districts (MUDs) that fund infrastructure for new residential growth.
Residents primarily commute via the Westpark Tollway or FM 1093 toward the Energy Corridor and downtown Houston, with commute times typically ranging from 45 to 60 minutes during peak hours.
The area features access to local community parks, nearby golf courses in the Katy/Fulshear area, and proximity to the Brazos River for outdoor recreation.
The rental market is characterized by steady demand from families waiting to purchase homes, with a mix of single-family rentals and newer apartment complexes.
The economy is heavily influenced by the energy sector in the nearby Houston Energy Corridor and the retail/service industries supporting the rapid suburban expansion.
Transportation is dominated by private vehicle use, with reliance on FM 1093 and the Westpark Tollway as primary arteries for regional connectivity.
Development is focused on the conversion of agricultural land into master-planned residential communities and supporting commercial retail centers.
The Fort Bend Central Appraisal District manages assessments, focusing on market-value adjustments for rapidly appreciating residential properties.
Parcels are frequently subject to MUD taxes which fund water, sewer, and drainage infrastructure for new developments.
Property insurance premiums are rising due to regional flood risk and the general hardening of the Texas homeowners insurance market.
The area is experiencing significant net positive domestic migration as families move from urban centers to suburban master-planned communities.
Texas operates under a non-judicial foreclosure process, allowing for relatively efficient resolution of defaulted mortgages.
Sellers are required to provide a standard Texas Real Estate Commission (TREC) Seller's Disclosure Notice detailing the condition of the property.
Data retrieved from data.census.gov ZCTA 77485 profile.
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.
- Typhoon Texas Waterpark Houston4.317.9 mi
- Dewberry Farm4.118.6 mi
- Slick City Action Park4.317.4 mi
- Dig World4.617.6 mi
- Altitude Trampoline Park4.318.4 mi
- Dewberry Farm4.118.6 mi
- Fort Bend County Epicenter4.215.5 mi
- Whiskey River West4.217.9 mi
- PopStroke4.619.9 mi
- Legacy Stadium4.718.7 mi
- San Felipe de Austin State Historic Site4.812.6 mi
- Discovery Park4.412.1 mi
- Rosenberg Railroad Museum4.615.1 mi
- Play Street Museum - Katy4.715.9 mi
- San Felipe de Austin State Historic Site4.812.6 mi
- Fort Bend Museum4.617.4 mi
- The Johnny Nelson Katy Heritage Museum4.717.4 mi
- B&PW PARK4.412.8 mi
- Arbor Park4.412.3 mi
- Cross Creek Ranch Canine Commons4.512.9 mi
- Discovery Park4.412.1 mi
- Brookshire Brothers4.112.4 mi
- DG Market3.911.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides regional drainage and recreational opportunities.
Neighborhood-level green spaces serving residential subdivisions.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).