The story of this market
The typical home in ZIP 79344 sells for about $304,760, or $185 per square foot.
Prices are down 3.4% from a year ago, which gives buyers more room to negotiate. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 79344 — Springlake
The housing market in 77447 is currently adjusting to higher inventory levels, with a median price of $304,760 reflecting a slight year-over-year decline. While sales volume remains moderate, the area continues to see significant residential development, suggesting long-term growth potential despite short-term market cooling.
This area is well-suited for family buyers and commuters seeking newer, larger single-family homes at a lower price point than the urban core, as well as investors targeting the growing rental demand.
Median prices moved down 3.4% year over year.
Homes spend a median of 47 days on market with 12.5 months of supply — a slower-moving market.
38% of listings have cut prices · homes sell at 97.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 13.1% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 77447, Harris County TX
The area is experiencing residential expansion with new construction projects, though it remains largely influenced by the broader regional economy of the Houston metropolitan area.
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 typically face a commute of approximately 23 minutes, primarily relying on personal vehicles to reach employment hubs.
The area features access to local parks and rural outdoor spaces, with suburban shopping and dining options expanding alongside new residential developments.
The rental market is characterized by a mix of single-family home rentals and new construction, with vacancy pressure influenced by the pace of new housing supply.
The local economy is supported by a mix of residential services, construction, and proximity to the broader Houston-area industrial and corporate employment base.
Transportation is primarily highway-dependent, with major corridors facilitating access to the Houston metropolitan employment core.
Significant residential development is ongoing, with multiple master-planned communities in various stages of construction and approval.
Parcels are subject to various special districts, including school districts and municipal utility districts (MUDs) that fund local infrastructure.
Property insurance premiums are influenced by regional hazard exposure, including wind and flood risks common to the Texas Gulf Coast region.
Data aggregated from ZCTA-level ACS and local market reports.
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.
Community-level green spaces and recreational areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.