Downtown, Houston, TX—77002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Houston, TX
As of Oct '25, the median home price in Downtown, Houston, TX is $253,000, with a year-over-year change of -7.2%. This indicates that home prices in Downtown, Houston, TX are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $253,000 | -7.2% |
| Single Family | $354,000 | -5.6% |
| Condos | $236,000 | -5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $213,000 | -3.6% |
2 Bed | $321,000 | -8.3% |
3 Bed | $453,000 | -5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Houston, TX
As of July '25, Rentcast reports the average rent in Downtown, Houston, TX is $2,140, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Downtown, Houston, TX is studios: $1,490, 1-bedrooms: $1,880, 2-bedrooms: $2,910, 3-bedrooms: $5,120. The most common rental property sizes in Downtown, Houston, TX are 1-bedroom and studio, accounting for 53.6% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,140 |
| Studio Rent | $1,520 | $1,490 |
| 1 Bed Rent | $1,830 | $1,880 |
| 2 Bed Rent | $2,620 | $2,910 |
| 3 Bed Rent | $3,400 | $5,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Houston, TX is 90. This is a increase of 34.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | -2.0% |
Listing Count | 72 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 90 | 34.0% |
Demographics — Downtown, Houston, TX
As of the latest ACS Survey released in 2023, Downtown, Houston, TX has a population of 19,600, which has increased by 44.5% over the past 5 years. Downtown, Houston, TX is a less popular place for families, as children make up 1.7% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | 44.5% |
% Under 18 | 1.7% | 30.8% |
% Seniors | 3.7% | 0.0% |
% WFH | 24.7% | 128.7% |
% w/ College Degree | 36.7% | 23.2% |
As of the latest ACS Survey released in 2023, Downtown, Houston, TX is a predominantly black area, with 35.3% of the population identifying as black. The black population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Downtown, Houston, TX is white, making up 30.9% of the population. Foreign-born residents account for 13.5% of the population in Downtown, Houston, TX, and this percentage has increased by 4.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.9% | -12.5% |
% Black | 35.3% | -3.8% |
% Hispanic | 23.4% | -3.7% |
% Asian | 4.9% | 188.2% |
% Foreign Born | 13.5% | 4.7% |
Mortgage and Risk — Downtown, Houston, TX
According to HUD data as of 2023, there were 42 mortgage originations in Downtown, Houston, TX, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Houston, TX. Investor activity is low, as 5.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Downtown, Houston, TX
Downtown, Houston, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 331 |
Total Units Section 8 | 289 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,830 | $1,920 |
| 2 Bedroom | -$330 | $2,620 | $2,290 |
| 3 Bedroom | -$350 | $3,400 | $3,050 |
| 4 Bedroom | N/A | N/A | $3,850 |
Affordability — Downtown, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $253,000 |
| Median Household Income | $85,400 |