Texas Medical Center, Houston, TX—77030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Texas Medical Center, Houston, TX
As of Oct '25, the median home price in Texas Medical Center, Houston, TX is $530,000, with a year-over-year change of -0.1%. This indicates that home prices in Texas Medical Center, Houston, TX are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $530,000 | -0.1% |
| Single Family | $933,000 | 1.2% |
| Condos | $171,000 | -10.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $132,000 | -7.7% |
2 Bed | $235,000 | -9.3% |
3 Bed | $857,000 | 0.8% |
4 Bed | $1,286,000 | 1.6% |
| 5 Bed | $1,731,000 | 1.8% |
% of Housing Stock
Rental Trends — Texas Medical Center, Houston, TX
As of July '25, Rentcast reports the average rent in Texas Medical Center, Houston, TX is $2,110, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Texas Medical Center, Houston, TX is studios: $1,440, 1-bedrooms: $1,530, 2-bedrooms: $2,300, 3-bedrooms: $3,620, 4-bedrooms: $4,940. The most common rental property sizes in Texas Medical Center, Houston, TX are 1-bedroom and 2-bedroom, accounting for 52.9% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $2,110 |
| Studio Rent | $1,360 | $1,440 |
| 1 Bed Rent | $1,500 | $1,530 |
| 2 Bed Rent | $1,950 | $2,300 |
| 3 Bed Rent | $3,400 | $3,620 |
| 4 Bed Rent | $4,500 | $4,940 |
% of Rental Stock
Property Listings — Texas Medical Center, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Texas Medical Center, Houston, TX is 59. This is a increase of 12.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | -25.0% |
Listing Count | 86 | 25.0% |
| Listings as % of Homes | 0.7% | 25.0% |
Days on Market | 59 | 12.0% |
Demographics — Texas Medical Center, Houston, TX
As of the latest ACS Survey released in 2023, Texas Medical Center, Houston, TX has a population of 13,000, which has increased by 18.4% over the past 5 years. Texas Medical Center, Houston, TX is a moderately popular place for families, as children make up 16.6% of the population. The area has a highly educated workforce, with 81.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | 18.4% |
% Under 18 | 16.6% | -16.2% |
% Seniors | 13.5% | 21.6% |
% WFH | 19.7% | 1,058.8% |
% w/ College Degree | 81.9% | -4.1% |
As of the latest ACS Survey released in 2023, Texas Medical Center, Houston, TX is a predominantly white area, with 49.5% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Texas Medical Center, Houston, TX is asian, making up 22.9% of the population. Foreign-born residents account for 28.7% of the population in Texas Medical Center, Houston, TX, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.5% | -11.9% |
% Black | 13.3% | 183.0% |
% Hispanic | 11.4% | 58.3% |
% Asian | 22.9% | -16.4% |
% Foreign Born | 28.7% | -5.3% |
Mortgage and Risk — Texas Medical Center, Houston, TX
According to HUD data as of 2023, there were 127 mortgage originations in Texas Medical Center, Houston, TX, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Texas Medical Center, Houston, TX. Investor activity is low, as 8.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 127 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Texas Medical Center, Houston, TX
As of 2024, the percent of homes in Texas Medical Center, Houston, TX under the Section 8 program is 0.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Texas Medical Center, Houston, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,500 | $1,590 |
| 2 Bedroom | -$50 | $1,950 | $1,900 |
| 3 Bedroom | -$870 | $3,400 | $2,530 |
| 4 Bedroom | -$1,310 | $4,500 | $3,190 |
Affordability — Texas Medical Center, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $530,000 |
| Median Household Income | $79,400 |