Fondren Gardens, Houston, TX—77031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fondren Gardens, Houston, TX
As of Oct '25, the median home price in Fondren Gardens, Houston, TX is $253,000, with a year-over-year change of -2.4%. This indicates that home prices in Fondren Gardens, Houston, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, 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 | -2.4% |
| Single Family | $256,000 | -2.7% |
| Condos | $87,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $102,000 | -7.3% |
3 Bed | $242,000 | -3.2% |
4 Bed | $275,000 | -2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fondren Gardens, Houston, TX
As of July '25, Rentcast reports the average rent in Fondren Gardens, Houston, TX is $1,610, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Fondren Gardens, Houston, TX is 1-bedrooms: $895, 2-bedrooms: $1,360, 3-bedrooms: $1,910, 4-bedrooms: $2,070. The most common rental property sizes in Fondren Gardens, Houston, TX are 2-bedroom and 1-bedroom, accounting for 39.2% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $895 |
| 2 Bed Rent | $1,350 | $1,360 |
| 3 Bed Rent | $1,900 | $1,910 |
| 4 Bed Rent | $2,000 | $2,070 |
% of Rental Stock
Property Listings — Fondren Gardens, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Fondren Gardens, Houston, TX is 62. This is a increase of 73.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | -7.0% |
Listing Count | 35 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 62 | 73.0% |
Demographics — Fondren Gardens, Houston, TX
As of the latest ACS Survey released in 2023, Fondren Gardens, Houston, TX has a population of 15,700, which has decreased by -10.2% over the past 5 years. Fondren Gardens, Houston, TX is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | -10.2% |
% Under 18 | 21.3% | -14.8% |
% Seniors | 14.3% | 34.9% |
% WFH | 9.6% | 317.4% |
% w/ College Degree | 22.8% | -5.8% |
As of the latest ACS Survey released in 2023, Fondren Gardens, Houston, TX is a predominantly hispanic area, with 56.8% of the population identifying as hispanic. The hispanic population has grown by 21.1% in the last 5 years. The second most common race or ethnicity in Fondren Gardens, Houston, TX is black, making up 20.2% of the population. Foreign-born residents account for 41.8% of the population in Fondren Gardens, Houston, TX, and this percentage has increased by 18.8% 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 | 13.9% | -16.3% |
% Black | 20.2% | -34.0% |
% Hispanic | 56.8% | 21.1% |
% Asian | 6.7% | 9.8% |
% Foreign Born | 41.8% | 18.8% |
Mortgage and Risk — Fondren Gardens, Houston, TX
According to HUD data as of 2023, there were 112 mortgage originations in Fondren Gardens, Houston, TX, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Fondren Gardens, Houston, TX. Investor activity is low, as 7.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Fondren Gardens, Houston, TX
As of 2024, the percent of homes in Fondren Gardens, Houston, TX under the Section 8 program is 0.7%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fondren Gardens, Houston, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $925 | $1,050 |
| 2 Bedroom | -$100 | $1,350 | $1,250 |
| 3 Bedroom | -$230 | $1,900 | $1,670 |
| 4 Bedroom | $100 | $2,000 | $2,100 |
Affordability — Fondren Gardens, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $253,000 |
| Median Household Income | $46,900 |