Minnetex, Houston, TX—77047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Minnetex, Houston, TX
As of Oct '25, the median home price in Minnetex, Houston, TX is $249,000, with a year-over-year change of -3.3%. This indicates that home prices in Minnetex, Houston, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | -3.3% |
| Single Family | $249,000 | -3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | -4.4% |
3 Bed | $232,000 | -4.1% |
4 Bed | $285,000 | -2.1% |
| 5 Bed | $304,000 | -1.0% |
% of Housing Stock
Rental Trends — Minnetex, Houston, TX
As of July '25, Rentcast reports the average rent in Minnetex, Houston, TX is $2,050, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Minnetex, Houston, TX is 1-bedrooms: $1,050, 2-bedrooms: $1,600, 3-bedrooms: $1,970, 4-bedrooms: $2,460. The most common rental property sizes in Minnetex, Houston, TX are 3-bedroom and 2-bedroom, accounting for 41.2% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,050 |
| 2 Bed Rent | $1,650 | $1,600 |
| 3 Bed Rent | $1,900 | $1,970 |
| 4 Bed Rent | $2,400 | $2,460 |
% of Rental Stock
Property Listings — Minnetex, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Minnetex, Houston, TX is 44. This is a increase of 13.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | -5.0% |
Listing Count | 177 | 38.0% |
| Listings as % of Homes | 0.6% | 38.0% |
Days on Market | 44 | 13.0% |
Demographics — Minnetex, Houston, TX
As of the latest ACS Survey released in 2023, Minnetex, Houston, TX has a population of 35,200, which has increased by 18.7% over the past 5 years. Minnetex, Houston, TX is a popular place for families, as children make up 27.7% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | 18.7% |
% Under 18 | 27.7% | 0.7% |
% Seniors | 10.0% | 16.3% |
% WFH | 8.2% | 228.0% |
% w/ College Degree | 37.2% | 31.0% |
As of the latest ACS Survey released in 2023, Minnetex, Houston, TX is a predominantly black area, with 58.3% of the population identifying as black. The black population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Minnetex, Houston, TX is hispanic, making up 29.1% of the population. Foreign-born residents account for 14.8% of the population in Minnetex, Houston, TX, and this percentage has increased by 10.4% 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 | 5.6% | -18.8% |
% Black | 58.3% | -10.9% |
% Hispanic | 29.1% | 11.9% |
% Asian | 3.2% | 33.3% |
% Foreign Born | 14.8% | 10.4% |
Mortgage and Risk — Minnetex, Houston, TX
According to HUD data as of 2023, there were 470 mortgage originations in Minnetex, Houston, TX, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Minnetex, Houston, TX. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 470 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Minnetex, Houston, TX
As of 2024, the percent of homes in Minnetex, Houston, TX under the Section 8 program is 10.2%. 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. In Minnetex, Houston, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 404 |
Total Units Section 8 | 404 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,200 | $1,510 |
| 2 Bedroom | $150 | $1,650 | $1,800 |
| 3 Bedroom | $500 | $1,900 | $2,400 |
| 4 Bedroom | $620 | $2,400 | $3,020 |
Affordability — Minnetex, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $249,000 |
| Median Household Income | $73,900 |