Galleria, Houston, TX—77056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galleria, Houston, TX
As of Oct '25, the median home price in Galleria, Houston, TX is $665,000, with a year-over-year change of 0.8%. This indicates that home prices in Galleria, Houston, TX are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $665,000 | 0.8% |
| Single Family | $1,053,000 | 1.9% |
| Condos | $308,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $169,000 | -11.1% |
2 Bed | $365,000 | -2.1% |
3 Bed | $778,000 | 1.8% |
4 Bed | $1,544,000 | 2.3% |
| 5 Bed | $2,685,000 | 2.8% |
% of Housing Stock
Rental Trends — Galleria, Houston, TX
As of July '25, Rentcast reports the average rent in Galleria, Houston, TX is $2,430, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Galleria, Houston, TX is studios: $1,330, 1-bedrooms: $1,740, 2-bedrooms: $2,900, 3-bedrooms: $4,480, 4-bedrooms: $4,850. The most common rental property sizes in Galleria, Houston, TX are 1-bedroom and 2-bedroom, accounting for 46.1% and 43.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,430 |
| Studio Rent | $1,290 | $1,330 |
| 1 Bed Rent | $1,600 | $1,740 |
| 2 Bed Rent | $2,450 | $2,900 |
| 3 Bed Rent | $3,800 | $4,480 |
| 4 Bed Rent | $4,500 | $4,850 |
% of Rental Stock
Property Listings — Galleria, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Galleria, Houston, TX is 67. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter 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 | $448,000 | -5.0% |
Listing Count | 247 | 5.0% |
| Listings as % of Homes | 1.2% | 5.0% |
Days on Market | 67 | -3.0% |
Demographics — Galleria, Houston, TX
As of the latest ACS Survey released in 2023, Galleria, Houston, TX has a population of 23,300, which has increased by 6.9% over the past 5 years. Galleria, Houston, TX is a less popular place for families, as children make up 10.4% of the population. The area has a highly educated workforce, with 73.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 6.9% |
% Under 18 | 10.4% | -22.4% |
% Seniors | 23.7% | 21.5% |
% WFH | 16.2% | 100.0% |
% w/ College Degree | 73.0% | -1.2% |
As of the latest ACS Survey released in 2023, Galleria, Houston, TX is a predominantly white area, with 53.7% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Galleria, Houston, TX is hispanic, making up 21.8% of the population. Foreign-born residents account for 29.4% of the population in Galleria, Houston, TX, and this percentage has decreased by 8.4% 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 | 53.7% | -12.0% |
% Black | 8.0% | 14.3% |
% Hispanic | 21.8% | 47.3% |
% Asian | 13.9% | -6.1% |
% Foreign Born | 29.4% | -8.4% |
Mortgage and Risk — Galleria, Houston, TX
According to HUD data as of 2023, there were 207 mortgage originations in Galleria, Houston, TX, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Galleria, Houston, TX. Investor activity is low, as 4.0% 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 | 207 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Galleria, Houston, TX
As of 2024, the percent of homes in Galleria, Houston, TX under the Section 8 program is 0.3%. 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 Galleria, 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 | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,600 | $1,920 |
| 2 Bedroom | -$160 | $2,450 | $2,290 |
| 3 Bedroom | -$750 | $3,800 | $3,050 |
| 4 Bedroom | -$650 | $4,500 | $3,850 |
Affordability — Galleria, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $665,000 |
| Median Household Income | $102,000 |