East Downtown (EaDo), Houston, TX—77003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Downtown (EaDo), Houston, TX
As of Oct '25, the median home price in East Downtown (EaDo), Houston, TX is $358,000, with a year-over-year change of -4.8%. This indicates that home prices in East Downtown (EaDo), Houston, TX are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $358,000 | -4.8% |
| Single Family | $366,000 | -4.9% |
| Condos | $276,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $206,000 | -10.0% |
2 Bed | $295,000 | -5.8% |
3 Bed | $399,000 | -4.5% |
4 Bed | $453,000 | -4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Downtown (EaDo), Houston, TX
As of July '25, Rentcast reports the average rent in East Downtown (EaDo), Houston, TX is $2,100, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in East Downtown (EaDo), Houston, TX is studios: $1,460, 1-bedrooms: $1,640, 2-bedrooms: $2,220, 3-bedrooms: $2,830, 4-bedrooms: $4,140. The most common rental property sizes in East Downtown (EaDo), Houston, TX are 2-bedroom and 1-bedroom, accounting for 35.3% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,870 | $2,100 |
| Studio Rent | $1,430 | $1,460 |
| 1 Bed Rent | $1,690 | $1,640 |
| 2 Bed Rent | $2,320 | $2,220 |
| 3 Bed Rent | $2,820 | $2,830 |
| 4 Bed Rent | $3,000 | $4,140 |
% of Rental Stock
Property Listings — East Downtown (EaDo), Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in East Downtown (EaDo), Houston, TX is 44. This is a increase of 4.0% 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 | $410,000 | -2.0% |
Listing Count | 137 | 20.0% |
| Listings as % of Homes | 0.9% | 20.0% |
Days on Market | 44 | 4.0% |
Demographics — East Downtown (EaDo), Houston, TX
As of the latest ACS Survey released in 2023, East Downtown (EaDo), Houston, TX has a population of 9,720, which has decreased by -1.6% over the past 5 years. East Downtown (EaDo), 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 49.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,720 | -1.6% |
% Under 18 | 10.4% | -44.4% |
% Seniors | 6.8% | 1.5% |
% WFH | 16.9% | 125.3% |
% w/ College Degree | 49.3% | 15.5% |
As of the latest ACS Survey released in 2023, East Downtown (EaDo), Houston, TX is a predominantly hispanic area, with 35.4% of the population identifying as hispanic. The hispanic population has shrunk by 26.4% in the last 5 years. The second most common race or ethnicity in East Downtown (EaDo), Houston, TX is white, making up 33.0% of the population. Foreign-born residents account for 15.5% of the population in East Downtown (EaDo), Houston, TX, and this percentage has decreased by 36.5% 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 | 33.0% | 73.7% |
% Black | 21.4% | -19.2% |
% Hispanic | 35.4% | -26.4% |
% Asian | 5.6% | 27.3% |
% Foreign Born | 15.5% | -36.5% |
Mortgage and Risk — East Downtown (EaDo), Houston, TX
According to HUD data as of 2023, there were 145 mortgage originations in East Downtown (EaDo), Houston, TX, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in East Downtown (EaDo), Houston, TX. Investor activity is low, as 6.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 1.0% |
Loan Activity
Rentals and Section 8 — East Downtown (EaDo), Houston, TX
As of 2024, the percent of homes in East Downtown (EaDo), Houston, TX under the Section 8 program is 17.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in East Downtown (EaDo), Houston, TX, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 643 |
Total Units Section 8 | 643 |
% Rentals under Section 8 | 17.7% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,690 | $1,600 |
| 2 Bedroom | -$410 | $2,320 | $1,910 |
| 3 Bedroom | -$270 | $2,820 | $2,550 |
| 4 Bedroom | $210 | $3,000 | $3,210 |
Affordability — East Downtown (EaDo), Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $358,000 |
| Median Household Income | $88,800 |