Museum District, Houston, TX—77004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Museum District, Houston, TX
As of Oct '25, the median home price in Museum District, Houston, TX is $352,000, with a year-over-year change of -4.7%. This indicates that home prices in Museum District, Houston, TX are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | -4.7% |
| Single Family | $356,000 | -5.3% |
| Condos | $326,000 | -4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $264,000 | -3.3% |
2 Bed | $287,000 | -6.2% |
3 Bed | $398,000 | -4.1% |
4 Bed | $462,000 | -3.3% |
| 5 Bed | $548,000 | -2.0% |
% of Housing Stock
Rental Trends — Museum District, Houston, TX
As of July '25, Rentcast reports the average rent in Museum District, Houston, TX is $2,280, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Museum District, Houston, TX is studios: $1,300, 1-bedrooms: $1,740, 2-bedrooms: $2,260, 3-bedrooms: $2,860, 4-bedrooms: $4,110. The most common rental property sizes in Museum District, Houston, TX are 2-bedroom and 1-bedroom, accounting for 40.8% and 38.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,280 |
| Studio Rent | $1,320 | $1,300 |
| 1 Bed Rent | $1,720 | $1,740 |
| 2 Bed Rent | $1,850 | $2,260 |
| 3 Bed Rent | $2,800 | $2,860 |
| 4 Bed Rent | $3,300 | $4,110 |
% of Rental Stock
Property Listings — Museum District, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Museum District, Houston, TX is 63. This is a decrease of -4.0% 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 | $426,000 | -6.0% |
Listing Count | 285 | 23.0% |
| Listings as % of Homes | 1.2% | 23.0% |
Days on Market | 63 | -4.0% |
Demographics — Museum District, Houston, TX
As of the latest ACS Survey released in 2023, Museum District, Houston, TX has a population of 35,900, which has decreased by -3.0% over the past 5 years. Museum District, Houston, TX is a less popular place for families, as children make up 13.4% of the population. The area has a highly educated workforce, with 57.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,900 | -3.0% |
% Under 18 | 13.4% | 7.2% |
% Seniors | 11.7% | 28.6% |
% WFH | 18.3% | 245.3% |
% w/ College Degree | 57.1% | 18.0% |
As of the latest ACS Survey released in 2023, Museum District, Houston, TX is a predominantly black area, with 48.3% of the population identifying as black. The black population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Museum District, Houston, TX is white, making up 26.7% of the population. Foreign-born residents account for 13.8% of the population in Museum District, Houston, TX, and this percentage has decreased by 7.4% 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 | 26.7% | 5.5% |
% Black | 48.3% | -1.8% |
% Hispanic | 13.1% | -3.0% |
% Asian | 8.2% | -18.0% |
% Foreign Born | 13.8% | -7.4% |
Mortgage and Risk — Museum District, Houston, TX
According to HUD data as of 2023, there were 415 mortgage originations in Museum District, Houston, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Museum District, Houston, TX. Investor activity is low, as 6.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 415 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Museum District, Houston, TX
As of 2024, the percent of homes in Museum District, Houston, TX under the Section 8 program is 4.5%. 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 Museum District, Houston, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,067 |
Total Units Section 8 | 470 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$460 | $1,720 | $1,260 |
| 2 Bedroom | -$350 | $1,850 | $1,500 |
| 3 Bedroom | -$800 | $2,800 | $2,000 |
| 4 Bedroom | -$780 | $3,300 | $2,520 |
Affordability — Museum District, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $352,000 |
| Median Household Income | $65,900 |