Washington Corridor, Houston, TX—77007
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Washington Corridor, Houston, TX
As of Oct '25, the median home price in Washington Corridor, Houston, TX is $509,000, with a year-over-year change of -4.5%. This indicates that home prices in Washington Corridor, Houston, TX are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $509,000 | -4.5% |
| Single Family | $514,000 | -4.6% |
| Condos | $408,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $281,000 | 0.7% |
2 Bed | $393,000 | -3.2% |
3 Bed | $512,000 | -4.8% |
4 Bed | $920,000 | -2.4% |
| 5 Bed | $1,571,000 | 0.4% |
% of Housing Stock
Rental Trends — Washington Corridor, Houston, TX
As of July '25, Rentcast reports the average rent in Washington Corridor, Houston, TX is $2,480, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Washington Corridor, Houston, TX is studios: $1,380, 1-bedrooms: $1,720, 2-bedrooms: $2,490, 3-bedrooms: $3,410, 4-bedrooms: $5,040. The most common rental property sizes in Washington Corridor, Houston, TX are 1-bedroom and 2-bedroom, accounting for 42.5% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,220 | $2,480 |
| Studio Rent | $1,430 | $1,380 |
| 1 Bed Rent | $1,680 | $1,720 |
| 2 Bed Rent | $2,360 | $2,490 |
| 3 Bed Rent | $3,200 | $3,410 |
| 4 Bed Rent | $3,950 | $5,040 |
% of Rental Stock
Property Listings — Washington Corridor, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington Corridor, Houston, TX is 41. This is a increase of 15.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $535,000 | -11.0% |
Listing Count | 467 | 39.0% |
| Listings as % of Homes | 0.9% | 39.0% |
Days on Market | 41 | 15.0% |
Demographics — Washington Corridor, Houston, TX
As of the latest ACS Survey released in 2023, Washington Corridor, Houston, TX has a population of 45,300, which has increased by 20.9% over the past 5 years. Washington Corridor, Houston, TX is a less popular place for families, as children make up 12.0% of the population. The area has a highly educated workforce, with 79.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,300 | 20.9% |
% Under 18 | 12.0% | 13.2% |
% Seniors | 6.9% | 3.0% |
% WFH | 25.9% | 311.1% |
% w/ College Degree | 79.9% | 5.3% |
As of the latest ACS Survey released in 2023, Washington Corridor, Houston, TX is a predominantly white area, with 56.8% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Washington Corridor, Houston, TX is hispanic, making up 17.3% of the population. Foreign-born residents account for 18.7% of the population in Washington Corridor, Houston, TX, and this percentage has increased by 2.2% 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 | 56.8% | -7.9% |
% Black | 9.5% | 72.7% |
% Hispanic | 17.3% | -15.6% |
% Asian | 10.9% | 18.5% |
% Foreign Born | 18.7% | 2.2% |
Mortgage and Risk — Washington Corridor, Houston, TX
According to HUD data as of 2023, there were 791 mortgage originations in Washington Corridor, Houston, TX, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Washington Corridor, Houston, TX. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 791 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Washington Corridor, Houston, TX
As of 2024, the percent of homes in Washington Corridor, Houston, TX under the Section 8 program is 0.6%. 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 Washington Corridor, 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 | 193 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,680 | $1,920 |
| 2 Bedroom | -$70 | $2,360 | $2,290 |
| 3 Bedroom | -$150 | $3,200 | $3,050 |
| 4 Bedroom | -$100 | $3,950 | $3,850 |
Affordability — Washington Corridor, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $509,000 |
| Median Household Income | $141,000 |