Gulfgate/Pine Valley, Houston, TX—77061
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gulfgate/Pine Valley, Houston, TX
As of Oct '25, the median home price in Gulfgate/Pine Valley, Houston, TX is $231,000, with a year-over-year change of -3.6%. This indicates that home prices in Gulfgate/Pine Valley, Houston, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | -3.6% |
| Single Family | $241,000 | -3.6% |
| Condos | $79,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | -6.3% |
3 Bed | $239,000 | -4.4% |
4 Bed | $284,000 | -3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gulfgate/Pine Valley, Houston, TX
As of July '25, Rentcast reports the average rent in Gulfgate/Pine Valley, Houston, TX is $1,630, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Gulfgate/Pine Valley, Houston, TX is 1-bedrooms: $921, 2-bedrooms: $1,540, 3-bedrooms: $2,030, 4-bedrooms: $2,560. The most common rental property sizes in Gulfgate/Pine Valley, Houston, TX are 1-bedroom and 2-bedroom, accounting for 48.1% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $916 | $921 |
| 2 Bed Rent | $1,380 | $1,540 |
| 3 Bed Rent | $1,950 | $2,030 |
| 4 Bed Rent | $2,600 | $2,560 |
% of Rental Stock
Property Listings — Gulfgate/Pine Valley, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Gulfgate/Pine Valley, Houston, TX is 81. 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $238,000 | 0.0% |
Listing Count | 47 | 43.0% |
| Listings as % of Homes | 0.4% | 43.0% |
Days on Market | 81 | 15.0% |
Demographics — Gulfgate/Pine Valley, Houston, TX
As of the latest ACS Survey released in 2023, Gulfgate/Pine Valley, Houston, TX has a population of 24,200, which has decreased by -5.3% over the past 5 years. Gulfgate/Pine Valley, Houston, TX is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,200 | -5.3% |
% Under 18 | 27.2% | -5.6% |
% Seniors | 12.3% | 61.8% |
% WFH | 4.0% | 471.4% |
% w/ College Degree | 15.4% | 14.9% |
As of the latest ACS Survey released in 2023, Gulfgate/Pine Valley, Houston, TX is a predominantly hispanic area, with 63.8% of the population identifying as hispanic. The hispanic population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Gulfgate/Pine Valley, Houston, TX is black, making up 22.2% of the population. Foreign-born residents account for 36.7% of the population in Gulfgate/Pine Valley, Houston, TX, and this percentage has increased by 7.9% 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 | 7.3% | -8.8% |
% Black | 22.2% | -5.1% |
% Hispanic | 63.8% | 4.4% |
% Asian | 6.3% | -16.0% |
% Foreign Born | 36.7% | 7.9% |
Mortgage and Risk — Gulfgate/Pine Valley, Houston, TX
According to HUD data as of 2023, there were 88 mortgage originations in Gulfgate/Pine Valley, Houston, TX, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Gulfgate/Pine Valley, Houston, TX. Investor activity is low, as 5.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Gulfgate/Pine Valley, Houston, TX
As of 2024, the percent of homes in Gulfgate/Pine Valley, Houston, TX under the Section 8 program is 1.7%. 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 Gulfgate/Pine Valley, 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 | 85 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 96.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $4 | $916 | $920 |
| 2 Bedroom | -$280 | $1,380 | $1,100 |
| 3 Bedroom | -$480 | $1,950 | $1,470 |
| 4 Bedroom | -$750 | $2,600 | $1,850 |
Affordability — Gulfgate/Pine Valley, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $231,000 |
| Median Household Income | $44,500 |