Memorial, Houston, TX—77079
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Memorial, Houston, TX
Home Price Trends — Memorial, Houston, TX
As of Oct '25, the median home price in Memorial, Houston, TX is $696,000, with a year-over-year change of 3.8%. This indicates that home prices in Memorial, Houston, TX are increasing. 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 | $696,000 | 3.8% |
| Single Family | $767,000 | 4.4% |
| Condos | $179,000 | -4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $142,000 | -2.1% |
2 Bed | $188,000 | -3.6% |
3 Bed | $309,000 | -2.2% |
4 Bed | $853,000 | 5.0% |
| 5 Bed | $1,139,000 | 5.3% |
% of Housing Stock
Rental Trends — Memorial, Houston, TX
As of July '25, Rentcast reports the average rent in Memorial, Houston, TX is $2,230, with a year-over-year rent change of -13.6%. Per bedroom, the median rent as of July '25 in Memorial, Houston, TX is studios: $1,100, 1-bedrooms: $1,440, 2-bedrooms: $1,860, 3-bedrooms: $2,450, 4-bedrooms: $4,490. The most common rental property sizes in Memorial, Houston, TX are 1-bedroom and 2-bedroom, accounting for 46.7% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $2,230 |
| Studio Rent | $1,080 | $1,100 |
| 1 Bed Rent | $1,420 | $1,440 |
| 2 Bed Rent | $1,850 | $1,860 |
| 3 Bed Rent | $2,300 | $2,450 |
| 4 Bed Rent | $4,500 | $4,490 |
% of Rental Stock
Property Listings — Memorial, Houston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Memorial, Houston, TX is 43. This is a decrease of -2.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -33.0% |
Listing Count | 145 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 43 | -2.0% |
Demographics — Memorial, Houston, TX
As of the latest ACS Survey released in 2023, Memorial, Houston, TX has a population of 35,500, which has increased by 5.2% over the past 5 years. Memorial, Houston, TX is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 67.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,500 | 5.2% |
% Under 18 | 24.4% | -19.7% |
% Seniors | 12.3% | -4.7% |
% WFH | 16.3% | 162.9% |
% w/ College Degree | 67.9% | 6.9% |
As of the latest ACS Survey released in 2023, Memorial, Houston, TX is a predominantly white area, with 54.8% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Memorial, Houston, TX is hispanic, making up 20.2% of the population. Foreign-born residents account for 24.8% of the population in Memorial, Houston, TX, and this percentage has decreased by 6.1% 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 | 54.8% | -10.7% |
% Black | 13.4% | 22.9% |
% Hispanic | 20.2% | 23.2% |
% Asian | 8.6% | -4.4% |
% Foreign Born | 24.8% | -6.1% |
Mortgage and Risk — Memorial, Houston, TX
According to HUD data as of 2023, there were 469 mortgage originations in Memorial, Houston, TX, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Memorial, Houston, TX. Investor activity is low, as 1.0% 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 | 469 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Memorial, Houston, TX
As of 2024, the percent of homes in Memorial, Houston, TX under the Section 8 program is 0.2%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Memorial, Houston, TX, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,420 | $1,520 |
| 2 Bedroom | -$30 | $1,850 | $1,820 |
| 3 Bedroom | $130 | $2,300 | $2,430 |
| 4 Bedroom | -$1,440 | $4,500 | $3,060 |
Affordability — Memorial, Houston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $696,000 |
| Median Household Income | $103,000 |