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ZIP 77516 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 77516

Median Home Value
$139,300
Median Rent
$812
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$895/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 77516, a household would need roughly $38,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $895. That sits below the local median household income ($89,777), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
61.2%-6% vs US avg
x
Vacancy Rate
9.7%-6% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
12.6%-75% vs US avg
x
Mortgage-Free
47.3%+24% vs US avg
x
$139,300
Home Value
$812
Rent
1964
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.6%
  • 1-unit attached5.1%
  • 2-9 units2.6%
  • 10+ units6.9%
  • Mobile home & other9.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$139,300
Median rent$812
Owner-occupied61.2%
Vacant9.7%
Price-to-income1.6x
Est. income to buy$38,000