How much is a home worth in ZIP code 77023?

The typical home in 77023 is worth $253,801, based on the Zillow Home Value Index.

Are home values rising in 77023?

Home values in 77023 are down 7.3% over the past year, and up 0.1% a year over five years.

What is the typical rent in 77023?

A typical home in 77023 rents for about $1,335 a month, a gross rental yield of 6.3%.

What is the property tax rate in 77023?

The effective property tax rate in 77023 is 1.1% — roughly $2,744 a year on a typical home.

ZIP code 77023 has a population of 24,281 and a median household income of $51,430.

HousingHandbookReference data

…

U.S. ZIP Code · TX77023

Harris County · Houston-Pasadena-The Woodlands, TX

Typical home value

$253,801^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -7.3%
5-year / yr: +0.1%
10-year / yr: +4.1%

Relative price

vs U.S.: -10.7%
vs metro: -7.8%
vs state: -3.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 77023 is worth $253,801 — 7.8% below the Houston-Pasadena-The Woodlands, TX median. Over the past year, values have fallen 7.3%. Homes here rent for a typical $1,335 a month — a 6.3% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,335^[2]
Gross yield: 6.3%^[2]
Cap rate: 3.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $2,744^[3]

#Climate risk

FEMA National Risk Index ratings for Harris County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively High
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Very High
Hurricane: Very High
Tornado: Very High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 24,281^[3]
Median household income: $51,430^[3]

#Migration

Household moves in and out of Harris County over a year, from IRS tax-return data.

Net migration: -7,225^[5]
Moved in: 94,726
Moved out: 101,951

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 5
Middle: 3
High: 3

AUSTIN H S
High · Grades 9–12 · HOUSTON ISD
1,286 students
KIPP EXPLORE ACADEMY
Elementary · Grades PK–4 · KIPP TEXAS PUBLIC SCHOOLS
852 students
GEORGE I SANCHEZ CHARTER
Other · Grades PK–12 · GEORGE I SANCHEZ CHARTER
670 students
KIPP EAST END H S
High · Grades 9–12 · KIPP TEXAS PUBLIC SCHOOLS
601 students
HENDERSON J EL
Elementary · Grades PK–5 · HOUSTON ISD
539 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.3%

Net yield (after ~40% expenses)3.8%

Annual rent$16,019

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,283

Loan principal$203,041

Down payment$50,760

Total interest paid$258,967

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.29

Monthly cost to own$1,723

Monthly rent$1,335

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 3rd percentile^[1]
Rental yield: 46th percentile^[2]
Property tax: 18th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 77023?: The typical home in 77023 is worth $253,801, based on the Zillow Home Value Index.
Are home values rising in 77023?: Home values in 77023 are down 7.3% over the past year, and up 0.1% a year over five years.
What is the typical rent in 77023?: A typical home in 77023 rents for about $1,335 a month, a gross rental yield of 6.3%.
What is the property tax rate in 77023?: The effective property tax rate in 77023 is 1.1% — roughly $2,744 a year on a typical home.
Who lives in 77023?: ZIP code 77023 has a population of 24,281 and a median household income of $51,430.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

77075 vs 77023 →
Houston, TX
Typical home
$253,576
Gross yield
6.2%
77081 vs 77023 →
Houston, TX
Typical home
$254,365
Gross yield
5.3%
77521
Baytown, TX
Typical home
$255,089
Gross yield
7.3%
77047
Houston, TX
Typical home
$252,291
Gross yield
9.3%
77563
Hitchcock, TX
Typical home
$255,925
Gross yield
6.9%
77082
Houston, TX
Typical home
$256,074
Gross yield
6.2%

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Pit ZIP 77023 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TX77023

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