How much is a home worth in ZIP code 77038?

The typical home in 77038 is worth $219,972, based on the Zillow Home Value Index.

Are home values rising in 77038?

Home values in 77038 are down 3.2% over the past year, and up 4.0% a year over five years.

What is the typical rent in 77038?

A typical home in 77038 rents for about $1,749 a month, a gross rental yield of 9.5%.

What is the property tax rate in 77038?

The effective property tax rate in 77038 is 1.7% — roughly $3,696 a year on a typical home.

ZIP code 77038 has a population of 32,637 and a median household income of $57,232.

HousingHandbookReference data

…

U.S. ZIP Code · TX77038

Harris County · Houston-Pasadena-The Woodlands, TX

Typical home value

$219,972^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.2%
5-year / yr: +4.0%
10-year / yr: +6.0%

Relative price

vs U.S.: -22.6%
vs metro: -20.1%
vs state: -16.0%

Price history

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

The typical home in 77038 is worth $219,972 — 20.1% below the Houston-Pasadena-The Woodlands, TX median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $1,749 a month — a 9.5% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,749^[2]
Gross yield: 9.5%^[2]
Cap rate: 5.7%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,696^[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: 32,637^[3]
Median household income: $57,232^[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: 11
Elementary: 7
Middle: 2
High: 2

BLANSON CTE H S
High · Grades 9–12 · ALDINE ISD
1,277 students
GARCIA MIDDLE
Middle · Grades 6–8 · ALDINE ISD
965 students
HARMONY SCHOOL OF ADVANCEMENT-HOUSTON
High · Grades 9–12 · HARMONY PUBLIC SCHOOLS - HOUSTON NORTH
789 students
CARTER ACADEMY
Elementary · Grades 1–5 · ALDINE ISD
697 students
HARMONY SCHOOL OF TECHNOLOGY-HOUSTON
Middle · Grades 6–8 · HARMONY PUBLIC SCHOOLS - HOUSTON NORTH
691 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 yield9.5%

Net yield (after ~40% expenses)5.7%

Annual rent$20,985

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$1,112

Loan principal$175,977

Down payment$43,994

Total interest paid$224,449

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 ratio0.92

Monthly cost to own$1,604

Monthly rent$1,749

Owning 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: 68th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 87th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 77038?: The typical home in 77038 is worth $219,972, based on the Zillow Home Value Index.
Are home values rising in 77038?: Home values in 77038 are down 3.2% over the past year, and up 4.0% a year over five years.
What is the typical rent in 77038?: A typical home in 77038 rents for about $1,749 a month, a gross rental yield of 9.5%.
What is the property tax rate in 77038?: The effective property tax rate in 77038 is 1.7% — roughly $3,696 a year on a typical home.
Who lives in 77038?: ZIP code 77038 has a population of 32,637 and a median household income of $57,232.

#Comparable ZIPs

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

77086 vs 77038 →
Houston, TX
Typical home
$220,502
Gross yield
6.8%
77048 vs 77038 →
Houston, TX
Typical home
$218,556
Gross yield
9.5%
77564
Hull CDP, TX
Typical home
$221,825
Gross yield
—
77099
Houston, TX
Typical home
$221,864
Gross yield
6.6%
77518
Bacliff CDP, TX
Typical home
$217,424
Gross yield
9.3%
77088
Houston, TX
Typical home
$217,283
Gross yield
9.6%

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#Jump to section

U.S. ZIP Code · TX77038

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