77004, Houston, TX

Houston, TX is one of the most populous cities in the United States and has a population of over 2 million people. The 77004 zip code is located in Houston and has a population of over 197,000 people. Home equity is an important part of many Americans' lives and home prices are often used as a measure of economic health.

According to Zillow, the median home value in the 77004 zip code was $269,200 in February 2018. This represents an increase of 5.5% from February 2017 and indicates that the market is continuing to recover from the housing crisis that began in 2007. The average home value in this zip code has increased by 10% since 2013 and 20% since 2007.

The recovery in home values has been particularly strong in neighborhoods near downtown Houston. In particular, neighborhoods near Rice University have seen significant increases in home values due to increasing demand for housing close to amenities such as restaurants and shopping centers. However, even neighborhoods outside of downtown Houston have seen modest increases in home values over the past few years due to increased demand for housing across all price ranges.

Despite strong growth throughout much of the 77004 zip code, there are still areas where prices are lower than average or where homes are not yet available for sale due to high demand. Areas near Hobby Airport and George Bush Intercontinental Airport have seen some of the highest rates of growth within this zip code due to their proximity to major employment centers. Additionally, areas near Interstate 45 (the Katy Freeway) have also experienced high rates of growth due to their proximity to large corporate campuses such as ExxonMobil and Samsung Electronics America Incorporated