77365, Porter, TX

The 77365 zip code of Porter, TX has a median home value of $128,000 and a median home equity value of $111,000. These values are above the Texas statewide median home value of $106,200 and the national median home equity value of $117,200. The Porter area has seen an increase in home values over the past five years as prices have increased by 8.5%.

The majority (86%) of homes in the 77365 zip code are owner-occupied while 14% are rented. Home ownership rates in this area are above the statewide homeownership rate of 68% and the national homeownership rate of 63%. The average length of time that residents have owned their homes is 7.4 years which is above the statewide average length of time homeowners have owned their homes (6.9 years) and the national average length of time homeowners have owned their homes (7.1 years).

Home prices in Porter have increased significantly over the past five years as shown by an 8.5% increase from 2013 to 2017 according to Zillow data. This is higher than both Texas’ 5% growth rate over this period and the nationwide 6% growth rate during this same period. It is also higher than Porter’s historical growth rate which has been around 2-3%. There are several factors that could be contributing to this increase in home prices including population growth (+2%), low interest rates (+0%), and limited supply (-10%).