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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −5.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −10.5% YoY, is the number to watch.
The median listing price is down 5.7% YoY while the median home got down 8.3% bigger, so value per square foot is up 0.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $380K purchase rents for $2,075/mo: 0.55% of price per month against the 1% rule's 1.00%.
Not shown: Studio (sale only, no matching rent), 6 BR (sale only, no matching rent).
Sales here take about 16 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 77304 itself, not its parent county.
Renters hold 42.8% of this ZIP's 18,902 occupied households, on a median household income of $80K.
| Measure | ZIP 77304 | Montgomery County | Difference |
|---|---|---|---|
| Median Household Income | $80K | $98K | -$17K |
| Below Poverty Level | 8.2% | 9.4% | -1.2% |
| Median Age | 35.10 | 37.20 | -2.10 |
| Total Population | 44,225 | 684,432 | -- |
| Avg Household Size | 2.31 | 2.75 | -0.44 |
| Owner-Occupied | 57.2% | 71.8% | -14.6% |
| Worked From Home | 15.2% | 15.9% | -0.7% |
| Mean Commute | 26.10 | 31.80 | -5.70 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 4.5% to 684,432: residents under 18 are up 3.6% and those 65 and over are up 6.2%.
County median household income is $98K, 9.4% of residents are below the poverty level, 15.9% work from home.