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A middling-yield market. Neither rent nor appreciation makes the case on its own.
What would change this read: a price correction (median already −5.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +1.6% YoY, is the number to watch.
The median listing price is down 5.6% YoY while the median home got down 2.0% bigger, so value per square foot is down 4.0%.
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 $2,350/mo: 0.62% of price per month against the 1% rule's 1.00%.
Sales here take about 151 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 77385 itself, not its parent county.
Renters hold 24.7% of this ZIP's 9,666 occupied households, on a median household income of $117K.
| Measure | ZIP 77385 | Montgomery County | Difference |
|---|---|---|---|
| Median Household Income | $117K | $98K | +$19K |
| Below Poverty Level | 6.4% | 9.4% | -3.0% |
| Median Age | 34.80 | 37.20 | -2.40 |
| Total Population | 28,156 | 684,432 | -- |
| Avg Household Size | 2.91 | 2.75 | +0.16 |
| Owner-Occupied | 75.3% | 71.8% | +3.5% |
| Worked From Home | 14.9% | 15.9% | -1.0% |
| Mean Commute | 31.40 | 31.80 | -0.40 |
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.