ZIP 77047 - 860Z200US77047 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 77047 in Houston, Texas, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the area’s population, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer seeking an affordable community, an investor eyeing growth potential, or a small-business owner scouting a customer base, these insights will help you make informed decisions about 77047.

Population & Households

ZIP code 77047 is home to a vibrant community of 35,248 residents as of 2023. This population is spread across 12,802 households, indicating a mix of family and individual living arrangements. With 13,288 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest availability for new residents or investors looking to purchase property. The size of this community offers a balance of suburban density with room for growth, making it appealing for those seeking a stable yet dynamic environment.

Income & Housing Costs

The median household income in ZIP 77047 stands at $73,947, reflecting a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median house value is $224,200, which positions 77047 as a relatively affordable market compared to other parts of Houston. For renters, the median monthly rent is $1,719, indicating a significant cost for leasing but still within reach for households earning near the median income. These figures suggest that 77047 offers a balanced cost of living, attractive to both buyers and renters looking for value.

Race & Ethnicity

The cultural makeup of ZIP 77047 is notably diverse, creating a rich community fabric. The racial composition in 2023 shows that 57.29% of residents identify as Black, making it the largest demographic group. Hispanic residents account for 29.12% of the population, while White residents make up 5.64%, and Asian residents comprise 3.2%. This diversity can be a draw for those seeking an inclusive environment, as well as for businesses aiming to serve a varied customer base. The mix of backgrounds in 77047 contributes to a unique local identity that shapes everything from community events to market demands.

Key Facts

• Total population in ZIP 77047: 35,248 residents.
• Total households: 12,802, with 13,288 total housing units available.
• Median household income: $73,947, supporting a stable economic base.
• Median house value: $224,200, offering affordability in the Houston area.
• Median monthly rent: $1,719, reflecting a competitive rental market.
• Racial diversity: 57.29% Black, 29.12% Hispanic, 5.64% White, 3.2% Asian.

What This Means for You

For homebuyers, ZIP 77047 presents an opportunity to enter a market with reasonable home prices, with a median value of $224,200. The slight surplus of housing units could mean less competition when searching for a property. Investors and real estate agents might find potential in this area due to its growing population and affordable entry points, ideal for rental properties or future appreciation. The median rent of $1,719 suggests a steady demand for leasing, which could yield consistent returns. Small-business owners can benefit from the diverse population of over 35,000, tailoring products or services to a wide range of cultural preferences and needs. Finally, analysts can use these metrics to track trends in suburban Houston markets, noting the economic stability signaled by the median income of $73,947. Whether you’re settling down or strategizing, 77047 offers a foundation worth exploring.

Run This Study Yourself

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