The story of this market
The typical home in ZIP 77358 sells for about $317,000, or $175 per square foot.
Prices are down 48.5% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 77358 — New Waverly
The 77358 housing market is currently experiencing a cooling phase, with a significant year-over-year price correction and rising inventory levels. High interest rates and a shift in buyer demand toward more affordable regional hubs are driving the current market temperature. Despite the price volatility, the area remains a stable choice for those seeking rural-fringe living.
This ZIP is best suited for families and individuals seeking rural living with access to national forest amenities, while still maintaining a manageable commute to larger regional employment hubs.
Median prices moved down 48.5% year over year.
Homes spend a median of 49 days on market with 6.2 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 9.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 77358
Crime rates in the New Waverly area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the 77358 ZIP code are primarily part of the New Waverly Independent School District, which maintains a moderate performance rating.
The area is subject to standard Texas wind and storm risks; flood risk varies significantly by proximity to local creeks and the Sam Houston National Forest boundaries.
Economic momentum is driven by proximity to the Conroe and Huntsville employment hubs, with ongoing residential expansion into the rural-fringe areas of Walker County.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Commuters primarily rely on I-45 for access to major employment centers in Conroe and The Woodlands, with average commute times exceeding 30 minutes.
The area is anchored by the Sam Houston National Forest, offering extensive hiking, camping, and outdoor recreation, with limited retail and dining options located within the immediate ZIP.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The local economy is supported by forestry, agriculture, and service-sector jobs, with many residents commuting to the Conroe and Huntsville metropolitan areas.
Transportation is heavily dependent on private vehicles, with I-45 serving as the primary north-south artery for regional connectivity.
Development is focused on low-density residential growth, with limited commercial infrastructure projects currently in the pipeline.
The Walker County Appraisal District manages property assessments, focusing on market-value adjustments for rural and residential land parcels.
Parcels are subject to New Waverly ISD taxes and various county-level special districts for emergency services and road maintenance.
Property insurance premiums are influenced by regional wildfire risk and storm exposure, with rates trending upward in line with broader Texas market conditions.
The state continues to see positive net domestic migration, driven by job growth in the Houston-The Woodlands-Sugar Land MSA.
Texas operates as a non-judicial foreclosure state, allowing for expedited processes under the deed of trust framework.
Sellers are required to provide a standard Texas Real Estate Commission (TREC) Seller's Disclosure Notice detailing the condition of the property.
Data retrieved from data.census.gov ZCTA 77358 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- 7 Acre Wood4.314.5 mi
- The Christmas Village4.24 mi
- Conroe Aquatic Center Waterpark4.217.9 mi
- Your Game Show Place514.8 mi
- The Lone Star Convention & Expo Center4.617 mi
- Montgomery County Fairgrounds4.616.6 mi
- P-6 Farms - Houston's Best Pumpkin Patch & Fall Festival4.316.8 mi
- Sacred Heart Catholic Church4.818.7 mi
- Golden Corral Buffet & Grill4.117.6 mi
- Huntsville State Park4.73.9 mi
- Texas Prison Museum4.711.6 mi
- The Christmas Village4.24 mi
- John Burge Park at Shadow Lakes4.713 mi
- Kate Barr Ross Memorial Park4.311.8 mi
- Sam Houston Statue4.76.5 mi
- Texas Prison Museum4.711.6 mi
- Sam Houston Memorial Museum and Republic of Texas Presidential Library4.810 mi
- Kim's Home and Garden Center, Inc.4.69 mi
- HEARTS Veterans Museum of Texas4.811.6 mi
- Huntsville State Park4.73.9 mi
- Lone Star Trail Trailhead #64.76.1 mi
- John Burge Park at Shadow Lakes4.713 mi
- Kate Barr Ross Memorial Park4.311.8 mi
- Eastham Thomason Park4.510.9 mi
- Bentwater Yacht & Country Club4.511.4 mi
- Willis Supermarket4.111.1 mi
- Ross Dress for Less4.19.6 mi
- Marshalls4.49.5 mi
- Brookshire Brothers4.310.2 mi
- Dollar General49 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large-scale public land offering hiking, hunting, and fishing.
Nearby recreational lake providing boating and water sports access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.