The story of this market
The typical home in ZIP 77423 sells for about $335,000, or $175 per square foot.
Prices are down 14.5% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 77423 — Brookshire
The 77423 housing market is experiencing a cooling phase, evidenced by a 14.5% year-over-year decline in median prices and elevated inventory levels. While new construction in master-planned communities continues, the broader market faces headwinds from higher interest rates and increased supply, leading to a more competitive environment for sellers.
This ZIP is ideal for family buyers seeking new construction in master-planned communities and commuters looking for a balance between suburban space and access to the Houston employment core.
Median prices moved down 14.5% year over year.
Homes spend a median of 88 days on market with 6.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 11.2% — 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 6.8%/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 6.0%/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 77423
Crime rates in the Brookshire area are generally considered moderate, with trends remaining stable relative to regional averages in the Greater Houston area.
The area is served by a mix of districts including Royal ISD and portions of Katy ISD, with school quality varying significantly between the rural and master-planned community segments.
The region faces moderate flood risk due to its proximity to the Brazos River basin and coastal weather patterns, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by residential expansion in master-planned communities like Jordan Ranch and proximity to the I-10 energy corridor, attracting new families and commuters.
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 utilize the I-10 corridor for access to the Energy Corridor and downtown Houston, with drive times heavily dependent on peak-hour traffic congestion.
Local amenities include community parks within master-planned developments, proximity to regional nature preserves, and basic retail shopping centers located along the I-10 frontage.
The rental market is characterized by a mix of single-family home rentals in new subdivisions and older housing stock, with vacancy pressure increasing as new supply enters the market.
The local economy is anchored by logistics, distribution centers along the I-10 corridor, and the growing residential services sector supporting the influx of new residents.
Transportation is heavily reliant on private vehicles, with I-10 serving as the primary artery for regional connectivity.
Development is focused on the expansion of master-planned communities and associated commercial retail infrastructure along the highway frontage.
Property assessments are managed by the Waller and Fort Bend Central Appraisal Districts, which conduct annual valuations based on market sales data.
Parcels are subject to various MUDs and PIDs that provide utility services and infrastructure financing for new residential developments.
Property insurance premiums are rising due to regional weather risks, with flood insurance being a critical consideration for many homeowners.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Features resort-style pools, fitness centers, and community trails.
Provides local green space and recreational facilities for residents.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).