77506 ZIP Code Housing Market
$201,700median sale price
Quick answer: The median home sale price in ZIP code 77506 is $201,700, up 12.1% year-over-year. Homes sell in an average of 71 days with 51 active listings. The market is currently a buyer's market.
Is the 77506 ZIP code a buyer's or seller's market?
ZIP code 77506 is currently a buyer's market and homes selling in about 71 days. How we determine this →
77506 market data
| Metric | Value |
|---|---|
| Median sale price | $201,700 |
| Median list price | $225,000 |
| Year-over-year price change | +12.1% |
| Average days on market | 71 days |
| Active inventory | 51 listings |
| Sale-to-list price ratio | 94.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 77506 zip code, located in McGregor, TX, is currently classified as a buyer's market. The median sale price stands at $201,700, representing a +12.1% change year over year. Homes in this area spend an average of 71 days on the market before going under contract. There are currently 51 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 77506 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
18
Last 12 weeks
Days on market
71
Average pace
Active listings
51
Sale-to-list
94.8%
Below asking
Market trends
Market analysis for 77506
The 77506 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 94.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 77506 have increased +12.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 77506 stands at $163,446, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,268 per month. This gives a price-to-rent ratio of approximately 10.7, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
35,114
Median income
$49,586/yr
Median age
30.1 years
Owner-occupied
4085.0%
College grads
551.0%
Avg commute
35.67 min
Living in 77506
Zip code 77506 is home to approximately 35,114 residents. The median household income is $49,586 per year, which shapes the types of homes and amenities available in the area. With a median age of 30.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 4085.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 551.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 35.67 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 77506.
Top public schools in ZIP 77506
10 schools tracked · 6,388 students
The largest public schools serving ZIP code 77506 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PASADENA H S
Grades 9-12 · 2,209 students
POMEROY EL
Grades PK-4 · 753 students
JACKSON INT
Grades 7-8 · 561 students
RED BLUFF EL
Grades PK-4 · 507 students
DE ZAVALA MIDDLE
Grades 5-6 · 505 students
RICHEY EL
Grades PK-4 · 484 students
GARDENS EL
Grades PK-4 · 425 students
KRUSE EL
Grades PK-4 · 423 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 77506
What is the median home price in 77506?
The current median sale price in 77506 is $201,700, based on recent Redfin transaction data. Prices have changed +12.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 77506 a buyer's or seller's market?
The 77506 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 77506?
Zip code 77506 has a population of approximately 35,114 residents. The median household income is $49,586 per year. About 4085.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 77506?
Properties Incorporated provides comprehensive data for 77506 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 77506 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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