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Sarah Mitchell
Compass Real Estate · ZIP 77642
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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77642 ZIP Code Housing Market
$168,000median sale price
What is the 77642 housing market like right now?
The median home sale price in ZIP code 77642 is $168,000, down 1.2% year-over-year. Homes sell in an average of 53 days with 29 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 77642 ZIP code a buyer's or seller's market?
ZIP code 77642 is currently a buyer's market and homes selling in about 53 days. How we determine this →
What are the latest 77642 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $168,000 |
| Median list price | $209,700 |
| Year-over-year price change | -1.2% |
| Average days on market | 53 days |
| Active inventory | 29 listings |
| Sale-to-list price ratio | 93.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The 77642 zip code, located in Groves, TX, is currently classified as a buyer's market. The median sale price stands at $168,000, representing a -1.2% change year over year. Homes in this area spend an average of 53 days on the market before going under contract. There are currently 29 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 77642 sits in the Groves, TX area, roughly 1.7 miles from downtown Groves. Because home prices are set street by street, this ZIP can move differently from Groves's citywide averages. The figures below reflect 77642 specifically — drawn from Redfin transactions, U.S. Census data for its 38,358 residents, and Zillow value estimates.
Homes sold
33
Last 12 weeks
Days on market
53
Average pace
Active listings
29
Sale-to-list
93.0%
Below asking
What is driving the 77642 housing market?
The 77642 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 93.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 77642 have declined -1.2% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 77642 stands at $129,784, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,319 per month. This gives a price-to-rent ratio of approximately 8.2, 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.
Who lives in 77642?
Population
38,358
Median income
$42,950/yr
Median age
32.3 years
Owner-occupied
53.0%
College grads
11.6%
Avg commute
23.59 min
What is it like living in 77642?
Zip code 77642 is home to approximately 38,358 residents. The median household income is $42,950 per year, which shapes the types of homes and amenities available in the area. With a median age of 32.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 53.0% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 11.6% 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 23.59 minutes, which is close to the national average. 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 77642.
Which public schools serve ZIP 77642?
14 schools tracked · 8,817 students
The largest public schools serving ZIP code 77642 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.
MEMORIAL H S
Grades 9-12 · 2,068 students
JEFFERSON MIDDLE
Grades 6-8 · 847 students
HOUSTON EL
Grades PK-5 · 748 students
TYRRELL EL
Grades PK-5 · 699 students
BOB HOPE SCHOOL - EL CAMPUS
Grades PK-5 · 642 students
STAFF SERGEANT LUCIAN ADAMS EL
Grades PK-5 · 628 students
LAKEVIEW EL
Grades PK-5 · 578 students
BOB HOPE H S
Grades 9-12 · 551 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 77642
What is the median home price in 77642?
The current median sale price in 77642 is $168,000, based on recent Redfin transaction data. Prices have changed -1.2% 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 77642 a buyer's or seller's market?
The 77642 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 of zip code 77642?
Zip code 77642 has a population of approximately 38,358 residents. The median household income is $42,950 per year. About 53.0% 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 77642?
Properties Incorporated provides comprehensive data for 77642 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 77642 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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