ZIP 77023 — Houston, TX: rental yield & market data
Gross rental yield of 6.55% — ranked #349 of 741 Texas ZIP codes. June 2026 data.
Gross rental yield
6.55%
Home value
$251,938
Market rent / mo
$1,375
Price-to-rent
15.3
Trend
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -7.0% | -3.4% |
| Market rent | -1.0% | +22.0% |
Metro: Houston-The Woodlands-Sugar Land, TX · County: Harris County · Annual rent: $16,500
Comparable ZIP codes in Texas
Similar home values, sorted by yield — the cheapest way to see if 77023 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 77047 | Houston | TX | $252,409 | $1,922 | 9.14% | 10.9 | -2.5% |
| 76140 | Everman | TX | $251,727 | $1,901 | 9.06% | 11.0 | -2.6% |
| 76134 | Fort Worth | TX | $252,198 | $1,864 | 8.87% | 11.3 | -1.3% |
| 79934 | El Paso | TX | $252,857 | $1,834 | 8.71% | 11.5 | +2.4% |
| 77002 | Houston | TX | $250,540 | $1,810 | 8.67% | 11.5 | -3.1% |
| 75051 | Grand Prairie | TX | $251,771 | $1,512 | 7.20% | 13.9 | -1.7% |
| 75223 | Dallas | TX | $253,116 | $1,467 | 6.95% | 14.4 | -4.2% |
| 76710 | Waco | TX | $254,069 | $1,145 | 5.41% | 18.5 | -0.7% |
Top rental yields in all of Texas →
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