JeffCroweCRE

Housing market/Texas/ZIP 77008

ACS 2023 · FY2027 SAFMR

ZIP 77008 Houston, Texas

Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area · Texas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
40,155
Households
19,513
Median HH income
$142,414
Renter share
41.0%
Median gross rent
$1,567
Vacancy
5.8%
Pop. change
+17.5%
2BR SAFMR
$1,810
SAFMR / rent
1.155×
2–49 unit stock
3,073
LIHTC proj / units
2 / 228
HUD assisted MF
4 / 249

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 77008 · TX — sent to you.

ZIP 77008 · TX

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 77008 — Houston, TX HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,567
2BR SAFMR$1,810
90% floor$1,629
110% ceiling$1,991

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 77008

  • 1-unit detached13,07063.1%
  • 1-unit attached1,0365.0%
  • 2–4 units5892.8%
  • 5–49 units2,48412.0%
  • 50+ units3,45016.7%
  • Mobile800.4%
TypeUnitsShare
1-unit detached13,07063.1%
1-unit attached1,0365.0%
2 units (duplex)1060.5%
3–4 units4832.3%
5–9 units6363.1%
10–19 units1,0054.9%
20–49 units8434.1%
50+ units3,45016.7%
Mobile800.4%

2–4 unit share 2.8% · 5–49 unit share 12.0% · combined 2–49 14.8%.

Units by bedrooms

Studio
1,330
1BR
3,774
2BR
4,483
3BR
8,832
4BR
2,103
5+
187

Rent burden

Rent ≥30% of income38.0%
Rent ≥50% of income12.8%
  • ACS median gross rent $1,567 (all bedrooms, occupied rentals).
  • Median contract rent $1,421.
  • Renters paying ≥30% of income 38.0%; ≥50% 12.8%.
  • FY2027 2BR SAFMR $1,810 (1.155× ACS median gross rent).

Population

40,155 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +17.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 228 units.
  • HUD project-based assisted MF: 4 properties, 249 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 11,737 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 77008 41.0% of occupied households are renters; vacancy is 5.8%; ACS median gross rent is $1,567; population increased +17.5% between the 2018 and 2023 ACS vintages; the housing stock includes 589 units in 2–4-unit structures and 2,484 units in 5–49-unit structures; 2 LIHTC projects totaling 228 units; FY2027 2BR SAFMR is $1,810 versus ACS median gross rent of $1,567. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Texas research

ZIP 77008 is a Census / HUD profile for Houston-The Woodlands-Sugar Land, TX. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 77008 — Houston, TX HUD Section 8 Payment Standards / SAFMR·Texas ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
77001Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area——$1,47077002Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area90.7%$1,860$2,25077003Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area54.8%$1,562$1,76077004Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area62.3%$1,320$1,48077005Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area27.6%$2,058$2,23077006Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area65.1%$1,761$2,25077007Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area54.0%$1,951$2,25077009Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area41.3%$1,229$1,34077010Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area100.0%$3,269$2,25077011Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area48.8%$1,063$1,13077012Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area58.5%$944$1,02077013Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area59.3%$1,136$1,230

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Texas research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 77008?

ZIP 77008 (Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area) has 40,155 residents, 19,513 households, a renter share of 41.0%, median household income of $142,414, and ACS 2023 median gross rent of $1,567. Vacancy is 5.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 77008?

ACS counts 106 units in 2-unit buildings, 483 in 3–4 unit buildings, 636 in 5–9, 1,005 in 10–19, and 843 in 20–49. Combined 2–49 unit stock is 3,073 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 77008?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,810. See the full schedule and 90–110% payment-standard band on the ZIP 77008 — Houston, TX HUD Section 8 Payment Standards / SAFMR.

Does this Texas ZIP profile include Georgia listings?

No. ZIP 77008 is Census / HUD research for Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Jeff Crowe CRE does not list Texas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.