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Housing market/Texas/ZIP 77087

ACS 2023 · FY2027 SAFMR

ZIP 77087 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
35,192
Households
11,139
Median HH income
$53,624
Renter share
44.6%
Median gross rent
$1,015
Vacancy
10.2%
Pop. change
-4.5%
2BR SAFMR
$1,130
SAFMR / rent
1.113×
2–49 unit stock
3,246
LIHTC proj / units
4 / 542
HUD assisted MF
3 / 310

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 77087 · TX — sent to you.

ZIP 77087 · TX

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ACS rent vs 2BR SAFMR

ZIP 77087 — Houston, TX HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,015
2BR SAFMR$1,130
90% floor$1,017
110% ceiling$1,243

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

Housing stock

ACS 2023 units-in-structure · ZCTA 77087

  • 1-unit detached7,46860.4%
  • 1-unit attached5474.4%
  • 2–4 units7596.1%
  • 5–49 units2,48720.1%
  • 50+ units7756.3%
  • Mobile3372.7%
TypeUnitsShare
1-unit detached7,46860.2%
1-unit attached5474.4%
2 units (duplex)3663.0%
3–4 units3933.2%
5–9 units1,1669.4%
10–19 units9958.0%
20–49 units3262.6%
50+ units7756.3%
Mobile3372.7%

2–4 unit share 6.1% · 5–49 unit share 20.1% · combined 2–49 26.2%.

Units by bedrooms

Studio
789
1BR
2,287
2BR
2,963
3BR
4,795
4BR
1,340
5+
226

Rent burden

Rent ≥30% of income51.1%
Rent ≥50% of income22.7%
  • ACS median gross rent $1,015 (all bedrooms, occupied rentals).
  • Median contract rent $870.
  • Renters paying ≥30% of income 51.1%; ≥50% 22.7%.
  • FY2027 2BR SAFMR $1,130 (1.113× ACS median gross rent).

Population

35,192 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.5%.

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

Assisted inventory

  • LIHTC: 4 projects, 542 units.
  • HUD project-based assisted MF: 3 properties, 310 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 77087 44.6% of occupied households are renters; vacancy is 10.2%; ACS median gross rent is $1,015; population changed -4.5% between the 2018 and 2023 ACS vintages; the housing stock includes 759 units in 2–4-unit structures and 2,487 units in 5–49-unit structures; 4 LIHTC projects totaling 542 units; FY2027 2BR SAFMR is $1,130 versus ACS median gross rent of $1,015. 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 77087 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 77087 — 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$2,25077008Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area41.0%$1,567$1,81077009Houston-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$1,020

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 77087?

ZIP 77087 (Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area) has 35,192 residents, 11,139 households, a renter share of 44.6%, median household income of $53,624, and ACS 2023 median gross rent of $1,015. Vacancy is 10.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 77087?

ACS counts 366 units in 2-unit buildings, 393 in 3–4 unit buildings, 1,166 in 5–9, 995 in 10–19, and 326 in 20–49. Combined 2–49 unit stock is 3,246 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 77087?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,130. See the full schedule and 90–110% payment-standard band on the ZIP 77087 — Houston, TX HUD Section 8 Payment Standards / SAFMR.

Does this Texas ZIP profile include Georgia listings?

No. ZIP 77087 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.