Renter percentages in zip code 77539 have shown a slight decrease over time, from 24% in 2013 to 23% in 2022. Interestingly, average rent prices have increased during this period, from $1,186 in 2013 to $1,322 in 2022, representing an 11.5% increase. This trend suggests that despite rising rent prices, the area has maintained its appeal to homeowners, possibly due to the even more significant increase in home values.

In 2023 and 2024, the average home prices in zip code 77539 continued to rise, albeit at a slower pace. The average home price in 2023 was $280,690, and in 2024 it reached $282,318. This represents a modest increase of 0.58% from 2023 to 2024. Notably, federal interest rates also increased significantly during this period, reaching 5.02% in 2023 and 5.33% in 2024, which may have contributed to the slowing of home price growth.

Looking ahead, predictive models suggest that average home prices in zip code 77539 may continue to rise over the next five years, but at a more moderate pace compared to the rapid growth seen in the previous decade. Average rent prices are also expected to increase, potentially at a rate slightly above inflation, as the area's population continues to grow and demand for housing remains strong.

In summary, zip code 77539 has demonstrated robust growth in both population and housing values over the past decade. The area has maintained a high rate of homeownership despite significant increases in average home prices. The relationship between low interest rates and strong homeownership rates has been evident, although recent increases in interest rates may impact future trends. As the population continues to grow and housing demand remains high, both home prices and rent prices are expected to continue their upward trajectory, albeit at a more moderate pace.