Houston-The Woodlands-Sugar Land, TX · Texas
Waller County
ZIP 77423
59,455 residents328 permits TTM$76,135 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$292,000
ACS 5-Year
Cap rate proxy
6.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.1%
HUD FMR ÷ ACS HHI
Net migration
+3.23%
IRS SOI
Permits (TTM)
328
Census BPS
Climate risk
70.3
FEMA NRI (0–100)
ZIP 77423
Median home value
$292,000
Gross yield
6.2%
Buy Box score
0.7
Section 8 gap
24.0%
Affordability
P/I: 4.8R/I: 32.2%
Section 8 detail
SAFMR: $1,500Rent: $1,210Gap: 24.0%
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 77423 | $292,000 | $1,500 | 6.2% | 0.7 | 24.0% |
| 77445 | $292,000 | $1,300 | 5.3% | 0.7 | 7.4% |
| 77484 | $292,000 | $1,300 | 5.3% | 0.4 | 7.4% |
| 77446 | $292,000 | $1,140 | 4.7% | — | -5.8% |
| 77466 | $292,000 | $1,480 | 6.1% | — | 22.3% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
70.5%
Census ACS
Vacancy rate
9.9%
Census ACS
Bachelor's degree +
26.6%
Census ACS
Rent burdened
38.6%
Census ACS (>30% income)
Median age
30.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026