The story of this market
The typical home in ZIP 77551 sells for about $269,000, or $229 per square foot.
Prices are down 5.5% from a year ago, which gives buyers more room to negotiate. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,352 a month.
ZIP 77551 — Galveston
The 77551 housing market exhibits a steady pricing level with a median listing price of $269,000. The market is characterized by a high renter population and ongoing affordability challenges, with median household income significantly below the national average.
This ZIP is well-suited for renters and those seeking a more affordable coastal living environment, given the higher-than-average renter share and lower median household income compared to the metro area.
Median prices moved down 5.5% year over year.
Homes spend a median of 39 days on market with 3.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 95.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 18.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 77551, Galveston County TX
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
The mean commute time for residents is approximately 20.6 minutes.
The area features access to local retail hubs such as Galveston Place Shopping Center and Palms Crossing, which provide a variety of dining and shopping options.
The rental market is characterized by a high renter share and a median asking rent of $1,800, with ongoing pressure on affordability.
The local economy is influenced by the broader Houston-Pasadena-The Woodlands metro area, with a mix of retail and service-sector employment.
Data retrieved from Census Reporter and PlainZIP.
- Moody Gardens Attractions Theme Park4.50.9 mi
- Galveston Island Historic Pleasure Pier4.42.9 mi
- Schlitterbahn Waterpark Galveston4.11.1 mi
- Aquarium At Moody Gardens4.61 mi
- Bay Area Raceway4.518.5 mi
- Galveston Island Convention Center at The San Luis Resort4.61.1 mi
- Golden Corral Buffet & Grill4.21 mi
- Stingaree Restaurant & Marina4.519.8 mi
- Gilhooley's Restaurant and Oyster Bar4.515.7 mi
- Bay Area Raceway4.518.5 mi
- Moody Gardens Attractions Theme Park4.50.9 mi
- Galveston Island Historic Pleasure Pier4.42.9 mi
- Galveston Island State Park4.69.4 mi
- Galveston Seawall4.73.8 mi
- Galveston Railroad Museum4.53 mi
- Galveston Seawall4.73.8 mi
- Galveston Railroad Museum4.53 mi
- Bishop’s Palace4.63.7 mi
- Galveston Naval Museum4.75.2 mi
- Moody Mansion.4.72.8 mi
- Moody Gardens Attractions Theme Park4.50.9 mi
- Galveston Island State Park4.69.4 mi
- Texas City Dike4.68.2 mi
- Seawolf Park4.45.2 mi
- Galveston Naval Museum4.75.2 mi
- Stingaree Restaurant & Marina4.519.8 mi
- The West End Marina and Restaurants4.215.7 mi
- Waterman's Restaurant4.38.4 mi
- Pier 214.53.4 mi
- Galveston Yacht Marina4.44.7 mi
- Moody Gardens Golf Course - Driving Range & Restaurant4.32.2 mi
- Bayou City Golf course3.812.7 mi
- Shrimp N Stuff4.41.8 mi
- Katie's Seafood Market4.63.5 mi
- Ross Dress for Less4.30.4 mi
- Randalls4.30.7 mi
- Boyd's One Stop48.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides a variety of retail outlets and a major supermarket.
Offers clothing stores, electronics, and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.