The story of this market
The typical home in ZIP 77555 sells for about $265,000, or $215 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 77555 — Galveston
The 77555 housing market is a highly specialized, institutional-anchored area defined by its proximity to the UTMB medical campus. Market activity is stable but constrained by extreme flood risk and limited inventory, resulting in a niche rental and sales environment. Figures for specific metrics like active inventory and sales count are based on current local market snapshots.
This ZIP is best suited for medical professionals, students, and staff associated with the UTMB campus, as well as investors looking for rental properties in a specialized institutional-anchored market.
Median prices moved down 1.8% year over year.
Homes spend a median of 52 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 12.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 77555, Galveston County TX
This ZIP code has an extreme risk of flooding, with 100% of properties identified as being at risk of severe flooding.
The area is primarily anchored by the University of Texas Medical Branch (UTMB) at Galveston, which serves as the primary economic driver for this unique ZIP code.
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).
Commute is primarily localized within Galveston Island, with limited transit options and reliance on personal vehicles for access to the mainland.
The area offers immediate access to Gulf Coast beaches, historic downtown Galveston shopping, and various waterfront dining and recreational facilities.
The rental market is heavily influenced by the transient nature of the medical campus population, resulting in consistent demand for short-term and student-focused housing.
The economy is almost entirely dominated by the University of Texas Medical Branch (UTMB) and associated healthcare services.
Transportation is limited to local road networks on the island, with access to the mainland via the I-45 causeway.
Development is largely focused on institutional growth and coastal resilience infrastructure.
The Galveston Central Appraisal District manages assessments for the island, focusing on high-value coastal properties and institutional land use.
Parcels are subject to Galveston ISD, Galveston County, and various municipal utility and flood control districts.
Property insurance is highly sensitive to flood and windstorm risk, with premiums reflecting the extreme flood exposure of the island.
Data retrieved from data.census.gov ZCTA 77555 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Moody Gardens Attractions Theme Park4.55.1 mi
- Galveston Island Historic Pleasure Pier4.41.8 mi
- Schlitterbahn Waterpark Galveston4.15.3 mi
- Aquarium At Moody Gardens4.65.2 mi
- Palm Beach At Moody Gardens Water Park4.45.1 mi
- Galveston Island Convention Center at The San Luis Resort4.63.9 mi
- Stingaree Restaurant & Marina4.515.7 mi
- Golden Corral Buffet & Grill4.24.3 mi
- Gilhooley's Restaurant and Oyster Bar4.515.3 mi
- Leeland House Galveston4.51.4 mi
- Moody Gardens Attractions Theme Park4.55.1 mi
- Galveston Island Historic Pleasure Pier4.41.8 mi
- Galveston Seawall4.70.9 mi
- Galveston Railroad Museum4.51.3 mi
- Aquarium At Moody Gardens4.65.2 mi
- Galveston Seawall4.70.9 mi
- Galveston Railroad Museum4.51.3 mi
- Bishop’s Palace4.60.6 mi
- Galveston Naval Museum4.71.7 mi
- Moody Mansion.4.71.4 mi
- Moody Gardens Attractions Theme Park4.55.1 mi
- Texas City Dike4.68.5 mi
- Seawolf Park4.41.7 mi
- Galveston Naval Museum4.71.7 mi
- Stewart Beach4.40.7 mi
- Stingaree Restaurant & Marina4.515.7 mi
- The West End Marina and Restaurants4.219.9 mi
- Waterman's Restaurant4.312.6 mi
- Pier 214.50.9 mi
- Galveston Yacht Marina4.40.6 mi
- Shrimp N Stuff4.42.4 mi
- Katie's Seafood Market4.60.8 mi
- Ross Dress for Less4.34.2 mi
- Randalls4.34.3 mi
- Boyd's One Stop48.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Major medical and research anchor for the region.
Public access to Gulf of Mexico shoreline.
Historic district with retail and entertainment venues.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.