$373,500
- 2 Beds
- 816 sqft
505 E 40th 1/2 St, Houston, TX 77022
Est. Refi. Payment $2,534/mo*
Refinance Your HomeHome Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.62 | Lot/Land | - | 12/22/25 | 3 | - | 1,416 | |
0.55 | Unknown | $86,148 | 09/18/25 | - | - | ||
0.47 | Unknown | $130,000 | 01/07/26 | - | - | ||
1.35 | Lot/Land | - | 03/05/26 | - | - | ||
3.44 | Lot/Land | - | 08/19/26 | 2 | - | 888 | |
1.68 | Lot/Land | - | 03/27/26 | - | - | ||
1.83 | Unknown | $177,000 | 12/22/25 | - | - | ||
2.91 | Lot/Land | - | 01/29/26 | - | 2,490 | ||
2.03 | Lot/Land | - | 07/28/26 | - | - | ||
1.95 | Lot/Land | - | 12/12/25 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $225,000 | - | - | - | For Sale | |
0.07 | $725,000 | 3 | - | 3,550 | For Sale | |
0.07 | $915,000 | 2 | 2 | 1,326 | For Sale | |
0.06 | $125,000 | - | - | - | For Sale | |
0.06 | $184,900 | - | - | - | For Sale | |
0.09 | $115,000 | - | - | - | For Sale | |
0.07 | $220,000 | - | - | - | For Sale | |
0.09 | $624,900 | 2 | 1 | 2,084 | For Sale | |
0.09 | $296,900 | 3 | 2.5 | 1,791 | Off Market | |
0.10 | $320,400 | 3 | 2.5 | 1,791 | Off Market | |
0.10 | $306,000 | 3 | 2.5 | 1,791 | Off Market | |
0.10 | $440,000 | 3 | 2.5 | 1,853 | For Sale |
Local Information
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Home Highlights
Property Type
Lot/Land
Year Built
1948
Living Area
816 sqft
Price/Sqft
$458
About this House
This lot/land is located at 505 E 40th 1/2 St, Houston, TX. 505 E 40th 1/2 St is in the Independence Heights neighborhood in Houston, TX and in ZIP code 77022. This property has 2 bedrooms and approximately 816 sqft of floor space. This property has a lot size of 5005 sqft and was built in 1948.
505 E 40th 1/2 St, Houston, TX 77022 is a 2 bedroom, 816 sqft lot/land in Independence Heights, built in 1948. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $373,500, with a rent estimate of $1,397/month.
Home Details for 505 E 40th 1/2 St
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Heating & Cooling Heating: GasCooling System: CentralHeating Fuel: Gas |
Levels, Entrance, & Accessibility Stories: 1 |
Interior Details Number of Rooms: 4 |
Appliances & Utilities Cable Ready |
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Year Built Year Built: 1948 |
Property Type / Style Property Type: Lot Land |
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Units in Building: 1 |
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Lot Area: 5005 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 12, 2019 Source: Agent Provided | ListingRemoved | $139,000 |
Apr 19, 2019 Source: Agent Provided | PriceChange | $139,000 Price decreased by 7% |
Apr 11, 2019 Source: Agent Provided | Listed For Sale | $150,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2022 | $2,651 | $120,408 |
Home facts updated by county records
Market trends in Houston
Last updated July 2026
Avg. sale price
$316K
$6.67KMoM
Sale-to-List Price
98.2%
Price per sq ft
$161
$2MoM
Available listings
13162
241MoM
Around this home
What Locals Say about Independence Heights
At least 80 Trulia users voted on each feature.
81 % Say car is needed
81 % Say yards are well-kept
72 % Say it's dog friendly
70 % Say parking is easy
65 % Say there's holiday spirit
63 % Say they plan to stay for at least 5 years
63 % Say kids play outside
56 % Say there are sidewalks
53 % Say it's quiet
51 % Say neighbors are friendly
47 % Say streets are well-lit
43 % Say it's walkable to grocery stores
42 % Say it's walkable to restaurants
39 % Say people would walk alone at night
38 % Say there's wildlife
29 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 505 E 40th 1/2 St
- What is 505 E 40th 1/2 St estimated to be worth?Trulia's estimated value for 505 E 40th 1/2 St in Houston, TX is $373,500.
- Is Houston a buyer's or seller's market?Houston is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Houston?The median sale price in Houston is $316K. That is up $6.67K from the prior month.
- What do residents say about the Independence Heights neighborhood?Residents describe the Independence Heights neighborhood in Houston, TX as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See recently sold homes in Independence Heights, Houston.