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ZIP Code · TX

ZIP 77040

Part of Houston, TX
Pop. 50,977·Harris County·506th most expensive ZIP in Texas
Median rent (all units)
$1,382/mo
Year-over-Year
+5.3%
Month-over-Month
+1.1%
vs US Median
-$583
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 77040 · $1,382
More affordable than 82% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,290
2 BR
$1,530
3 BR
$2,060
4 BR+
$2,570
Research median
$1,530/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,584/yr
At $1,382/mo median
Location
StateTX
CountyHarris County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.3% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 77040 (Houston, TX) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 26.2% of residents hold a bachelor's degree or higher.

Population
50,977
Median income
$65,028
Median age
34.4
Renters
49.5%
Age distribution
28.3%
22.8%
27.3%
Under 1828.3%
18–3422.8%
35–5427.3%
55–6410.4%
65+11.1%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
28.6%
16%
55.4%
White28.6%
Black16%
Hispanic55.4%
Asian8.9%
Education (25+)
22.3%
24.1%
27.5%
26.2%
No HS diploma22.3%
HS diploma24.1%
Some college27.5%
Bachelor's+26.2%
Housing tenure
50.5%
49.5%
Owner50.5%
Renter49.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 77040 in Houston, TX has changed in 5 years

Rent
$1,033 → $1,382
up 33.8%
Income
$61,528 → $65,028
up 5.7%
Population
50,192 → 50,977
up 1.6%
Renter share
47.9% → 49.5%
+1.6 pts
Bachelor's+
27.2% → 26.2%
-1.0 pts

Five years ago, renters in ZIP 77040 in Houston, TX paid around $1,033 a month. That figure now sits near $1,382, up 33.8% from the 2021 baseline. Household income in the area moved from $61,528 to $65,028 across the same window, up 5.7% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 77040 in Houston, TX adding about 785 residents over the five-year window, up 1.6% on net. The renter share has risen from 47.9% to 49.5%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 77040 in Houston, TX look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 77040

About renting in ZIP 77040

Last updated: July 20, 2026

ZIP code 77040 covers Houston, TX. The median rent here is $1,382/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,530/mo.

At 26% of local median household income ($65,028/yr), ZIP 77040 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 77040?

As of July 20, 2026, the median monthly rent in ZIP 77040 (Houston, TX) is $1,382. This is based on aggregated data from public sources and community submissions.

How does ZIP 77040 rent compare to the US average?

ZIP 77040's median rent of $1,382/mo is $583 (30%) below the US national median of $1,965/mo.

How does ZIP 77040 compare to other ZIPs in Texas?

ZIP 77040 is among the more affordable ZIP codes in Texas, ranking #506 out of 689 ZIPs at $1,382/mo.

How much income do you need to rent in ZIP 77040?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,382/mo in ZIP 77040. The local median household income is $65,028/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 77040?

Rent in ZIP 77040 has increased 5.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 77040 an affordable place to rent?

ZIP 77040 is considered affordable for renters. At $1,382/mo, rent takes approximately 26% of the local median household income ($65,028/yr). The standard benchmark is 30%. ZIP 77040 falls comfortably within that range.

What percentage of ZIP 77040 residents rent vs. own?

According to Census data, approximately 49.5% of ZIP 77040 households are renters, while 50.5% are owner-occupied. ZIP 77040 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 77040 compare to the rest of Houston?

ZIP 77040 is more affordable than Houston overall. At $1,382/mo, it's $185 below the Houston citywide median of $1,567/mo.

When was rent data for ZIP 77040 last updated?

Rent data for ZIP 77040 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,382/mo, rent takes ~26% of ZIP 77040's median household income ($65,028/yr). The standard benchmark is 30%.

ZIP 77040 26%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 77040 (Houston, TX)

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