ZIP Code · TX

ZIP 77040

Part of Houston, TX

Pop. 50,977·Harris County·541st most expensive ZIP in Texas

Median rent (all units)

$1,333/mo

Year-over-Year

+0.3%

Month-over-Month

Stable

vs US Median

-$599

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 77040 · $1,333

More affordable than 84% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 77040 usually run 0.8% below trend in November and 0.6% above it in June, about $19 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 77040 is 2% below its high of $1,360 in February 2025, at $1,333 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 77040 changed +0.3% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Since before the pandemic

Rent in ZIP 77040 is 27.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($65,028) is $1,626 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,530); a 3-bedroom is $2,060.

Rank in Houston

25th cheapest of 92 ZIP codes in Houston.

Cheaper nearby

ZIP 77080, 4 miles away, rents for 12% less ($1,170/mo), about $2,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 77040. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,996/yr

At $1,333/mo median

Location

CityHouston

StateTX

CountyHarris County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.3% YoY, -0.1% 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

$1,072 → $1,333

up 24.3%

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 $1,072 a month. That figure now sits near $1,333, up 24.3% 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.

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About renting in ZIP 77040

Last updated: October 17, 2026

ZIP code 77040 covers Houston, TX. The median rent here is $1,333/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,530/mo.

At 25% of local median household income ($65,028/yr), ZIP 77040 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

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 $53,000/year (about $25/hour full-time) to afford the median rent of $1,333/mo in ZIP 77040. The local median household income is $65,028/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 77040?

Rent in ZIP 77040 has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 2% below its high of $1,360 in February 2025.

When is the cheapest time to rent in ZIP 77040?

Asking rents in ZIP 77040 are usually lowest in November, about 0.8% below their yearly trend, and highest in June, about 0.6% above it. At today's median that is a gap of roughly $19 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 77040 compare to other ZIPs in Texas?

ZIP 77040 is one of the more affordable among Texas ZIP codes for rent, ranking #541 of 693 at $1,333/mo. Over the year to September 2026, rent in ZIP 77040 changed +0.3%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.