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ZIP Code · TX

ZIP 77406

Part of Richmond, TX
Pop. 69,918·Fort Bend County·145th most expensive ZIP in Texas
Median rent (all units)
$1,867/mo
Year-over-Year
+3.5%
Month-over-Month
+5.1%
vs US Median
-$98
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 77406 · $1,867
More expensive than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,780
1 BR
$1,840
2 BR
$2,190
3 BR
$2,950
4 BR+
$3,670
Research median
$2,190/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
$22,404/yr
At $1,867/mo median
Location
StateTX
CountyFort Bend County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.5% YoY, +5.1% MoM), not inventory.
Demographics

Who lives here

ZIP 77406 (Richmond, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 52.2% of residents hold a bachelor's degree or higher.

Population
69,918
Median income
$141,869
Median age
37.4
Renters
14.4%
Age distribution
27%
18.1%
30.3%
12.8%
Under 1827%
18–3418.1%
35–5430.3%
55–6411.9%
65+12.8%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
50.2%
14.7%
26%
14.1%
White50.2%
Black14.7%
Hispanic26%
Asian14.1%
Education (25+)
14.7%
28.3%
52.2%
No HS diploma4.9%
HS diploma14.7%
Some college28.3%
Bachelor's+52.2%
Housing tenure
85.6%
14.4%
Owner85.6%
Renter14.4%

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

2021 vs 2026

How ZIP 77406 in Richmond, TX has changed in 5 years

Rent
$1,398 → $1,867
up 33.5%
Income
$128,878 → $141,869
up 10.1%
Population
58,998 → 69,918
up 18.5%
Renter share
14.9% → 14.4%
-0.5 pts
Bachelor's+
47.4% → 52.2%
+4.8 pts
Median age
38.1 → 37.4
-0.7 yrs

Since 2021, the typical rent in ZIP 77406 in Richmond, TX has increased from $1,398 to $1,867, a 33.5% change over five years. Median household income rose from $128,878 to $141,869 between 2021 and 2024, a 10.1% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 18.5% since 2021, moving from about 58,998 residents to roughly 69,918. College-educated residents now make up 52.2% of adults here, versus 47.4% in 2021. Taken together, the five-year picture in ZIP 77406 in Richmond, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 77406

Last updated: July 20, 2026

ZIP code 77406 covers Richmond, TX. The median rent here is $1,867/mo as of July 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,190/mo.

At 16% of local median household income ($141,869/yr), ZIP 77406 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 77406?

As of July 20, 2026, the median monthly rent in ZIP 77406 (Richmond, TX) is $1,867. This is based on aggregated data from public sources and community submissions.

How does ZIP 77406 rent compare to the US average?

ZIP 77406's median rent of $1,867/mo is $98 (5%) below the US national median of $1,965/mo.

How does ZIP 77406 compare to other ZIPs in Texas?

ZIP 77406 is one of the pricier ZIP codes in Texas, ranking #145 out of 689 ZIPs tracked at $1,867/mo.

How much income do you need to rent in ZIP 77406?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,867/mo in ZIP 77406. The local median household income is $141,869/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 77406?

Rent in ZIP 77406 has increased 3.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 77406 an affordable place to rent?

ZIP 77406 is considered very affordable for renters. At $1,867/mo, rent takes approximately 16% of the local median household income ($141,869/yr). The standard benchmark is 30%. ZIP 77406 falls comfortably within that range.

What percentage of ZIP 77406 residents rent vs. own?

According to Census data, approximately 14.4% of ZIP 77406 households are renters, while 85.6% are owner-occupied. ZIP 77406 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 77406 compare to the rest of Richmond?

ZIP 77406 is pricier than Richmond as a whole. At $1,867/mo, it's $79 above the Richmond citywide median of $1,788/mo.

When was rent data for ZIP 77406 last updated?

Rent data for ZIP 77406 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $1,867/mo, rent takes ~16% of ZIP 77406's median household income ($141,869/yr). The standard benchmark is 30%.

ZIP 77406 16%Benchmark 30%
State income taxNone
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