ZIP 77406
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 77406 is 2.3% below its high of $1,847 in October 2025, at $1,804 as of September 2026.
Rent in ZIP 77406 changed -2.0% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.
From 2019 to 2024, rent in ZIP 77406 rose 29.9% while median household income rose 13.8% ($124,705 to $141,869). Rent outpaced income.
Rent in ZIP 77406 is 27.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 3 months in a row, and rose in 4 of the last 12 months.
30% of the median household income ($141,869) is $3,547 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,950); a 4-bedroom is $3,670.
ZIP 77471, 8 miles away, rents for 11% less ($1,612/mo), about $2,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 77406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 77406 in Richmond, TX has changed in 5 years
Since 2021, the typical rent in ZIP 77406 in Richmond, TX has increased from $1,505 to $1,804, a 19.9% 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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Tips for renters in ZIP 77406
Last updated: October 17, 2026
ZIP code 77406 covers Richmond, TX. The median rent here is $1,804/mo as of October 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,190/mo.
At 15% of local median household income ($141,869/yr), ZIP 77406 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.0% over the past year.
Frequently asked questions
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How does ZIP 77406 compare to the rest of Richmond?
At $1,804/mo, rent takes ~15% of ZIP 77406's median household income ($141,869/yr). The standard benchmark is 30%.
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