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ZIP Code · TX

ZIP 77407

Part of Richmond, TX
Pop. 88,319·Fort Bend County·291st most expensive ZIP in Texas
Median rent (all units)
$1,656/mo
Year-over-Year
+2.2%
Month-over-Month
+0.5%
vs US Median
-$309
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 77407 · $1,656
More affordable than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,218
1 BR
$1,261
2 BR
$1,501
3 BR
$2,018
4 BR+
$2,521
Research median
$1,501/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
$19,872/yr
At $1,656/mo median
Location
StateTX
CountyFort Bend County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.2% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 77407 (Richmond, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 54.4% of residents hold a bachelor's degree or higher.

Population
88,319
Median income
$98,913
Median age
34
Renters
27.5%
Age distribution
30.7%
20.7%
33.1%
Under 1830.7%
18–3420.7%
35–5433.1%
55–647.6%
65+7.9%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
18.5%
30.2%
17.6%
33.3%
White18.5%
Black30.2%
Hispanic17.6%
Asian33.3%
Other0.5%
Education (25+)
13.6%
22.1%
54.4%
No HS diploma9.9%
HS diploma13.6%
Some college22.1%
Bachelor's+54.4%
Housing tenure
72.5%
27.5%
Owner72.5%
Renter27.5%

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

2021 vs 2026

How ZIP 77407 in Richmond, TX has changed in 5 years

Rent
$1,405 → $1,656
up 17.9%
Income
$97,189 → $98,913
up 1.8%
Population
73,084 → 88,319
up 20.8%
Renter share
22.3% → 27.5%
+5.2 pts
Bachelor's+
50.1% → 54.4%
+4.3 pts
Median age
33.4 → 34
+0.6 yrs

Across the past five years, the going rent in ZIP 77407 in Richmond, TX has shifted from $1,405 to $1,656, up 17.9% since 2021. Household income in the area moved from $97,189 to $98,913 across the same window, up 1.8% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 77407 in Richmond, TX adding about 15,235 residents over the five-year window, up 20.8% on net. The renter share has risen from 22.3% to 27.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 50.1% to 54.4% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 77407 in Richmond, TX look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 77407

Last updated: July 20, 2026

ZIP code 77407 covers Richmond, TX. The median rent here is $1,656/mo as of July 2026. A 1-bedroom rents for a median of $1,261/mo. A 2-bedroom rents for a median of $1,501/mo.

At 20% of local median household income ($98,913/yr), ZIP 77407 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 77407?

As of July 20, 2026, the median monthly rent in ZIP 77407 (Richmond, TX) is $1,656. This is based on aggregated data from public sources and community submissions.

How does ZIP 77407 rent compare to the US average?

ZIP 77407's median rent of $1,656/mo is $309 (16%) below the US national median of $1,965/mo.

How does ZIP 77407 compare to other ZIPs in Texas?

ZIP 77407 falls in the middle range for Texas, ranking #291 out of 689 ZIPs at $1,656/mo.

How much income do you need to rent in ZIP 77407?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,656/mo in ZIP 77407. The local median household income is $98,913/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 77407?

Rent in ZIP 77407 has increased 2.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 77407 an affordable place to rent?

ZIP 77407 is considered very affordable for renters. At $1,656/mo, rent takes approximately 20% of the local median household income ($98,913/yr). The standard benchmark is 30%. ZIP 77407 falls comfortably within that range.

What percentage of ZIP 77407 residents rent vs. own?

According to Census data, approximately 27.5% of ZIP 77407 households are renters, while 72.5% are owner-occupied. ZIP 77407 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 77407 compare to the rest of Richmond?

ZIP 77407 is more affordable than Richmond overall. At $1,656/mo, it's $132 below the Richmond citywide median of $1,788/mo.

When was rent data for ZIP 77407 last updated?

Rent data for ZIP 77407 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,656/mo, rent takes ~20% of ZIP 77407's median household income ($98,913/yr). The standard benchmark is 30%.

ZIP 77407 20%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 77407 (Richmond, TX)

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