ZIP 77407
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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
January. Asking rents in ZIP 77407 usually run 0.6% below trend in January and 0.9% above it in August, about $26 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 77407 is 0.9% below its high of $1,732 in November 2024, at $1,716 as of September 2026.
Rent in ZIP 77407 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 77407 rose 29.3% while median household income rose -2.7% ($101,612 to $98,913). Rent outpaced income.
Rent in ZIP 77407 is 25.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($98,913) is $2,473 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,120); a 3-bedroom is $2,850.
ZIP 77082, 6 miles away, rents for 26% less ($1,265/mo), about $5,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 77407. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 77407 in Richmond, TX has changed in 5 years
Across the past five years, the going rent in ZIP 77407 in Richmond, TX has shifted from $1,494 to $1,716, up 14.9% 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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Tips for renters in ZIP 77407
Last updated: October 17, 2026
ZIP code 77407 covers Richmond, TX. The median rent here is $1,716/mo as of October 2026. A 1-bedroom rents for a median of $1,306/mo. A 2-bedroom rents for a median of $1,556/mo.
At 21% of local median household income ($98,913/yr), ZIP 77407 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.
Frequently asked questions
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How does ZIP 77407 compare to other ZIPs in Texas?
How does ZIP 77407 compare to the rest of Richmond?
At $1,716/mo, rent takes ~21% of ZIP 77407's median household income ($98,913/yr). The standard benchmark is 30%.
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