The story of this market
The typical home in ZIP 77040 sells for about $359,723, or $163 per square foot.
Prices are up +1.18% from a year ago, so sellers still have some momentum. HUD's fair market rent for a two-bedroom is $1,822 a month.
ZIP 77040 — Houston
The 77040 housing market is characterized by a mix of older single-family homes and newer townhome developments. Market data indicates a median home price of $359,723 with modest year-over-year growth. Several metrics including days on market and inventory counts were not available at the ZIP level and were omitted.
This ZIP is a practical choice for commuters and families seeking accessibility to major Houston employment hubs and a diverse range of housing types from 1970s ranch-style homes to modern townhomes.
Median prices moved up 1.2% year over year.
Awaiting this reading — not graded.
2% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 21.1% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 77040, Harris County TX
The area features a blend of residential neighborhoods and significant commercial and light industrial zones with efficient access to the Energy Corridor, the Galleria, and Downtown Houston.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
The area provides direct and efficient commutes to key employment centers including the Energy Corridor, the Galleria, and Downtown Houston.
The area is characterized by a mix of residential and light industrial uses with access to local shopping and dining.
The rental market includes a mix of apartment communities and single-family homes with a median rent of approximately $1,822 for a 3-bedroom house.
The local economy is supported by a mix of residential, commercial, and light industrial sectors with proximity to major Houston employment centers.
Data retrieved from Census Reporter and incomebyzipcode.com
- Downtown Aquarium4.112.2 mi
- Cidercade Houston4.513.5 mi
- Meow Wolf Houston's Radio Tave4.412.8 mi
- Children's Museum Houston4.613.5 mi
- Dave & Buster's Houston - Katy Fwy4.27.1 mi
- Reliant Stadium4.614.9 mi
- Daikin Park4.713.1 mi
- Toyota Center4.613 mi
- George R. Brown Convention Center4.513.2 mi
- POST Houston4.612.3 mi
- Downtown Aquarium4.112.2 mi
- MemorialPark4.89.1 mi
- Meow Wolf Houston's Radio Tave4.412.8 mi
- Buffalo Bayou Park4.711.9 mi
- Regal Edwards Houston Marq'E4.37.2 mi
- Houston Museum of Natural Science4.813.4 mi
- POST Houston4.612.3 mi
- The Museum of Fine Arts, Houston4.813.2 mi
- Meow Wolf Houston's Radio Tave4.412.8 mi
- Children's Museum Houston4.613.5 mi
- MemorialPark4.89.1 mi
- Buffalo Bayou Park4.711.9 mi
- Gerald D. Hines Waterwall Park4.710.4 mi
- Levy Park4.811.6 mi
- Meyer Park4.79.1 mi
- Topgolf Houston - Katy4.49.7 mi
- Memorial Park Golf Course and Driving Range4.59 mi
- Puttery4.711.6 mi
- BlackHorse Golf Club4.312.3 mi
- Jersey Meadow Golf Club43.3 mi
- The Galleria4.510.1 mi
- Memorial City Mall4.56.6 mi
- Willowbrook Mall4.35.9 mi
- PlazAmericas4.111.7 mi
- CITYCENTRE4.66.9 mi
- George Bush Intercontinental Airport413.6 mi
- William P. Hobby Airport4.421.8 mi
- The St. James Restaurant & Cabaret3.89.4 mi
- Ember3.113.4 mi
- Vida Taqueria3.813.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).