The story of this market
The typical home in ZIP 77406 sells for about $414,877, or $171 per square foot.
Prices are down 5.5% from a year ago, which gives buyers more room to negotiate. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,300 a month.
ZIP 77406 — Richmond
The 77406 housing market is currently experiencing a cooling phase, with median sale prices down 5.5% year-over-year to $415,000. Increased days on market and a decline in sales volume suggest a shift toward a more balanced or buyer-favorable environment. Rental demand remains steady, providing a stable alternative to the softening sales market.
This ZIP is well-suited for family buyers and professionals seeking suburban living with access to quality schools and a higher median household income compared to the broader metro area.
Median prices moved down 5.5% year over year.
Homes spend a median of 72 days on market with 0.0 months of supply — a balanced-paced market.
0% 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) · poverty 6.0% — a stable, low-distress profile.
ZCTA 77406, Fort Bend County TX
The area is served by highly-rated school districts, with a strong emphasis on family-oriented educational environments.
The area experiences steady development momentum with significant residential expansion and proximity to major employment hubs in the Houston metro region.
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).
Residents typically face a commute of approximately 35.5 minutes to reach major employment centers in the Houston-Pasadena-The Woodlands metro area.
The area features access to local parks and community amenities, with shopping and dining options available within the surrounding Richmond and Fort Bend County corridor.
The rental market shows steady demand with a median asking rent of $2,300, reflecting the area's appeal to families and professionals.
The local economy is anchored by the broader Houston-Pasadena-The Woodlands metro area, with a diverse mix of industries including energy, healthcare, and professional services.
Transportation is primarily highway-dependent, with residents relying on regional corridors for access to the Houston employment core.
Ongoing residential development continues to shape the landscape, with new housing projects expanding the suburban footprint.
Parcels are subject to various special districts, including MUDs and school districts, which influence the total property tax burden.
Data retrieved from Census Reporter and ACS profiles.
- Typhoon Texas Waterpark Houston4.38.9 mi
- Andretti Indoor Karting & Games Katy4.19.8 mi
- Dewberry Farm4.118.7 mi
- Slick City Action Park4.38.4 mi
- Main Event Stafford4.413 mi
- Topgolf Houston - Katy4.413.2 mi
- Smart Financial Centre at Sugar Land4.310.9 mi
- Andretti Indoor Karting & Games Katy4.19.8 mi
- Dewberry Farm4.118.7 mi
- Fort Bend County Epicenter4.28.4 mi
- AMC First Colony 244.111.5 mi
- Andretti Indoor Karting & Games Katy4.19.8 mi
- Cinemark Katy and XD4.59.6 mi
- Main Event Katy4.39.2 mi
- Star Cinema Grill4.54.1 mi
- Seismique4.411.3 mi
- Houston Museum of Natural Science at Sugar Land4.410.1 mi
- Fort Bend Children's Discovery Center4.610.3 mi
- Ismaili Jamatkhana - Houston South4.914.5 mi
- Ismaili Jamatkhana - Houston Headquarters4.910.6 mi
- Mary Jo Peckham Park4.710.7 mi
- Eldridge Park4.611 mi
- Jones Creek Ranch Park4.81.6 mi
- Katy Park4.511.3 mi
- Brazos River Park4.810.4 mi
- The Golf Club at Cinco Ranch46.9 mi
- TPC Houston4.412.9 mi
- Greatwood Golf Club3.59.6 mi
- Black Hawk Country Club4.77.2 mi
- Meadowbrook Farms Golf Club3.94.3 mi
- Katy Mills4.48.6 mi
- First Colony Mall4.411.5 mi
- H-E-B4.611.6 mi
- LaCenterra at Cinco Ranch4.66.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local recreational water feature.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).