ZIP 77040 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77040 in the Houston housing market is $260,198, with a typical rent of $1,385 per month. That puts the local home-value-to-annual-rent ratio at 15.7.
Key stats
- ZIP 77040 is around the 55th percentile of tracked local ZIPs for home value.
- ZIP 77040 is around the 50th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 15.7.
- 69 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $260,198
- Typical rent
- $1,385
- Homes for sale
- 140
- Buyer competition
- 47
- New listings
- 39
- Homes going pending
- 27
- Listings with price cuts
- 27.3%
Price and rent in ZIP 77040
ZIP 77040 is around the 55th percentile of tracked local ZIPs for home value. ZIP 77040 is around the 27th percentile of tracked local ZIPs for rent.
ZIP 77040 home value & rent trend (past 12 months)
Typical home value fell 2.2% over the past 12 months, from $265,918 to $260,198. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.0% in January 2026.
Typical rent rose 1.5% over the past 12 months, from $1,364 to $1,385. It rose in 6 of 11 monthly readings. The largest monthly gain was +2.2% in May 2026.
How ZIP 77040 compares to the metro
ZIP 77040's typical home value is 3.0% above the metro median of $252,640. ZIP 77040's typical rent is 10.7% below the metro median of $1,550.
How fast homes sell in ZIP 77040
Homes in ZIP 77040 typically go pending in about 50 days — about 24% faster than the metro median of 66 days.
Supply, pending activity, and competition
ZIP 77040 is around the 59th percentile of tracked local ZIPs for for-sale inventory. ZIP 77040 is around the 50th percentile of tracked local ZIPs for buyer competition. 69 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 89 and 140 — a 51-point spread across 96 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 77064, 77086, 77041, 77092.
Continue your market research
- Is Houston Housing Market Cooling?Read the related local market analysis.
- Is Houston a Buyer's Market?Read the related local market analysis.
- Compare 77040 vs 77002Compare this market with another tracked ZIP or peer group.
- Compare 77040 vs 77003Compare this market with another tracked ZIP or peer group.
- Compare 77040 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 77064 housing marketReview a nearby local market with the same core measures.
- ZIP 77086 housing marketReview a nearby local market with the same core measures.
- ZIP 77041 housing marketReview a nearby local market with the same core measures.
- Houston Metro housing market overviewReturn to the broader parent market.
77040 Housing Market Overview FAQ
What is the typical home value in ZIP 77040?
The typical home value in ZIP 77040 is $260,198 in the latest monthly reading.
What is the typical rent in ZIP 77040?
Typical rent in ZIP 77040 is $1,385 per month.
What is the home-value-to-rent ratio in ZIP 77040?
ZIP 77040 has a home-value-to-annual-rent ratio of 15.7.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules