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 1.8% over the last 11 months, from $264,850 to $260,198. It rose in 2 of 10 monthly readings. The largest monthly gain was +0.0% in January 2026.
Typical rent rose 1.5% over the last 11 months, from $1,364 to $1,385. It rose in 6 of 10 monthly readings. The largest monthly gain was +2.2% in May 2026.
How ZIP 77040 compares to Houston
ZIP 77040's typical home value is 3.0% above the Houston median of $252,640. ZIP 77040's typical rent is 10.7% below the Houston 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 11 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 the Houston Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Houston a Buyer's Market?Read the related local market analysis.
- All Houston ZIP comparisonsCompare 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 housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly under our editorial policy. Spotted something wrong? Report a correction.