Welcome to our 77406 real estate data hub, tailored for investors in Richmond, TX. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 77406 in Richmond, TX. Discover Section 8 housing opportunities and challenges to maximize your investment potential in FORT BEND COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Richmond, TX real estate investing. Uncover the wealth of information available, and position yourself for success in the Richmond property market.
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Location Overview
- Zip Code: 77406
- City: Richmond
- State: TX
- Metro Area: Houston-The Woodlands-Sugar Land, TX
- County Name: FORT BEND COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $418,369
- Average Home Price (Single Family Homes): $418,484
- Average Monthly Rental Price (All Types): $1,794
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: 0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,610
- Average 3 Bedroom Section 8 Rental Rates: $2,120
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.65
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.45
- Number of Units Offered in Section 8 in the County: 201
- Number of Occupied Units in Section 8 in the County: 190
- Percentage of Section 8 Units Occupied in the County: 94.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 225.14
- Total % Appreciation since 2000 (Government Data): 165.55
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.55%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.88%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.53%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.6%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 91.05%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.74%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 122.37%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.11%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.46%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 26.22%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 18.29%