Welcome to our 77407 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 77407 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: 77407
- 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): $379,267
- Average Home Price (Single Family Homes): $379,281
- Average Monthly Rental Price (All Types): $1,724
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 0.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,790
- Average 3 Bedroom Section 8 Rental Rates: $2,360
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.66
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.39
- 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): Not Available
- Total % Appreciation since 2000 (Government Data): Not Available
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.4%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.39%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.32%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.4%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 92.12%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.69%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 104.17%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.7%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.5%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 21.47%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.58%