Zip 77407 (Richmond, TX) Housing

Housing in 77407 Richmond, TX is progressing steadily and values are increasing each year. The median value of houses in the area is currently $369,000 which is significantly higher than the US House Median Value of $338,100. Additionally, in the last year, house appreciation in this area has increased by 11.67%, much more than the 8.27% increase seen across the United States. This indicates that housing supply and demand in 77407 Richmond, TX is performing better than average and should continue to do so for some time.

The median home cost in Richmond (zip 77407) is $369,000. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Richmond (zip 77407) is up 21.6%.

Average Age of Homes

- The median age of Richmond (zip 77407) real estate is 9 years old

The Rental Market in Richmond (zip 77407)

- Renters make up 15.1% of the Richmond (zip 77407) population
- 1.2% of houses and apartments in Richmond (zip 77407), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richmond, Texas	United States
	21,363.0	139,647,020.0
	9	42
	$369,000	$338,100
	21.6%	16.6%
	52.5%	57.0%
	98.7%	101.1%
	$24.55	$10.98
	$6,913	$2,690
	75.6%	57.4%
	2.7%	11.2%
	21.7%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	0.0%	3.6%
	0.3%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	2.3%	2.4%
	0.0%	2.8%
	0.1%	3.9%
	0.0%	4.5%
	1.3%	11.3%
	13.5%	13.0%
	40.1%	20.1%
	28.7%	13.6%
	8.9%	8.3%
	2.0%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.6%	0.8%
	1.7%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	32.0%	13.6%
	32.0%	13.6%
	3.5%	13.6%
	0.4%	13.2%
	0.0%	14.8%
	3.5%	13.6%
	0.0%	10.0%
	0.1%	4.7%
	0.4%	12.2%

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