How much is a home worth in ZIP code 76040?

The typical home in 76040 is worth $361,068, based on the Zillow Home Value Index.

Are home values rising in 76040?

Home values in 76040 are down 1.8% over the past year, and up 4.6% a year over five years.

What is the typical rent in 76040?

A typical home in 76040 rents for about $1,361 a month, a gross rental yield of 4.5%.

What is the property tax rate in 76040?

The effective property tax rate in 76040 is 1.5% — roughly $5,505 a year on a typical home.

ZIP code 76040 has a population of 31,677 and a median household income of $72,661.

HousingHandbookReference data

…

U.S. ZIP Code · TX76040

Tarrant County · Dallas-Fort Worth-Arlington, TX

Typical home value

$361,068^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.8%
5-year / yr: +4.6%
10-year / yr: +6.7%

Relative price

vs U.S.: +27.1%
vs metro: +2.9%
vs state: +37.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 76040 is worth $361,068 — 2.9% above the Dallas-Fort Worth-Arlington, TX median. Over the past year, values have fallen 1.8%. Homes here rent for a typical $1,361 a month — a 4.5% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,361^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $5,505^[3]

#Climate risk

FEMA National Risk Index ratings for Tarrant County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Relatively Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 31,677^[3]
Median household income: $72,661^[3]

#Migration

Household moves in and out of Tarrant County over a year, from IRS tax-return data.

Net migration: +1,996^[5]
Moved in: 61,211
Moved out: 59,215

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 4
Middle: 2
High: 2

CENTRAL J H
Middle · Grades 7–9 · HURST-EULESS-BEDFORD ISD
1,096 students
OAKWOOD TERRACE EL
Elementary · Grades PK–6 · HURST-EULESS-BEDFORD ISD
768 students
HARMONY SCHOOL OF INNOVATION- EULESS
Elementary · Grades K–5 · HARMONY PUBLIC SCHOOLS - NORTH TEXAS
688 students
WILSHIRE EL
Elementary · Grades PK–6 · HURST-EULESS-BEDFORD ISD
664 students
SOUTH EULESS EL
Elementary · Grades PK–6 · HURST-EULESS-BEDFORD ISD
639 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$16,333

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,826

Loan principal$288,854

Down payment$72,214

Total interest paid$368,418

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.90

Monthly cost to own$2,584

Monthly rent$1,361

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 68th percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 71st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 76040?: The typical home in 76040 is worth $361,068, based on the Zillow Home Value Index.
Are home values rising in 76040?: Home values in 76040 are down 1.8% over the past year, and up 4.6% a year over five years.
What is the typical rent in 76040?: A typical home in 76040 rents for about $1,361 a month, a gross rental yield of 4.5%.
What is the property tax rate in 76040?: The effective property tax rate in 76040 is 1.5% — roughly $5,505 a year on a typical home.
Who lives in 76040?: ZIP code 76040 has a population of 31,677 and a median household income of $72,661.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

75422 vs 76040 →
Campbell, TX
Typical home
$361,227
Gross yield
—
76227 vs 76040 →
Cross Roads, TX
Typical home
$361,332
Gross yield
5.6%
75067
Lewisville, TX
Typical home
$361,396
Gross yield
4.9%
75088
Rowlett, TX
Typical home
$361,995
Gross yield
5.7%
76259
Ponder, TX
Typical home
$360,005
Gross yield
—
76225
Alvord, TX
Typical home
$359,246
Gross yield
—

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#Jump to section

U.S. ZIP Code · TX76040

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