How much is a home worth in ZIP code 77040?

The typical home in 77040 is worth $262,865, based on the Zillow Home Value Index.

Are home values rising in 77040?

Home values in 77040 are down 3.2% over the past year, and up 4.0% a year over five years.

What is the typical rent in 77040?

A typical home in 77040 rents for about $1,273 a month, a gross rental yield of 5.8%.

What is the property tax rate in 77040?

The effective property tax rate in 77040 is 1.5% — roughly $3,867 a year on a typical home.

ZIP code 77040 has a population of 50,977 and a median household income of $65,028.

HousingHandbookReference data

…

U.S. ZIP Code · TX77040

Harris County · Houston-Pasadena-The Woodlands, TX

Typical home value

$262,865^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.2%
5-year / yr: +4.0%
10-year / yr: +4.9%

Relative price

vs U.S.: -7.5%
vs metro: -4.6%
vs state: ≈ state median

Price history

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

The typical home in 77040 is worth $262,865 — 4.6% below the Houston-Pasadena-The Woodlands, TX median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $1,273 a month — a 5.8% 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: $1,273^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $3,867^[3]

#Climate risk

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

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively High
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Very High
Hurricane: Very High
Tornado: Very High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 50,977^[3]
Median household income: $65,028^[3]

#Migration

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

Net migration: -7,225^[5]
Moved in: 94,726
Moved out: 101,951

Schools

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

Public schools: 8
Elementary: 5
Middle: 1
High: 1

JERSEY VILLAGE H S
High · Grades 9–12 · CYPRESS-FAIRBANKS ISD
3,365 students
DEAN MIDDLE
Middle · Grades 6–8 · CYPRESS-FAIRBANKS ISD
1,198 students
HARMONY SCHOOL OF EXCELLENCE-HOUSTON
Elementary · Grades K–8 · HARMONY PUBLIC SCHOOLS - HOUSTON NORTH
1,113 students
BANE EL
Elementary · Grades PK–5 · CYPRESS-FAIRBANKS ISD
887 students
REED EL
Elementary · Grades PK–5 · CYPRESS-FAIRBANKS ISD
836 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$15,275

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$1,329

Loan principal$210,292

Down payment$52,573

Total interest paid$268,216

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 ratio1.47

Monthly cost to own$1,870

Monthly rent$1,273

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: 70th percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 61st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 77040?: The typical home in 77040 is worth $262,865, based on the Zillow Home Value Index.
Are home values rising in 77040?: Home values in 77040 are down 3.2% over the past year, and up 4.0% a year over five years.
What is the typical rent in 77040?: A typical home in 77040 rents for about $1,273 a month, a gross rental yield of 5.8%.
What is the property tax rate in 77040?: The effective property tax rate in 77040 is 1.5% — roughly $3,867 a year on a typical home.
Who lives in 77040?: ZIP code 77040 has a population of 50,977 and a median household income of $65,028.

#Comparable ZIPs

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

77598 vs 77040 →
Webster, TX
Typical home
$263,729
Gross yield
6.4%
77083 vs 77040 →
Mission Bend CDP, TX
Typical home
$264,009
Gross yield
8.8%
77577
Liverpool, TX
Typical home
$264,017
Gross yield
—
77357
Roman Forest, TX
Typical home
$264,100
Gross yield
8.3%
77035
Houston, TX
Typical home
$261,282
Gross yield
5.4%
77328
Cleveland, TX
Typical home
$260,798
Gross yield
8.0%

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#Jump to section

U.S. ZIP Code · TX77040

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