Market Intelligence · TX / Houston

Houston, TX 77040 Housing Market

The typical home value in Houston's 77040 ZIP code stands at $255,196, down 2.0% over the past year. Homes list for a median of $347,000 and spend about 51 days on the market.

Updated September 2026Median value$255K

The median home value in Houston, TX 77040 is $255K as of September 2026, down 2.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 77040 range

$235K to $276K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.0% over 12 months

Sep 2025$260K

Low $255KHigh $260K

Sep 2026$255K

The numbers

What is the 77040 housing market like?

As of September 2026

Typical home value

$255K

2.0%YoY

Median list price

$347K

3.6%MoM

Days on market

13.3%MoM

Homes for sale

11.3%MoM

Price cuts

21.1%

16.1%MoM

New listings

0.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

77040 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 77040 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 77040 fell 2.0%, per the Zillow Home Value Index.

Will home prices drop in 77040?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 77040 to stay roughly flat by September 2027 (no change), after a 2.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 77040 home prices compare?

77040$255,196
Houston$247,856
Texas$258,447
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Houston: 95 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 94 homes for sale in 77040, with 28 new listings added recently. The median list price is $347,000, and homes are taking 51 days to sell on average. One in five listings has seen a price reduction, with 21.1% of homes now priced lower than their original asking price. The year-over-year decline in typical home value suggests that buyers have more negotiating room than they might have had previously, though patience remains important for anyone selling.

Monthly payment

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Down payment20% · $51,039

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Common questions

What people ask us.

What is the typical home value in 77040?

The typical home value is $255,196, representing a 2.0% decline over the past year.

How long do homes typically stay on the market here?

The median days on market is 51 days as of September 2026.

What share of homes have had price cuts?

As of September 2026, 21.1% of listings in 77040 have received a price reduction.

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Nearby ZIP markets.

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