Market Intelligence · TX / Richmond

Richmond, TX 77406 Housing Market

The typical home value in Richmond, TX 77406 is $415,426, down 1.9% over the past year. The median list price sits at $469,534, with homes spending a median of 57 days on the market as of September 2026.

Updated September 2026Median value$415K

The median home value in Richmond, TX 77406 is $415K as of September 2026, down 1.9% 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 77406 range

$382K to $449K

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

-1.9% over 12 months

Sep 2025$424K

Low $415KHigh $424K

Sep 2026$415K

The numbers

What is the 77406 housing market like?

As of September 2026

Typical home value

$415K

1.9%YoY

Median list price

$470K

0.0%MoM

Days on market

9.6%MoM

Homes for sale

554

7.8%MoM

Price cuts

23.1%

15.6%MoM

New listings

124

3.3%MoM

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

The outlook

77406 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 77406 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 77406 fell 1.9%, per the Zillow Home Value Index.

Will home prices drop in 77406?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 77406 to stay roughly flat by September 2027 (no change), after a 1.9% 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 77406 home prices compare?

77406$415,426
Richmond$372,531
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 (Richmond: 3 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

Richmond's inventory includes 554 homes for sale, with 124 new listings added in September 2026. The median time on market of 57 days suggests a moderately paced selling environment. Nearly a quarter of listings, at 23.1%, have seen price reductions. Combined with the year-over-year decline in typical home value, this points to a market where sellers should price competitively and be ready to negotiate.

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Down payment20% · $83,085

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Common questions

What people ask us.

What is the typical home value in Richmond, TX 77406?

The typical home value is $415,426, down 1.9% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 57 as of September 2026.

What share of homes have price cuts?

About 23.1% of listings have received price cuts as of September 2026.

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Nearby ZIP markets.

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