Real Estate Market Update for 77406 (Richmond, TX)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was stable compared to one year earlier, and down 4% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 31%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 260-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 15% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 77406 (Richmond, TX)
Area Information for 77406 (Richmond, TX)
  • Population: 39,964
  • Median Age: 38.92 yr
  • Median Commute Time: 33 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 615/sq mi
  • Population Change Since 2000: 91.14%
  • Closest Airport: William P Hobby
  • Closest College: Houston Baptist University
  • Closest Jr. College: Remington College-houston
  • Median Household Income: $108,078
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $272,437
  • Closest Major Sports Team: Houston Texans
  • Change Avg. Household Income Since 2000: 36.58%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77406 (Richmond, TX)
Median Age: 38.92 Married: 50% Number of Households: 13,009 Households with Children: 5,281
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77406 (Richmond, TX)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      The King's Academy 2.7 mi Private 1-9 0 0
      Stephen F Austin Elementary School 3.0 mi Public K-5 5 5
      James Bowie Middle 4.0 mi Public 6-8 0 0
      Frost Elementary School 4.1 mi Public K-5 5 5
      Briscoe J High School 4.1 mi Public 7-8 4 3
      Pecan Grove Elementary School 4.2 mi Public PRESCHOOL-5 4 0
      Foster High School 4.2 mi Public 9-12 3-5 4
      Judge James C Adolphus Elementary 5.4 mi Public PRESCHOOL-5 0 0
      William B Travis High School 5.7 mi Public 9-12 3-5 3
      Westlake Preparatory Lutheran Academy 7.3 mi Private PRESCHOOL-6 0 0
      Joe Hubenak Elementary School 7.9 mi Public PRESCHOOL-5 5 5
      Oakland Elementary School 8.4 mi Public K-5 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for 77406 (Richmond, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.