77406 — Richmond / Pecan Grove

Richmond / Pecan Grove covers ZIP code 77406, a suburban-scale slice of the Houston metro with 65,716 residents spread over 25 square miles. At about 2,629 people per square mile, it reads as a car-oriented community of subdivisions, arterial retail, and pockets of green space rather than a dense urban grid. By Houston standards this is an affluent area. The median household here earns $143,023 — 69% above the metro median of $84,833 — and per-capita income runs $51,582, both signals of concentrated wealth and high-earning professional households.

The population skews prime working age (median age 38.1) and family-oriented, with an average household of 2.97 people. With a diversity index of 59.2/100, 77406 is more racially and ethnically diverse than the typical Houston ZIP. The largest groups are White (55.3%) and Hispanic or Latino (26.1%).

Put in context, 77406's median home value of $383,400 sits 27% above the Houston-area median home value of $301,548. That places local home values above the national median (around $340,000), though still well under coastal-metro pricing in California or the Northeast. Educational attainment — 48.6% of adults hold a bachelor's degree, versus the 35% metro average — reinforces the area's higher-skill, higher-earning profile.

At a home-price-to-income ratio of 2.7, ownership in 77406 is unusually attainable. The median home of $383,400 is only 2.7 times the local median income — comfortably inside the 3x threshold lenders and financial planners treat as affordable. As a rough yardstick, a household would want income near $127,800 to buy at the local median under conventional guidelines.

Renting is comparatively comfortable here. Median rent of $1,986/month is only about 17% of median household income — a healthy cushion below the 30% cost-burden line. The neighborhood is owner-dominated (87.3% of homes are owner-occupied), which tends to correlate with longer tenancies and a more settled residential feel. Annualized, the typical renter pays about $23,832 per year for housing.

Be ready for the drive — the average commute of 36 minutes runs longer than the 28-minute Houston average, a reflection of this area's distance from the major job centers. Transit use is light (0.6%), but a sizable 16.2% of residents work from home, easing rush-hour exposure.

Day to day, residents have roughly 75 restaurants, 3 grocery stores, 27 parks, and 4 gyms within or near the ZIP. There are 1 pharmacies locally, though major hospital care means a trip to an adjacent ZIP. Notable nearby draws include Fort Bend County Fairgrounds, Brazos Town Center, Pecan Grove Plantation.

Who does 77406 suit best? On the data, it fits families looking to put down roots and first-time buyers watching their budget. Flood risk is moderate here, so reviewing the specific property's FEMA designation is still worthwhile.