77407 — Richmond / Telfair

Richmond / Telfair (ZIP 77407) is a densely settled Houston neighborhood, home to about 81,459 people across 18 square miles — roughly 4,526 residents per square mile. It has the texture of an established inner-ring community: a mix of older single-family stock and newer infill, with daily errands rarely more than a few minutes away. Economically it skews upper-middle: a median household income of $101,595 sits 20% above the Houston median of $84,833, the kind of figure typical of dual-income professional and managerial households.

The population skews prime working age (median age 33.8) and family-oriented, with an average household of 3.3 people. With a diversity index of 73/100, 77407 is more racially and ethnically diverse than the typical Houston ZIP. The largest groups are Asian (33.7%) and Black (27%).

Put in context, 77407's median home value of $353,800 sits 17% 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 — 53.5% of adults hold a bachelor's degree, versus the 35% metro average — reinforces the area's higher-skill, higher-earning profile.

With a price-to-income ratio of 3.5, buying here remains realistic for local earners. The $353,800 median home is about 3.5 times median income — modestly above the classic 3x rule but well within reach for households with steady dual incomes. As a rough yardstick, a household would want income near $117,933 to buy at the local median under conventional guidelines.

Renting is comparatively comfortable here. Median rent of $1,993/month is only about 24% of median household income — a healthy cushion below the 30% cost-burden line. The neighborhood is owner-dominated (77.8% of homes are owner-occupied), which tends to correlate with longer tenancies and a more settled residential feel. Annualized, the typical renter pays about $23,916 per year for housing.

Be ready for the drive — the average commute of 37 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 (0.4%), but a sizable 16.6% of residents work from home, easing rush-hour exposure.

Day to day, residents have roughly 123 restaurants, 4 grocery stores, 35 parks, and 7 gyms within or near the ZIP. Health care is close at hand with 1 hospital and 5 pharmacies in the area. Notable nearby draws include Telfair Community, Long Meadow Farms, Fort Bend Library.

Who does 77407 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.