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Housing market/Texas/ZIP 77040

ACS 2023 · FY2027 SAFMR

ZIP 77040 Houston, Texas

Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area · Texas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
50,446
Households
18,315
Median HH income
$67,254
Renter share
48.2%
Median gross rent
$1,343
Vacancy
4.6%
Pop. change
+4.5%
2BR SAFMR
$1,440
SAFMR / rent
1.072×
2–49 unit stock
5,887
LIHTC proj / units
3 / 486
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 77040 · TX — sent to you.

ZIP 77040 · TX

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ACS rent vs 2BR SAFMR

ZIP 77040 — Houston, TX HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,343
2BR SAFMR$1,440
90% floor$1,296
110% ceiling$1,584

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 77040

  • 1-unit detached10,24953.8%
  • 1-unit attached6553.4%
  • 2–4 units1,3507.1%
  • 5–49 units4,53723.8%
  • 50+ units1,6288.5%
  • Mobile6433.4%
TypeUnitsShare
1-unit detached10,24953.4%
1-unit attached6553.4%
2 units (duplex)1380.7%
3–4 units1,2126.3%
5–9 units1,3907.2%
10–19 units2,60313.6%
20–49 units5442.8%
50+ units1,6288.5%
Mobile6433.3%

2–4 unit share 7.0% · 5–49 unit share 23.6% · combined 2–49 30.7%.

Units by bedrooms

Studio
571
1BR
3,321
2BR
4,450
3BR
7,245
4BR
3,267
5+
343

Rent burden

Rent ≥30% of income54.3%
Rent ≥50% of income28.4%
  • ACS median gross rent $1,343 (all bedrooms, occupied rentals).
  • Median contract rent $1,145.
  • Renters paying ≥30% of income 54.3%; ≥50% 28.4%.
  • FY2027 2BR SAFMR $1,440 (1.072× ACS median gross rent).

Population

50,446 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 486 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 11,737 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 77040 48.2% of occupied households are renters; vacancy is 4.6%; ACS median gross rent is $1,343; population increased +4.5% between the 2018 and 2023 ACS vintages; the housing stock includes 1,350 units in 2–4-unit structures and 4,537 units in 5–49-unit structures; 3 LIHTC projects totaling 486 units; FY2027 2BR SAFMR is $1,440 versus ACS median gross rent of $1,343. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Texas research

ZIP 77040 is a Census / HUD profile for Houston-The Woodlands-Sugar Land, TX. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 77040 — Houston, TX HUD Section 8 Payment Standards / SAFMR·Texas ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
77001Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area——$1,47077002Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area90.7%$1,860$2,25077003Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area54.8%$1,562$1,76077004Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area62.3%$1,320$1,48077005Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area27.6%$2,058$2,23077006Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area65.1%$1,761$2,25077007Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area54.0%$1,951$2,25077008Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area41.0%$1,567$1,81077009Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area41.3%$1,229$1,34077010Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area100.0%$3,269$2,25077011Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area48.8%$1,063$1,13077012Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area58.5%$944$1,020

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Texas research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 77040?

ZIP 77040 (Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area) has 50,446 residents, 18,315 households, a renter share of 48.2%, median household income of $67,254, and ACS 2023 median gross rent of $1,343. Vacancy is 4.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 77040?

ACS counts 138 units in 2-unit buildings, 1,212 in 3–4 unit buildings, 1,390 in 5–9, 2,603 in 10–19, and 544 in 20–49. Combined 2–49 unit stock is 5,887 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 77040?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,440. See the full schedule and 90–110% payment-standard band on the ZIP 77040 — Houston, TX HUD Section 8 Payment Standards / SAFMR.

Does this Texas ZIP profile include Georgia listings?

No. ZIP 77040 is Census / HUD research for Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Jeff Crowe CRE does not list Texas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.