What is the median home value in Fort Bend County, TX?

The median home value in Fort Bend County, TX is $350,300, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Fort Bend County, TX?

The cap rate proxy in Fort Bend County, TX is 5.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is moderate — deal-by-deal analysis recommended.

How much new construction is happening in Fort Bend County, TX?

Fort Bend County has 859,721 residents and issued 12,061 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Houston-The Woodlands-Sugar Land, TX · Texas

Fort Bend County

859,721 residents12,061 permits TTM$113,409 median HHI21 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$350,300

ACS 5-Year

Cap rate proxy

5.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.7%

HUD FMR ÷ ACS HHI

Net migration

+2.92%

IRS SOI

Permits (TTM)

12,061

Census BPS

Climate risk

97.5

FEMA NRI (0–100)

ZIP code breakdown21 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
77053	$195,537	$1,800	11.0%	10.9%	1.4%
77489	$229,688	$2,030	10.6%	10.1%	5.1%
77545	$278,487	$2,360	10.2%	9.5%	6.2%
77498	$323,378	$2,100	7.8%	6.9%	11.4%
77471	$280,874	$1,530	6.5%	6.9%	-4.9%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$276,743	$1,180	5.1%	7.7%	-50.0%
$339,166	$1,740	6.2%	6.9%	-11.4%
$394,163	$2,350	7.2%	6.5%	8.8%
$282,610	$1,670	7.1%	6.4%	10.3%
$350,300county est.	$1,280	4.4%	6.1%	-38.3%
$350,300county est.	$1,720	5.9%	6.1%	-2.9%
$350,300county est.	$1,390	4.8%	6.1%	-27.3%
$350,300county est.	$1,250	4.3%	6.1%	-41.6%
$350,300county est.	$1,560	5.3%	6.1%	-13.5%
$351,673	$1,390	4.7%	6.0%	-27.3%
$419,362	$2,190	6.3%	5.2%	17.2%
$536,769	$2,360	5.3%	5.1%	3.6%
$377,849	$2,120	6.7%	5.1%	24.6%
$426,641	$2,000	5.6%	5.0%	11.9%
$516,938	$2,190	5.1%	4.8%	6.4%
$483,256	$2,360	5.9%	4.4%	25.7%

Demographics

Owner-occupied

77.5%

Census ACS

Vacancy rate

4.2%

Census ACS

Bachelor's degree +

49.3%

Census ACS

Rent burdened

47.8%

Census ACS (>30% income)

Median age

37.1

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Fort Bend County

See all 21 ZIPs ranked by yield and cap rate