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Payne Springs, TX—75156

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$276,000
5.7% YoY Growth
Household Income
$59,300
25.3% YoY Growth
Days on Market
86
10.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$1,520
2.2% YoY Growth
1-Bed Rent
$1,050
3.8% YoY Growth
2-Bed Rent
$1,350
0.0% YoY Growth
3-Bed Rent
$1,580
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Payne Springs, TX

As of Dec '25, the median home price in Payne Springs, TX is $276,000, with a year-over-year change of -5.7%. This indicates that home prices in Payne Springs, TX are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$276,000-5.7%
Single Family $278,000-5.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$201,000-4.3%
    3 Bed
    		$285,000-5.6%
    4 Bed
    		$571,000-4.5%
    5 Bed $1,044,841-4.0%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    4.8%
    2 Bedrooms
    32.5%
    3 Bedrooms
    43.0%
    4 Bedrooms
    12.6%
    5+ Bedrooms
    6.1%

    Rental Trends — Payne Springs, TX

    As of July '25, Rentcast reports the average rent in Payne Springs, TX is $1,820, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Payne Springs, TX is 1-bedrooms: $1,020, 2-bedrooms: $1,680, 3-bedrooms: $1,800, 4-bedrooms: $2,530. The most common rental property sizes in Payne Springs, TX are 2-bedroom and 3-bedroom, accounting for 61.5% and 26.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,520$1,820
    Studio Rent N/AN/A
    1 Bed Rent $1,050$1,020
    2 Bed Rent $1,350$1,680
    3 Bed Rent $1,580$1,800
    4 Bed Rent $2,300$2,530
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    % of Rental Stock

    Studio
    0.5%
    1 Bedroom
    9.5%
    2 Bedrooms
    61.5%
    3 Bedrooms
    26.1%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    1.0%

    Property Listings — Payne Springs, TX

    As of Dec '25, Realtor.com reports that the median days on market for a home in Payne Springs, TX is 92. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$318,000-2.0%
    Listing Count
    		2807.0%
    Listings as % of Homes2.0%7.0%
    Days on Market
    		8610.0%
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    Demographics — Payne Springs, TX

    As of the latest ACS Survey released in 2023, Payne Springs, TX has a population of 15,700, which has decreased by -2.3% over the past 5 years. Payne Springs, TX is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		15,700-2.3%
    % Under 18
    		16.8%-18.8%
    % Seniors
    		23.2%5.0%
    % WFH
    		11.8%122.6%
    % w/ College Degree
    		17.0%11.1%
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    As of the latest ACS Survey released in 2023, Payne Springs, TX is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Payne Springs, TX is hispanic, making up 7.3% of the population. Foreign-born residents account for 3.5% of the population in Payne Springs, TX, and this percentage has increased by 9.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.5%-3.2%
    % Black
    		1.0%-52.4%
    % Hispanic
    		7.3%-2.7%
    % Asian
    		1.0%150.0%
    % Foreign Born
    		3.5%9.4%
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    Mortgage and Risk — Payne Springs, TX

    According to HUD data as of 2023, there were 430 mortgage originations in Payne Springs, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Payne Springs, TX. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		430
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		18.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Payne Springs, TX

    As of 2024, the percent of homes in Payne Springs, TX under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Payne Springs, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		6
    Total Units Section 8
    		6
    % Rentals under Section 8
    		0.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$70$1,050$980
    2 Bedroom-$210$1,350$1,140
    3 Bedroom-$140$1,580$1,440
    4 Bedroom-$430$2,300$1,870

    Affordability — Payne Springs, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$276,000
    Median Household Income$59,300

    Payne Springs, TX — ZIP Code Boundary Map

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    Frequently Asked Questions