Terrell, TX—75160
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Terrell, TX
Home Price Trends — Terrell, TX
As of Oct '25, the median home price in Terrell, TX is $257,000, with a year-over-year change of -3.0%. This indicates that home prices in Terrell, TX are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | -3.0% |
| Single Family | $257,000 | -3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | -3.7% |
3 Bed | $254,000 | -3.4% |
4 Bed | $376,000 | -3.1% |
| 5 Bed | $541,000 | -1.8% |
% of Housing Stock
Rental Trends — Terrell, TX
As of July '25, Rentcast reports the average rent in Terrell, TX is $1,660, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Terrell, TX is studios: $1,200, 1-bedrooms: $1,180, 2-bedrooms: $1,350, 3-bedrooms: $1,820, 4-bedrooms: $2,210. The most common rental property sizes in Terrell, TX are 3-bedroom and 2-bedroom, accounting for 33.6% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,660 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,180 | $1,180 |
| 2 Bed Rent | $1,380 | $1,350 |
| 3 Bed Rent | $1,850 | $1,820 |
| 4 Bed Rent | $2,100 | $2,210 |
% of Rental Stock
Property Listings — Terrell, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Terrell, TX is 71. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | -4.0% |
Listing Count | 190 | 9.0% |
| Listings as % of Homes | 1.2% | 9.0% |
Days on Market | 71 | 0.0% |
Demographics — Terrell, TX
As of the latest ACS Survey released in 2023, Terrell, TX has a population of 26,100, which has increased by 3.3% over the past 5 years. Terrell, TX is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 3.3% |
% Under 18 | 27.2% | 10.6% |
% Seniors | 15.0% | -0.7% |
% WFH | 8.8% | 203.4% |
% w/ College Degree | 20.5% | 23.5% |
As of the latest ACS Survey released in 2023, Terrell, TX is a predominantly white area, with 46.4% of the population identifying as white. The white population has shrunk by 14.9% in the last 5 years. The second most common race or ethnicity in Terrell, TX is hispanic, making up 33.2% of the population. Foreign-born residents account for 11.0% of the population in Terrell, TX, and this percentage has increased by 23.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.4% | -14.9% |
% Black | 18.0% | 6.5% |
% Hispanic | 33.2% | 37.2% |
% Asian | 0.1% | -93.3% |
% Foreign Born | 11.0% | 23.6% |
Mortgage and Risk — Terrell, TX
According to HUD data as of 2023, there were 421 mortgage originations in Terrell, TX, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Terrell, TX. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 421 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Terrell, TX
As of 2024, the percent of homes in Terrell, TX under the Section 8 program is 18.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Terrell, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 452 |
Total Units Section 8 | 452 |
% Rentals under Section 8 | 18.9% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,180 | $1,320 |
| 2 Bedroom | $170 | $1,380 | $1,550 |
| 3 Bedroom | $90 | $1,850 | $1,940 |
| 4 Bedroom | $390 | $2,100 | $2,490 |
Affordability — Terrell, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $257,000 |
| Median Household Income | $70,900 |