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Terrell, TX—75160

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$264,000
2.5% YoY Growth
Household Income
$70,900
39.4% YoY Growth
Days on Market
54
3.0% Longer YoY
Home Price Forecast
-1.3%
Median Rent
$1,650
6.7% YoY Growth
1-Bed Rent
$1,180
4.1% YoY Growth
2-Bed Rent
$1,380
5.6% YoY Growth
3-Bed Rent
$1,850
0.5% YoY Growth

Other Zip Codes in Terrell, TX

75161
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Terrell, TX

As of May '26, the median home price in Terrell, TX is $264,000, with a year-over-year change of -2.5%. This indicates that home prices in Terrell, TX are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$264,000-2.5%
Single Family $264,000-2.6%
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
    		$185,000-5.1%
    3 Bed
    		$258,000-2.6%
    4 Bed
    		$375,000-2.3%
    5 Bed $523,669-1.2%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    9.1%
    2 Bedrooms
    19.1%
    3 Bedrooms
    52.1%
    4 Bedrooms
    15.0%
    5+ Bedrooms
    3.1%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.6%
    1 Bedroom
    23.2%
    2 Bedrooms
    33.1%
    3 Bedrooms
    33.6%
    4 Bedrooms
    6.5%

    Property Listings — Terrell, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Terrell, TX is 54. This is a increase of 3.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$329,000-2.0%
    Listing Count
    		184-7.0%
    Listings as % of Homes1.2%-7.0%
    Days on Market
    		543.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		26,1003.3%
    % Under 18
    		27.2%10.6%
    % Seniors
    		15.0%-0.7%
    % WFH
    		8.8%203.4%
    % w/ College Degree
    		20.5%23.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$264,000
    Median Household Income$70,900

    Terrell, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Terrell, TX

    75161

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    Frequently Asked Questions