Nevada, TX—75173
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nevada, TX
As of Oct '25, the median home price in Nevada, TX is $363,000, with a year-over-year change of -3.9%. This indicates that home prices in Nevada, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | -3.9% |
| Single Family | $363,000 | -4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $354,000 | -3.8% |
4 Bed | $396,000 | -2.7% |
| 5 Bed | $423,000 | -3.2% |
% of Housing Stock
Rental Trends — Nevada, TX
As of July '25, Rentcast reports the average rent in Nevada, TX is $2,250, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Nevada, TX is 2-bedrooms: $2,200, 3-bedrooms: $2,340, 4-bedrooms: $2,170. The most common rental property sizes in Nevada, TX are 3-bedroom and 5+ bedroom, accounting for 55.2% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $2,200 |
| 3 Bed Rent | $2,050 | $2,340 |
| 4 Bed Rent | $2,040 | $2,170 |
% of Rental Stock
Property Listings — Nevada, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Nevada, TX is 89. This is a increase of 36.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $435,000 | 3.0% |
Listing Count | 139 | 35.0% |
| Listings as % of Homes | 1.7% | 35.0% |
Days on Market | 89 | 36.0% |
Demographics — Nevada, TX
As of the latest ACS Survey released in 2023, Nevada, TX has a population of 9,280, which has increased by 124.7% over the past 5 years. Nevada, TX is a popular place for families, as children make up 27.4% 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 some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,280 | 124.7% |
% Under 18 | 27.4% | 23.4% |
% Seniors | 10.5% | -22.8% |
% WFH | 11.5% | 117.0% |
% w/ College Degree | 20.5% | 3.0% |
As of the latest ACS Survey released in 2023, Nevada, TX is a predominantly white area, with 64.9% of the population identifying as white. The white population has shrunk by 17.6% in the last 5 years. The second most common race or ethnicity in Nevada, TX is hispanic, making up 28.3% of the population. Foreign-born residents account for 16.6% of the population in Nevada, TX, and this percentage has increased by 213.2% 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 | 64.9% | -17.6% |
% Black | 2.5% | -13.8% |
% Hispanic | 28.3% | 91.2% |
% Asian | 0.9% | 0.0% |
% Foreign Born | 16.6% | 213.2% |
Mortgage and Risk — Nevada, TX
According to HUD data as of 2023, there were 675 mortgage originations in Nevada, TX, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Nevada, TX. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 675 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Nevada, TX
Nevada, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,460 |
| 2 Bedroom | -$490 | $2,200 | $1,710 |
| 3 Bedroom | $90 | $2,050 | $2,140 |
| 4 Bedroom | $710 | $2,040 | $2,750 |
Affordability — Nevada, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $363,000 |
| Median Household Income | $100,000 |