Savoy, TX—75479
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Savoy, TX
Savoy, TX lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | -0.3% |
| Single Family | $292,000 | -0.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Savoy, TX
As of July '25, Rentcast reports the average rent in Savoy, TX is $2,140, with a year-over-year rent change of 137.8%. Per bedroom, the median rent as of July '25 in Savoy, TX is 3-bedrooms: $2,680, 4-bedrooms: $1,600. The most common rental property sizes in Savoy, TX are 3-bedroom and 2-bedroom, accounting for 61.1% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,680 | $2,680 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Savoy, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Savoy, TX is 72. This is a increase of 2.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | -40.0% |
Listing Count | 15 | -4.0% |
| Listings as % of Homes | 1.4% | -4.0% |
Days on Market | 72 | 2.0% |
Demographics — Savoy, TX
As of the latest ACS Survey released in 2023, Savoy, TX has a population of 2,090, which has increased by 14.9% over the past 5 years. Savoy, TX is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,090 | 14.9% |
% Under 18 | 22.9% | 11.7% |
% Seniors | 16.7% | -23.7% |
% WFH | 10.1% | 260.7% |
% w/ College Degree | 20.1% | 36.7% |
As of the latest ACS Survey released in 2023, Savoy, TX is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Savoy, TX is hispanic, making up 9.1% of the population. Foreign-born residents account for 3.4% of the population in Savoy, TX, and this percentage has increased by 36.0% 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 | 82.4% | -8.3% |
% Black | 1.2% | 100.0% |
% Hispanic | 9.1% | 71.7% |
% Asian | 2.0% | ∞% |
% Foreign Born | 3.4% | 36.0% |
Mortgage and Risk — Savoy, TX
According to HUD data as of 2023, there were 67 mortgage originations in Savoy, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Savoy, TX. Investor activity is low, as 3.0% 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 | 67 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Savoy, TX
Savoy, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 22.9% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | -$1,160 | $2,680 | $1,520 |
| 4 Bedroom | $280 | $1,600 | $1,880 |
Affordability — Savoy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $292,000 |
| Median Household Income | $73,700 |