Alvarado, TX—76009
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alvarado, TX
As of Oct '25, the median home price in Alvarado, TX is $309,000, with a year-over-year change of -2.9%. This indicates that home prices in Alvarado, TX are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $309,000 | -2.9% |
| Single Family | $309,000 | -3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $180,000 | -6.2% |
3 Bed | $280,000 | -3.4% |
4 Bed | $375,000 | -2.6% |
| 5 Bed | $430,000 | -4.2% |
% of Housing Stock
Rental Trends — Alvarado, TX
As of July '25, Rentcast reports the average rent in Alvarado, TX is $2,060, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Alvarado, TX is 1-bedrooms: $1,170, 2-bedrooms: $1,420, 3-bedrooms: $2,000, 4-bedrooms: $2,310. The most common rental property sizes in Alvarado, TX are 3-bedroom and 2-bedroom, accounting for 42.8% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,170 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $1,900 | $2,000 |
| 4 Bed Rent | $2,300 | $2,310 |
% of Rental Stock
Property Listings — Alvarado, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Alvarado, TX is 69. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $347,000 | -9.0% |
Listing Count | 114 | -20.0% |
| Listings as % of Homes | 0.7% | -20.0% |
Days on Market | 69 | -3.0% |
Demographics — Alvarado, TX
As of the latest ACS Survey released in 2023, Alvarado, TX has a population of 21,100, which has remained stable by 0.4% over the past 5 years. Alvarado, TX is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | 0.4% |
% Under 18 | 25.8% | -8.2% |
% Seniors | 14.6% | 35.2% |
% WFH | 3.4% | 30.8% |
% w/ College Degree | 13.7% | 34.3% |
As of the latest ACS Survey released in 2023, Alvarado, TX is a predominantly white area, with 56.4% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Alvarado, TX is hispanic, making up 39.0% of the population. Foreign-born residents account for 10.0% of the population in Alvarado, TX, and this percentage has increased by 51.5% 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 | 56.4% | -13.6% |
% Black | 3.1% | 244.4% |
% Hispanic | 39.0% | 25.8% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 10.0% | 51.5% |
Mortgage and Risk — Alvarado, TX
According to HUD data as of 2023, there were 438 mortgage originations in Alvarado, TX, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Alvarado, TX. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Alvarado, TX
As of 2024, the percent of homes in Alvarado, TX under the Section 8 program is 0.2%. 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 Alvarado, 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 | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,150 | $1,290 |
| 2 Bedroom | $100 | $1,400 | $1,500 |
| 3 Bedroom | $80 | $1,900 | $1,980 |
| 4 Bedroom | $120 | $2,300 | $2,420 |
Affordability — Alvarado, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $309,000 |
| Median Household Income | $73,700 |