Boyd, TX 76023 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Boyd, TX—76023

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$372,000

1.7% YoY Growth

Household Income

$80,900

38.0% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

0.5%

Median Rent

$2,000

2.1% YoY Growth

1-Bed Rent

$985

8.8% YoY Growth

2-Bed Rent

$975

35.0% YoY Growth

3-Bed Rent

$1,800

9.4% YoY Growth

Home Price Trends — Boyd, TX

As of Dec '25, the median home price in Boyd, TX is $372,000, with a year-over-year change of -1.7%. This indicates that home prices in Boyd, TX are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$372,000	-1.7%
Single Family	$372,000	-1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Boyd, TX

As of July '25, Rentcast reports the average rent in Boyd, TX is $1,850, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Boyd, TX is 1-bedrooms: $985, 2-bedrooms: $975, 3-bedrooms: $1,740, 4-bedrooms: $2,140. The most common rental property sizes in Boyd, TX are 3-bedroom and studio, accounting for 43.7% and 28.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$1,850
Studio Rent	N/A	N/A
1 Bed Rent	$985	$985
2 Bed Rent	$975	$975
3 Bed Rent	$1,800	$1,740
4 Bed Rent	$2,100	$2,140

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% of Rental Stock

Studio

28.5%

1 Bedroom

10.7%

2 Bedrooms

15.0%

3 Bedrooms

43.7%

4 Bedrooms

2.1%

Property Listings — Boyd, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Boyd, TX is 82. This is a decrease of -10.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$454,000	-9.0%
Listing Count	66	16.0%
Listings as % of Homes	2.4%	16.0%
Days on Market	94	12.0%

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Demographics — Boyd, TX

As of the latest ACS Survey released in 2023, Boyd, TX has a population of 7,190, which has increased by 10.1% over the past 5 years. Boyd, 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 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,190	10.1%
% Under 18	22.9%	5.0%
% Seniors	13.4%	-8.8%
% WFH	9.9%	90.4%
% w/ College Degree	18.8%	5.0%

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As of the latest ACS Survey released in 2023, Boyd, TX is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Boyd, TX is hispanic, making up 10.9% of the population. Foreign-born residents account for 3.5% of the population in Boyd, TX, and this percentage has increased by 84.2% 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	85.3%	-5.8%
% Black	0.3%	50.0%
% Hispanic	10.9%	39.7%
% Asian	0.0%	N/A
% Foreign Born	3.5%	84.2%

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Mortgage and Risk — Boyd, TX

According to HUD data as of 2023, there were 396 mortgage originations in Boyd, TX, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Boyd, 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	396
% Conventional Loans	58.0%
% Government Loans	42.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Boyd, TX

As of 2024, the percent of homes in Boyd, TX under the Section 8 program is 3.6%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Boyd, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	16
Total Units Section 8	16
% Rentals under Section 8	3.6%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$65	$985	$1,050
2 Bedroom	$275	$975	$1,250
3 Bedroom	-$60	$1,800	$1,740
4 Bedroom	-$110	$2,100	$1,990

Boyd, TX—76023

Key Metrics at a Glance

Home Price Trends — Boyd, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Boyd, TX

% of Rental Stock

Property Listings — Boyd, TX

Demographics — Boyd, TX

Race and Ethnicity

Mortgage and Risk — Boyd, TX

Mortgages

Rentals and Section 8 — Boyd, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Boyd, TX

Home Price to Income Ratio

Boyd, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Newark, TX

Paradise, TX

Springtown, TX

New Fairview, TX

Azle, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$372,000
Median Household Income	$80,900

Boyd, TX—76023

Key Metrics at a Glance

Home Price Trends — Boyd, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Boyd, TX

% of Rental Stock

Property Listings — Boyd, TX

Demographics — Boyd, TX

Race and Ethnicity

Mortgage and Risk — Boyd, TX

Mortgages

Rentals and Section 8 — Boyd, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Boyd, TX

Home Price to Income Ratio

Boyd, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Newark, TX

Paradise, TX

Springtown, TX

New Fairview, TX

Azle, TX

Frequently Asked Questions

What is the average home price in Boyd, TX 76023?

How have home prices in Boyd, TX 76023 changed over the past year?

What is the home price projection for Boyd, TX 76023?

What are the demographics of Boyd, TX 76023?

How long does it take homes to sell in Boyd, TX 76023?

What is the average rent price in Boyd, TX 76023?