Mineral Wells, TX—76067
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mineral Wells, TX
As of Oct '25, the median home price in Mineral Wells, TX is $197,000, with a year-over-year change of -0.1%. This indicates that home prices in Mineral Wells, TX are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | -0.1% |
| Single Family | $198,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $144,000 | -1.4% |
3 Bed | $228,000 | 0.4% |
4 Bed | $299,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mineral Wells, TX
As of July '25, Rentcast reports the average rent in Mineral Wells, TX is $1,420, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Mineral Wells, TX is 1-bedrooms: $812, 2-bedrooms: $1,150, 3-bedrooms: $1,770, 4-bedrooms: $1,540. The most common rental property sizes in Mineral Wells, TX are 2-bedroom and 3-bedroom, accounting for 43.4% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $699 | $812 |
| 2 Bed Rent | $1,180 | $1,150 |
| 3 Bed Rent | $1,800 | $1,770 |
| 4 Bed Rent | $1,500 | $1,540 |
% of Rental Stock
Property Listings — Mineral Wells, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Mineral Wells, TX is 77. This is a increase of 15.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 3.0% |
Listing Count | 134 | 18.0% |
| Listings as % of Homes | 1.1% | 18.0% |
Days on Market | 77 | 15.0% |
Demographics — Mineral Wells, TX
As of the latest ACS Survey released in 2023, Mineral Wells, TX has a population of 20,900, which has increased by 3.4% over the past 5 years. Mineral Wells, TX is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 13.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,900 | 3.4% |
% Under 18 | 24.5% | -3.5% |
% Seniors | 16.9% | 7.0% |
% WFH | 3.3% | -28.3% |
% w/ College Degree | 13.3% | 0.0% |
As of the latest ACS Survey released in 2023, Mineral Wells, TX is a predominantly white area, with 70.1% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Mineral Wells, TX is hispanic, making up 22.3% of the population. Foreign-born residents account for 6.0% of the population in Mineral Wells, TX, and this percentage has decreased by 29.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.1% | 0.7% |
% Black | 3.5% | 9.4% |
% Hispanic | 22.3% | -9.7% |
% Asian | 1.4% | 55.6% |
% Foreign Born | 6.0% | -29.4% |
Mortgage and Risk — Mineral Wells, TX
According to HUD data as of 2023, there were 245 mortgage originations in Mineral Wells, TX, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Mineral Wells, TX. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 245 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mineral Wells, TX
As of 2024, the percent of homes in Mineral Wells, TX under the Section 8 program is 9.3%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mineral Wells, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 325 |
Total Units Section 8 | 267 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 80.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $201 | $699 | $900 |
| 2 Bedroom | -$120 | $1,180 | $1,060 |
| 3 Bedroom | -$400 | $1,800 | $1,400 |
| 4 Bedroom | $220 | $1,500 | $1,720 |
Affordability — Mineral Wells, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $197,000 |
| Median Household Income | $59,700 |