Electra, TX—76360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Electra, TX
As of Oct '25, the median home price in Electra, TX is $74,000, with a year-over-year change of -14.4%. This indicates that home prices in Electra, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $74,000 | -14.4% |
| Single Family | $74,000 | -15.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $47,000 | -24.2% |
3 Bed | $93,000 | -12.3% |
4 Bed | $150,000 | -5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Electra, TX
As of July '25, Rentcast reports the average rent in Electra, TX is $768, with a year-over-year rent change of -36.0%. Per bedroom, the median rent as of July '25 in Electra, TX is 1-bedrooms: $886, 2-bedrooms: $650, 4-bedrooms: $650. The most common rental property sizes in Electra, TX are 3-bedroom and 2-bedroom, accounting for 35.3% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $768 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $578 | $886 |
| 2 Bed Rent | $650 | $650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $650 | $650 |
% of Rental Stock
Property Listings — Electra, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Electra, TX is 105. This is a increase of 18.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $57,800 | -27.0% |
Listing Count | 32 | 61.0% |
| Listings as % of Homes | 1.2% | 61.0% |
Days on Market | 105 | 18.0% |
Demographics — Electra, TX
As of the latest ACS Survey released in 2023, Electra, TX has a population of 2,690, which has decreased by -23.8% over the past 5 years. Electra, TX is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,690 | -23.8% |
% Under 18 | 25.5% | 90.3% |
% Seniors | 16.0% | -22.3% |
% WFH | 6.9% | 30.2% |
% w/ College Degree | 17.9% | 45.5% |
As of the latest ACS Survey released in 2023, Electra, TX is a predominantly white area, with 73.2% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Electra, TX is hispanic, making up 18.4% of the population. Foreign-born residents account for 1.2% of the population in Electra, TX, and this percentage has increased by 50.0% 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 | 73.2% | -9.5% |
% Black | 3.6% | 71.4% |
% Hispanic | 18.4% | 84.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.2% | 50.0% |
Mortgage and Risk — Electra, TX
According to HUD data as of 2023, there were 25 mortgage originations in Electra, TX, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Electra, TX. Investor activity is low, as 8.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Electra, TX
Electra, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 87 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $212 | $578 | $790 |
| 2 Bedroom | $330 | $650 | $980 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | $870 | $650 | $1,520 |
Affordability — Electra, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $74,000 |
| Median Household Income | $66,000 |