Killeen, TX—76541
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Killeen, TX
As of Oct '25, the median home price in Killeen, TX is $118,000, with a year-over-year change of -7.4%. This indicates that home prices in Killeen, TX are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $118,000 | -7.4% |
| Single Family | $118,000 | -7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $81,000 | 3.8% |
2 Bed | $93,000 | -6.1% |
3 Bed | $130,000 | -4.4% |
4 Bed | $167,000 | -3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Killeen, TX
As of July '25, Rentcast reports the average rent in Killeen, TX is $880, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Killeen, TX is studios: $525, 1-bedrooms: $633, 2-bedrooms: $839, 3-bedrooms: $1,200, 4-bedrooms: $1,480. The most common rental property sizes in Killeen, TX are 2-bedroom and 1-bedroom, accounting for 36.1% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $880 |
| Studio Rent | $525 | $525 |
| 1 Bed Rent | $610 | $633 |
| 2 Bed Rent | $825 | $839 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | $1,370 | $1,480 |
% of Rental Stock
Property Listings — Killeen, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Killeen, TX is 88. This is a increase of 33.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 7.0% |
Listing Count | 79 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 88 | 33.0% |
Demographics — Killeen, TX
As of the latest ACS Survey released in 2023, Killeen, TX has a population of 18,600, which has increased by 2.0% over the past 5 years. Killeen, TX is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 2.0% |
% Under 18 | 24.7% | 0.0% |
% Seniors | 12.9% | 33.0% |
% WFH | 5.3% | 32.5% |
% w/ College Degree | 11.8% | 38.8% |
As of the latest ACS Survey released in 2023, Killeen, TX is a predominantly hispanic area, with 32.4% of the population identifying as hispanic. The hispanic population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Killeen, TX is white, making up 30.7% of the population. Foreign-born residents account for 14.1% of the population in Killeen, TX, and this percentage has increased by 13.7% 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 | 30.7% | -15.0% |
% Black | 29.9% | 4.9% |
% Hispanic | 32.4% | 7.3% |
% Asian | 2.9% | 26.1% |
% Foreign Born | 14.1% | 13.7% |
Mortgage and Risk — Killeen, TX
According to HUD data as of 2023, there were 192 mortgage originations in Killeen, TX, of which 35.0% of loans were conventional mortgages. The average loan-to-value was 89.0%, with 68.0% above 90% LTV (very high). This implies large mortgage risk in Killeen, TX. Investor activity is low, as 8.0% 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 | 192 |
% Conventional Loans | 35.0% |
% Government Loans | 65.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Killeen, TX
As of 2024, the percent of homes in Killeen, TX under the Section 8 program is 6.9%. 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 Killeen, 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 | 487 |
Total Units Section 8 | 487 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 64.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $610 | $820 |
| 2 Bedroom | $205 | $825 | $1,030 |
| 3 Bedroom | $240 | $1,200 | $1,440 |
| 4 Bedroom | $370 | $1,370 | $1,740 |
Affordability — Killeen, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $118,000 |
| Median Household Income | $36,700 |