Salado, TX—76571
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salado, TX
As of Oct '25, the median home price in Salado, TX is $517,000, with a year-over-year change of -2.0%. This indicates that home prices in Salado, TX are decreasing. 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 | $517,000 | -2.0% |
| Single Family | $518,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | -2.8% |
3 Bed | $451,000 | -1.1% |
4 Bed | $554,000 | -3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salado, TX
As of July '25, Rentcast reports the average rent in Salado, TX is $2,580, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Salado, TX is 1-bedrooms: $972, 2-bedrooms: $1,200, 3-bedrooms: $2,590, 4-bedrooms: $3,290. The most common rental property sizes in Salado, TX are 3-bedroom and 2-bedroom, accounting for 58.7% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $972 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $2,400 | $2,590 |
| 4 Bed Rent | $3,000 | $3,290 |
% of Rental Stock
Property Listings — Salado, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Salado, TX is 81. This is a decrease of -9.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $634,000 | 8.0% |
Listing Count | 125 | 11.0% |
| Listings as % of Homes | 2.0% | 11.0% |
Days on Market | 81 | -9.0% |
Demographics — Salado, TX
As of the latest ACS Survey released in 2023, Salado, TX has a population of 9,450, which has increased by 22.2% over the past 5 years. Salado, TX is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 40.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,450 | 22.2% |
% Under 18 | 22.3% | -14.9% |
% Seniors | 24.7% | 28.6% |
% WFH | 12.7% | 7.6% |
% w/ College Degree | 40.8% | -5.8% |
As of the latest ACS Survey released in 2023, Salado, TX is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Salado, TX is hispanic, making up 14.6% of the population. Foreign-born residents account for 6.7% of the population in Salado, TX, and this percentage has increased by 52.3% 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 | 78.9% | -4.1% |
% Black | 2.6% | 36.8% |
% Hispanic | 14.6% | 1.4% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 6.7% | 52.3% |
Mortgage and Risk — Salado, TX
According to HUD data as of 2023, there were 357 mortgage originations in Salado, TX, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Salado, TX. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 357 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Salado, TX
As of 2024, the percent of homes in Salado, TX under the Section 8 program is 0.5%. 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 Salado, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $900 | $1,480 |
| 2 Bedroom | $540 | $1,200 | $1,740 |
| 3 Bedroom | -$170 | $2,400 | $2,230 |
| 4 Bedroom | -$440 | $3,000 | $2,560 |
Affordability — Salado, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $517,000 |
| Median Household Income | $103,000 |