Elm Mott, TX—76640
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elm Mott, TX
As of Oct '25, the median home price in Elm Mott, TX is $210,000, with a year-over-year change of -2.7%. This indicates that home prices in Elm Mott, 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 | $210,000 | -2.7% |
| Single Family | $210,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $120,000 | -5.5% |
3 Bed | $253,000 | -1.2% |
4 Bed | $423,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elm Mott, TX
As of July '25, Rentcast reports the average rent in Elm Mott, TX is $1,420, with a year-over-year rent change of 22.4%. Per bedroom, the median rent as of July '25 in Elm Mott, TX is 3-bedrooms: $1,420. The most common rental property sizes in Elm Mott, TX are 3-bedroom and 2-bedroom, accounting for 63.1% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,300 | $1,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elm Mott, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Elm Mott, TX is 118. This is a decrease of -7.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | -8.0% |
Listing Count | 16 | 104.0% |
| Listings as % of Homes | 0.9% | 104.0% |
Days on Market | 118 | -7.0% |
Demographics — Elm Mott, TX
As of the latest ACS Survey released in 2023, Elm Mott, TX has a population of 2,960, which has decreased by -6.3% over the past 5 years. Elm Mott, TX is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,960 | -6.3% |
% Under 18 | 27.0% | 10.7% |
% Seniors | 17.1% | -8.6% |
% WFH | 4.2% | -16.0% |
% w/ College Degree | 17.0% | 12.6% |
As of the latest ACS Survey released in 2023, Elm Mott, TX is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Elm Mott, TX is hispanic, making up 15.9% of the population. Foreign-born residents account for 5.1% of the population in Elm Mott, TX, and this percentage has decreased by 5.6% 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 | 83.1% | -0.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 15.9% | 84.9% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 5.1% | -5.6% |
Mortgage and Risk — Elm Mott, TX
According to HUD data as of 2023, there were 21 mortgage originations in Elm Mott, TX, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Elm Mott, TX. Investor activity is low, as 10.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Elm Mott, TX
Elm Mott, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | $260 | $1,300 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Elm Mott, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $210,000 |
| Median Household Income | $61,500 |