Lorena, TX 76655 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lorena, TX—76655

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$347,000

0.9% YoY Growth

Household Income

$106,000

10.7% YoY Growth

Days on Market

73.0% Longer YoY

Home Price Forecast

-0.8%

Median Rent

$2,250

8.5% YoY Growth

1-Bed Rent

$1,250

0.0% YoY Growth

2-Bed Rent

$1,650

9.7% YoY Growth

3-Bed Rent

$2,250

24.0% YoY Growth

Home Price Trends — Lorena, TX

As of May '26, the median home price in Lorena, TX is $347,000, with a year-over-year change of -0.9%. This indicates that home prices in Lorena, TX are flat. 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	$347,000	-0.9%
Single Family	$347,000	-1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lorena, TX

As of July '25, Rentcast reports the average rent in Lorena, TX is $2,180, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Lorena, TX is studios: $2,000, 1-bedrooms: $1,250, 2-bedrooms: $1,700, 3-bedrooms: $2,120, 4-bedrooms: $2,440. The most common rental property sizes in Lorena, TX are 3-bedroom and 2-bedroom, accounting for 39.0% and 36.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,250	$2,180
Studio Rent	$2,000	$2,000
1 Bed Rent	$1,250	$1,250
2 Bed Rent	$1,650	$1,700
3 Bed Rent	$2,250	$2,120
4 Bed Rent	$2,400	$2,440

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% of Rental Stock

Studio

0.5%

1 Bedroom

12.0%

2 Bedrooms

36.1%

3 Bedrooms

39.0%

4 Bedrooms

12.3%

Property Listings — Lorena, TX

As of May '26, Realtor.com reports that the median days on market for a home in Lorena, TX is 53. This is a increase of 73.0% 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 4.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$399,000	-1.0%
Listing Count	94	-7.0%
Listings as % of Homes	1.8%	-7.0%
Days on Market	53	73.0%

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Demographics — Lorena, TX

As of the latest ACS Survey released in 2023, Lorena, TX has a population of 9,570, which has increased by 10.6% over the past 5 years. Lorena, TX is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,570	10.6%
% Under 18	25.4%	3.3%
% Seniors	14.1%	-9.0%
% WFH	8.6%	75.5%
% w/ College Degree	37.6%	25.3%

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As of the latest ACS Survey released in 2023, Lorena, TX is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Lorena, TX is hispanic, making up 16.9% of the population. Foreign-born residents account for 1.9% of the population in Lorena, TX, and this percentage has decreased by 26.9% 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	75.9%	-10.2%
% Black	2.8%	-22.2%
% Hispanic	16.9%	77.9%
% Asian	0.3%	-72.7%
% Foreign Born	1.9%	-26.9%

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Mortgage and Risk — Lorena, TX

According to HUD data as of 2023, there were 124 mortgage originations in Lorena, TX, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Lorena, TX. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	124
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Lorena, TX

As of 2024, the percent of homes in Lorena, TX under the Section 8 program is 1.2%. 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 Lorena, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	1.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$90	$1,250	$1,340
2 Bedroom	$20	$1,650	$1,670
3 Bedroom	-$80	$2,250	$2,170
4 Bedroom	-$140	$2,400	$2,260

Lorena, TX—76655

Key Metrics at a Glance

Home Price Trends — Lorena, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lorena, TX

% of Rental Stock

Property Listings — Lorena, TX

Demographics — Lorena, TX

Race and Ethnicity

Mortgage and Risk — Lorena, TX

Mortgages

Rentals and Section 8 — Lorena, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Lorena, TX

Home Price to Income Ratio

Lorena, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Hewitt, TX

Bruceville, TX

Waco, TX

Waco, TX

Eddy, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$347,000
Median Household Income	$106,000

Lorena, TX—76655

Key Metrics at a Glance

Home Price Trends — Lorena, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lorena, TX

% of Rental Stock

Property Listings — Lorena, TX

Demographics — Lorena, TX

Race and Ethnicity

Mortgage and Risk — Lorena, TX

Mortgages

Rentals and Section 8 — Lorena, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Lorena, TX

Home Price to Income Ratio

Lorena, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Hewitt, TX

Bruceville, TX

Waco, TX

Waco, TX

Eddy, TX

Frequently Asked Questions

What is the average home price in Lorena, TX 76655?

How have home prices in Lorena, TX 76655 changed over the past year?

What is the home price projection for Lorena, TX 76655?

What are the demographics of Lorena, TX 76655?

How long does it take homes to sell in Lorena, TX 76655?

What is the average rent price in Lorena, TX 76655?