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Wallis, TX—77485

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$336,000
0.1% YoY Growth
Household Income
$45,700
14.3% YoY Growth
Days on Market
51
4.0% Longer YoY
Home Price Forecast
-1.4%
Median Rent
$1,600
3.3% YoY Growth
1-Bed Rent
$585
N/A
2-Bed Rent
$1,100
16.1% YoY Growth
3-Bed Rent
$1,780
35.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wallis, TX

As of May '26, the median home price in Wallis, TX is $336,000, with a year-over-year change of 0.1%. This indicates that home prices in Wallis, TX are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$336,0000.1%
Single Family $335,000-0.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$339,0000.9%
    4 Bed
    		$439,0003.3%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    1.6%
    2 Bedrooms
    27.7%
    3 Bedrooms
    58.3%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    4.0%

    Rental Trends — Wallis, TX

    As of July '25, Rentcast reports the average rent in Wallis, TX is $1,480, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Wallis, TX is 1-bedrooms: $585, 2-bedrooms: $1,250, 3-bedrooms: $2,140, 4-bedrooms: $2,200. The most common rental property sizes in Wallis, TX are 2-bedroom and 3-bedroom, accounting for 57.1% and 38.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,480
    Studio Rent N/AN/A
    1 Bed Rent $585$585
    2 Bed Rent $1,100$1,250
    3 Bed Rent $1,780$2,140
    4 Bed Rent $2,200$2,200
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    % of Rental Stock

    1 Bedroom
    0.7%
    2 Bedrooms
    57.1%
    3 Bedrooms
    38.7%
    5+ Bedrooms
    3.5%

    Property Listings — Wallis, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Wallis, TX is 51. This is a increase of 4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$487,00043.0%
    Listing Count
    		16-21.0%
    Listings as % of Homes0.5%-21.0%
    Days on Market
    		514.0%
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    Demographics — Wallis, TX

    As of the latest ACS Survey released in 2023, Wallis, TX has a population of 3,860, which has decreased by -13.6% over the past 5 years. Wallis, TX is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,860-13.6%
    % Under 18
    		23.2%-15.0%
    % Seniors
    		13.7%-22.6%
    % WFH
    		7.8%358.8%
    % w/ College Degree
    		15.3%3.4%
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    As of the latest ACS Survey released in 2023, Wallis, TX is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Wallis, TX is hispanic, making up 29.1% of the population. Foreign-born residents account for 14.5% of the population in Wallis, TX, and this percentage has increased by 85.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		52.2%-10.9%
    % Black
    		9.7%21.2%
    % Hispanic
    		29.1%-6.4%
    % Asian
    		1.2%200.0%
    % Foreign Born
    		14.5%85.9%
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    Mortgage and Risk — Wallis, TX

    According to HUD data as of 2023, there were 30 mortgage originations in Wallis, TX, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Wallis, TX. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		30
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Wallis, TX

    As of 2024, the percent of homes in Wallis, 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 units appear to be good home sizes to consider for Section 8 housing in Wallis, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$225$585$810
    2 Bedroom-$160$1,100$940
    3 Bedroom-$500$1,780$1,280
    4 Bedroom-$650$2,200$1,550

    Affordability — Wallis, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.1
    Median Home Price$336,000
    Median Household Income$45,700

    Wallis, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Simonton

    77476

    Orchard

    77464

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    77435

    Fulshear, TX

    77441

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    Frequently Asked Questions