Wallis, TX 77485 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wallis, TX—77485

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$328,000

0.1% YoY Growth

Household Income

$45,700

14.3% YoY Growth

Days on Market

41.0% Longer YoY

Home Price Forecast

0.9%

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 — Wallis, TX

As of Dec '25, the median home price in Wallis, TX is $328,000, 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 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$328,000	0.1%
Single Family	$328,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,480
Studio Rent	N/A	N/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 Dec '25, Realtor.com reports that the median days on market for a home in Wallis, TX is 48. This is a increase of 50.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$295,000	-12.0%
Listing Count	16	23.0%
Listings as % of Homes	0.5%	23.0%
Days on Market	60	41.0%

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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.

Metric	Latest Census	YoY % 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Wallis, TX—77485

Key Metrics at a Glance

Home Price Trends — Wallis, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wallis, TX

% of Rental Stock

Property Listings — Wallis, TX

Demographics — Wallis, TX

Race and Ethnicity

Mortgage and Risk — Wallis, TX

Mortgages

Rentals and Section 8 — Wallis, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Wallis, TX

Home Price to Income Ratio

Wallis, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Simonton

Orchard

East Bernard, TX

Fulshear, TX

Pattison

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.1
Median Home Price	$328,000
Median Household Income	$45,700

Wallis, TX—77485

Key Metrics at a Glance

Home Price Trends — Wallis, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wallis, TX

% of Rental Stock

Property Listings — Wallis, TX

Demographics — Wallis, TX

Race and Ethnicity

Mortgage and Risk — Wallis, TX

Mortgages

Rentals and Section 8 — Wallis, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Wallis, TX

Home Price to Income Ratio

Wallis, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Simonton

Orchard

East Bernard, TX

Fulshear, TX

Pattison

Frequently Asked Questions

What is the average home price in Wallis, TX 77485?

How have home prices in Wallis, TX 77485 changed over the past year?

What is the home price projection for Wallis, TX 77485?

What are the demographics of Wallis, TX 77485?

How long does it take homes to sell in Wallis, TX 77485?

What is the average rent price in Wallis, TX 77485?