Wharton, TX—77488
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wharton, TX
As of Oct '25, the median home price in Wharton, TX is $201,000, with a year-over-year change of -1.8%. This indicates that home prices in Wharton, TX are decreasing. According to Zillow, the 1-year price projection is -3.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | -1.8% |
| Single Family | $201,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $59,000 | -9.2% |
2 Bed | $109,000 | 0.9% |
3 Bed | $195,000 | 1.0% |
4 Bed | $277,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wharton, TX
As of July '25, Rentcast reports the average rent in Wharton, TX is $1,330, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Wharton, TX is studios: $2,000, 1-bedrooms: $948, 2-bedrooms: $1,130, 3-bedrooms: $1,600, 4-bedrooms: $1,770. The most common rental property sizes in Wharton, TX are 1-bedroom and 3-bedroom, accounting for 40.7% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,330 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $850 | $948 |
| 2 Bed Rent | $1,200 | $1,130 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $1,700 | $1,770 |
% of Rental Stock
Property Listings — Wharton, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Wharton, TX is 63. This is a decrease of -17.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $206,000 | -17.0% |
Listing Count | 71 | 35.0% |
| Listings as % of Homes | 0.9% | 35.0% |
Days on Market | 63 | -17.0% |
Demographics — Wharton, TX
As of the latest ACS Survey released in 2023, Wharton, TX has a population of 14,100, which has decreased by -2.8% over the past 5 years. Wharton, TX is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | -2.8% |
% Under 18 | 23.8% | 5.8% |
% Seniors | 20.0% | 19.0% |
% WFH | 3.8% | 533.3% |
% w/ College Degree | 18.9% | 42.1% |
As of the latest ACS Survey released in 2023, Wharton, TX is a predominantly hispanic area, with 37.6% of the population identifying as hispanic. The hispanic population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Wharton, TX is white, making up 36.1% of the population. Foreign-born residents account for 6.7% of the population in Wharton, TX, and this percentage has decreased by 52.5% 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 | 36.1% | -6.5% |
% Black | 23.8% | -6.3% |
% Hispanic | 37.6% | 4.4% |
% Asian | 1.2% | 300.0% |
% Foreign Born | 6.7% | -52.5% |
Mortgage and Risk — Wharton, TX
According to HUD data as of 2023, there were 90 mortgage originations in Wharton, TX, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Wharton, TX. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Wharton, TX
Wharton, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 206 |
Total Units Section 8 | 206 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $850 | $780 |
| 2 Bedroom | -$200 | $1,200 | $1,000 |
| 3 Bedroom | -$200 | $1,600 | $1,400 |
| 4 Bedroom | -$150 | $1,700 | $1,550 |
Affordability — Wharton, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $201,000 |
| Median Household Income | $58,800 |