Galveston, TX—77550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galveston, TX
As of Oct '25, the median home price in Galveston, TX is $288,000, with a year-over-year change of -8.4%. This indicates that home prices in Galveston, TX are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | -8.4% |
| Single Family | $282,000 | -8.7% |
| Condos | $381,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $210,000 | -11.4% |
2 Bed | $270,000 | -9.7% |
3 Bed | $343,000 | -8.5% |
4 Bed | $438,000 | -8.8% |
| 5 Bed | $556,000 | -9.0% |
% of Housing Stock
Rental Trends — Galveston, TX
As of July '25, Rentcast reports the average rent in Galveston, TX is $1,740, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Galveston, TX is studios: $1,000, 1-bedrooms: $1,260, 2-bedrooms: $1,730, 3-bedrooms: $2,120, 4-bedrooms: $3,280. The most common rental property sizes in Galveston, TX are 2-bedroom and 1-bedroom, accounting for 37.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,740 |
| Studio Rent | $900 | $1,000 |
| 1 Bed Rent | $1,180 | $1,260 |
| 2 Bed Rent | $1,580 | $1,730 |
| 3 Bed Rent | $1,950 | $2,120 |
| 4 Bed Rent | $2,800 | $3,280 |
% of Rental Stock
Property Listings — Galveston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Galveston, TX is 88. This is a increase of 23.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | -1.0% |
Listing Count | 403 | 7.0% |
| Listings as % of Homes | 1.2% | 7.0% |
Days on Market | 88 | 23.0% |
Demographics — Galveston, TX
As of the latest ACS Survey released in 2023, Galveston, TX has a population of 23,500, which has increased by 9.8% over the past 5 years. Galveston, TX is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 9.8% |
% Under 18 | 15.6% | 0.6% |
% Seniors | 19.6% | 15.3% |
% WFH | 11.0% | 71.9% |
% w/ College Degree | 32.9% | 5.4% |
As of the latest ACS Survey released in 2023, Galveston, TX is a predominantly white area, with 46.0% of the population identifying as white. The white population has grown by 5.5% in the last 5 years. The second most common race or ethnicity in Galveston, TX is hispanic, making up 29.8% of the population. Foreign-born residents account for 10.9% of the population in Galveston, TX, and this percentage has decreased by 20.4% 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 | 46.0% | 5.5% |
% Black | 18.8% | -17.5% |
% Hispanic | 29.8% | 9.2% |
% Asian | 3.5% | -20.5% |
% Foreign Born | 10.9% | -20.4% |
Mortgage and Risk — Galveston, TX
According to HUD data as of 2023, there were 292 mortgage originations in Galveston, TX, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Galveston, TX. Investor activity is low, as 15.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 292 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 15.0% |
% Second Loans | 23.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Galveston, TX
As of 2024, the percent of homes in Galveston, TX under the Section 8 program is 16.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Galveston, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,267 |
Total Units Section 8 | 989 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,180 | $1,110 |
| 2 Bedroom | -$250 | $1,580 | $1,330 |
| 3 Bedroom | -$180 | $1,950 | $1,770 |
| 4 Bedroom | -$570 | $2,800 | $2,230 |
Affordability — Galveston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $288,000 |
| Median Household Income | $46,300 |