Bandera, TX 78003 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bandera, TX—78003

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

2.3% YoY Growth

Household Income

$54,500

0.8% YoY Growth

Days on Market

135

3.0% Longer YoY

Home Price Forecast

-0.3%

Median Rent

$1,350

3.9% YoY Growth

1-Bed Rent

$850

0.5% YoY Growth

2-Bed Rent

$1,200

11.7% YoY Growth

3-Bed Rent

$1,700

12.9% YoY Growth

Home Price Trends — Bandera, TX

As of Dec '25, the median home price in Bandera, TX is $330,000, with a year-over-year change of -2.3%. This indicates that home prices in Bandera, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$330,000	-2.3%
Single Family	$331,000	-2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bandera, TX

As of July '25, Rentcast reports the average rent in Bandera, TX is $1,490, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Bandera, TX is studios: $650, 1-bedrooms: $942, 2-bedrooms: $1,280, 3-bedrooms: $1,920, 4-bedrooms: $2,230. The most common rental property sizes in Bandera, TX are 2-bedroom and 3-bedroom, accounting for 50.3% and 30.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,490
Studio Rent	$700	$650
1 Bed Rent	$850	$942
2 Bed Rent	$1,200	$1,280
3 Bed Rent	$1,700	$1,920
4 Bed Rent	$1,880	$2,230

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% of Rental Stock

Studio

2.7%

1 Bedroom

12.0%

2 Bedrooms

50.3%

3 Bedrooms

30.3%

4 Bedrooms

4.6%

Property Listings — Bandera, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Bandera, TX is 117. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$450,000	0.0%
Listing Count	127	23.0%
Listings as % of Homes	1.5%	23.0%
Days on Market	135	3.0%

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Demographics — Bandera, TX

As of the latest ACS Survey released in 2023, Bandera, TX has a population of 9,590, which has remained stable by 0.6% over the past 5 years. Bandera, 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 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,590	0.6%
% Under 18	23.8%	53.5%
% Seniors	28.9%	2.8%
% WFH	5.8%	-20.5%
% w/ College Degree	23.7%	6.8%

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As of the latest ACS Survey released in 2023, Bandera, TX is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Bandera, TX is hispanic, making up 21.5% of the population. Foreign-born residents account for 3.9% of the population in Bandera, TX, and this percentage has decreased by 38.1% 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	73.5%	-6.2%
% Black	0.9%	80.0%
% Hispanic	21.5%	10.8%
% Asian	0.3%	50.0%
% Foreign Born	3.9%	-38.1%

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Mortgage and Risk — Bandera, TX

According to HUD data as of 2023, there were 192 mortgage originations in Bandera, TX, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Bandera, TX. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	192
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	3.0%
% Second Loans	6.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Bandera, TX

As of 2024, the percent of homes in Bandera, TX under the Section 8 program is 0.3%. 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 Bandera, 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	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$120	$850	$970
2 Bedroom	-$10	$1,200	$1,190
3 Bedroom	-$180	$1,700	$1,520
4 Bedroom	-$120	$1,880	$1,760

Bandera, TX—78003

Key Metrics at a Glance

Home Price Trends — Bandera, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bandera, TX

% of Rental Stock

Property Listings — Bandera, TX

Demographics — Bandera, TX

Race and Ethnicity

Mortgage and Risk — Bandera, TX

Mortgages

Rentals and Section 8 — Bandera, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Bandera, TX

Home Price to Income Ratio

Bandera, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Pipe Creek, TX

Center Point, TX

Tarpley, TX

Mico, TX

Medina, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.3
Median Home Price	$330,000
Median Household Income	$54,500

Bandera, TX—78003

Key Metrics at a Glance

Home Price Trends — Bandera, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bandera, TX

% of Rental Stock

Property Listings — Bandera, TX

Demographics — Bandera, TX

Race and Ethnicity

Mortgage and Risk — Bandera, TX

Mortgages

Rentals and Section 8 — Bandera, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Bandera, TX

Home Price to Income Ratio

Bandera, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Pipe Creek, TX

Center Point, TX

Tarpley, TX

Mico, TX

Medina, TX

Frequently Asked Questions

What is the average home price in Bandera, TX 78003?

How have home prices in Bandera, TX 78003 changed over the past year?

What is the home price projection for Bandera, TX 78003?

What are the demographics of Bandera, TX 78003?

How long does it take homes to sell in Bandera, TX 78003?

What is the average rent price in Bandera, TX 78003?