Bandera, TX—78003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bandera, TX
As of Oct '25, the median home price in Bandera, TX is $330,000, with a year-over-year change of -1.7%. This indicates that home prices in Bandera, 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 | $330,000 | -1.7% |
| Single Family | $330,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -1.2% |
3 Bed | $395,000 | 0.0% |
4 Bed | $503,000 | -1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Bandera, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Bandera, TX is 106. This is a decrease of -2.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | 1.0% |
Listing Count | 138 | 29.0% |
| Listings as % of Homes | 1.5% | 29.0% |
Days on Market | 106 | -2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Bandera, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $330,000 |
| Median Household Income | $54,500 |