Devine, TX—78016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Devine, TX
As of Oct '25, the median home price in Devine, TX is $242,000, with a year-over-year change of -1.7%. This indicates that home prices in Devine, TX are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | -1.7% |
| Single Family | $243,000 | -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 | $173,000 | -1.7% |
3 Bed | $261,000 | -0.4% |
4 Bed | $352,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Devine, TX
As of July '25, Rentcast reports the average rent in Devine, TX is $1,390, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Devine, TX is 1-bedrooms: $428, 2-bedrooms: $1,220, 3-bedrooms: $1,850, 4-bedrooms: $1,800. The most common rental property sizes in Devine, TX are 1-bedroom and 2-bedroom, accounting for 37.6% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $428 | $428 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $1,200 | $1,850 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Devine, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Devine, TX is 78. This is a increase of 24.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -2.0% |
Listing Count | 63 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 78 | 24.0% |
Demographics — Devine, TX
As of the latest ACS Survey released in 2023, Devine, TX has a population of 11,300, which has increased by 12.7% over the past 5 years. Devine, 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 21.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 12.7% |
% Under 18 | 23.2% | -6.8% |
% Seniors | 18.9% | 13.2% |
% WFH | 15.9% | 238.3% |
% w/ College Degree | 21.4% | 43.6% |
As of the latest ACS Survey released in 2023, Devine, TX is a predominantly hispanic area, with 53.5% of the population identifying as hispanic. The hispanic population has grown by 7.6% in the last 5 years. The second most common race or ethnicity in Devine, TX is white, making up 43.5% of the population. Foreign-born residents account for 3.5% of the population in Devine, TX, and this percentage has decreased by 5.4% 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 | 43.5% | -11.9% |
% Black | 2.2% | 2,100.0% |
% Hispanic | 53.5% | 7.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.5% | -5.4% |
Mortgage and Risk — Devine, TX
According to HUD data as of 2023, there were 192 mortgage originations in Devine, TX, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Devine, TX. Investor activity is low, as 2.0% 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 | 192 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Devine, TX
As of 2024, the percent of homes in Devine, TX under the Section 8 program is 5.5%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Devine, TX, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 117 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $422 | $428 | $850 |
| 2 Bedroom | -$170 | $1,200 | $1,030 |
| 3 Bedroom | $170 | $1,200 | $1,370 |
| 4 Bedroom | -$190 | $1,800 | $1,610 |
Affordability — Devine, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $242,000 |
| Median Household Income | $57,600 |