Mico, TX—78056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mico, TX
As of Oct '25, the median home price in Mico, TX is $556,000, with a year-over-year change of 0.8%. This indicates that home prices in Mico, TX are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $556,000 | 0.8% |
| Single Family | $556,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $579,000 | 0.3% |
4 Bed | $688,000 | -0.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mico, TX
As of July '25, Rentcast reports the average rent in Mico, TX is $2,720, with a year-over-year rent change of 43.2%. Per bedroom, the median rent as of July '25 in Mico, TX is 4-bedrooms: $2,720. The most common rental property sizes in Mico, TX are 1-bedroom and 2-bedroom, accounting for 77.0% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,720 |
% of Rental Stock
Property Listings — Mico, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Mico, TX is 134. This is a increase of 63.0% 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 | $736,000 | -3.0% |
Listing Count | 32 | 25.0% |
| Listings as % of Homes | 1.7% | 25.0% |
Days on Market | 134 | 63.0% |
Demographics — Mico, TX
As of the latest ACS Survey released in 2023, Mico, TX has a population of 2,430, which has increased by 25.6% over the past 5 years. Mico, TX is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,430 | 25.6% |
% Under 18 | 20.0% | -2.4% |
% Seniors | 14.6% | -31.1% |
% WFH | 21.7% | 189.3% |
% w/ College Degree | 36.7% | -28.6% |
As of the latest ACS Survey released in 2023, Mico, TX is a predominantly white area, with 66.1% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Mico, TX is hispanic, making up 26.9% of the population. Foreign-born residents account for 7.6% of the population in Mico, TX, and this percentage has increased by 406.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.1% | -8.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 26.9% | 68.1% |
% Asian | 2.5% | 212.5% |
% Foreign Born | 7.6% | 406.7% |
Mortgage and Risk — Mico, TX
According to HUD data as of 2023, there were 121 mortgage originations in Mico, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mico, TX. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Mico, TX
Mico, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,210 |
| 2 Bedroom | N/A | N/A | $1,500 |
| 3 Bedroom | N/A | N/A | $1,920 |
| 4 Bedroom | -$330 | $2,500 | $2,170 |
Affordability — Mico, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $556,000 |
| Median Household Income | $122,000 |