Taft, TX—78390
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Taft, TX
As of Oct '25, the median home price in Taft, TX is $139,000, with a year-over-year change of -10.7%. This indicates that home prices in Taft, 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 | $139,000 | -10.7% |
| Single Family | $138,000 | -9.2% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Taft, TX
As of July '25, Rentcast reports the average rent in Taft, TX is $1,010, with a year-over-year rent change of -27.9%. Per bedroom, the median rent as of July '25 in Taft, TX is 2-bedrooms: $991, 3-bedrooms: $1,040. The most common rental property sizes in Taft, TX are 3-bedroom and 2-bedroom, accounting for 40.6% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,030 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $991 |
| 3 Bed Rent | $1,040 | $1,040 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Taft, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Taft, TX is 75. This is a increase of 19.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | 6.0% |
Listing Count | 24 | 49.0% |
| Listings as % of Homes | 1.2% | 49.0% |
Days on Market | 75 | 19.0% |
Demographics — Taft, TX
As of the latest ACS Survey released in 2023, Taft, TX has a population of 5,620, which has increased by 3.8% over the past 5 years. Taft, TX is a popular place for families, as children make up 31.2% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,620 | 3.8% |
% Under 18 | 31.2% | 24.3% |
% Seniors | 14.9% | -3.2% |
% WFH | 8.6% | 405.9% |
% w/ College Degree | 12.8% | 50.6% |
As of the latest ACS Survey released in 2023, Taft, TX is a predominantly hispanic area, with 78.1% of the population identifying as hispanic. The hispanic population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Taft, TX is white, making up 20.6% of the population. Foreign-born residents account for 2.6% of the population in Taft, TX, and this percentage has decreased by 40.9% 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 | 20.6% | -1.9% |
% Black | 0.8% | 0.0% |
% Hispanic | 78.1% | 1.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.6% | -40.9% |
Mortgage and Risk — Taft, TX
According to HUD data as of 2023, there were 42 mortgage originations in Taft, TX, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Taft, TX. Investor activity is low, as 2.0% 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 | 42 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Taft, TX
Taft, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 116 |
Total Units Section 8 | 116 |
% Rentals under Section 8 | 19.7% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,140 |
| 2 Bedroom | $450 | $950 | $1,400 |
| 3 Bedroom | $790 | $1,040 | $1,830 |
| 4 Bedroom | N/A | N/A | $2,140 |
Affordability — Taft, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $139,000 |
| Median Household Income | $71,900 |