Padre Island, Corpus Christi, TX—78415
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Padre Island, Corpus Christi, TX
As of Oct '25, the median home price in Padre Island, Corpus Christi, TX is $165,000, with a year-over-year change of -8.4%. This indicates that home prices in Padre Island, Corpus Christi, TX are decreasing. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $165,000 | -8.4% |
| Single Family | $165,000 | -7.8% |
| 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 | $194,000 | -4.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Padre Island, Corpus Christi, TX
As of July '25, Rentcast reports the average rent in Padre Island, Corpus Christi, TX is $1,670, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Padre Island, Corpus Christi, TX is studios: $792, 1-bedrooms: $875, 2-bedrooms: $1,140, 3-bedrooms: $1,780, 4-bedrooms: $2,260. The most common rental property sizes in Padre Island, Corpus Christi, TX are 2-bedroom and 3-bedroom, accounting for 42.4% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,670 |
| Studio Rent | $660 | $792 |
| 1 Bed Rent | $800 | $875 |
| 2 Bed Rent | $1,200 | $1,140 |
| 3 Bed Rent | $1,750 | $1,780 |
| 4 Bed Rent | $2,250 | $2,260 |
% of Rental Stock
Property Listings — Padre Island, Corpus Christi, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Padre Island, Corpus Christi, TX is 64. This is a increase of 31.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | 8.0% |
Listing Count | 230 | 31.0% |
| Listings as % of Homes | 0.8% | 31.0% |
Days on Market | 64 | 31.0% |
Demographics — Padre Island, Corpus Christi, TX
As of the latest ACS Survey released in 2023, Padre Island, Corpus Christi, TX has a population of 41,900, which has increased by 3.5% over the past 5 years. Padre Island, Corpus Christi, TX is a popular place for families, as children make up 30.7% of the population. The area has a poorly educated workforce, with 11.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,900 | 3.5% |
% Under 18 | 30.7% | 18.5% |
% Seniors | 14.1% | 11.0% |
% WFH | 4.3% | 87.0% |
% w/ College Degree | 11.5% | 10.6% |
As of the latest ACS Survey released in 2023, Padre Island, Corpus Christi, TX is a predominantly hispanic area, with 83.3% of the population identifying as hispanic. The hispanic population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Padre Island, Corpus Christi, TX is white, making up 11.7% of the population. Foreign-born residents account for 9.0% of the population in Padre Island, Corpus Christi, TX, and this percentage has increased by 3.4% 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 | 11.7% | -16.4% |
% Black | 3.3% | -15.4% |
% Hispanic | 83.3% | 2.0% |
% Asian | 1.1% | 266.7% |
% Foreign Born | 9.0% | 3.4% |
Mortgage and Risk — Padre Island, Corpus Christi, TX
According to HUD data as of 2023, there were 580 mortgage originations in Padre Island, Corpus Christi, TX, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Padre Island, Corpus Christi, TX. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 580 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Padre Island, Corpus Christi, TX
As of 2024, the percent of homes in Padre Island, Corpus Christi, TX under the Section 8 program is 22.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Padre Island, Corpus Christi, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,368 |
Total Units Section 8 | 1,368 |
% Rentals under Section 8 | 22.3% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $800 | $1,120 |
| 2 Bedroom | $180 | $1,200 | $1,380 |
| 3 Bedroom | $50 | $1,750 | $1,800 |
| 4 Bedroom | -$150 | $2,250 | $2,100 |
Affordability — Padre Island, Corpus Christi, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $165,000 |
| Median Household Income | $53,800 |