Mercedes, TX—78570
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mercedes, TX
As of Oct '25, the median home price in Mercedes, TX is $130,000, with a year-over-year change of -3.5%. This indicates that home prices in Mercedes, TX are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $130,000 | -3.5% |
| Single Family | $130,000 | -3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $75,000 | -5.1% |
2 Bed | $89,000 | -6.3% |
3 Bed | $153,000 | -2.5% |
4 Bed | $221,000 | -0.9% |
| 5 Bed | $316,000 | 1.3% |
% of Housing Stock
Rental Trends — Mercedes, TX
As of July '25, Rentcast reports the average rent in Mercedes, TX is $1,320, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Mercedes, TX is 1-bedrooms: $642, 2-bedrooms: $960, 3-bedrooms: $1,520, 4-bedrooms: $1,770. The most common rental property sizes in Mercedes, TX are 2-bedroom and 3-bedroom, accounting for 40.7% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $642 |
| 2 Bed Rent | $990 | $960 |
| 3 Bed Rent | $1,700 | $1,520 |
| 4 Bed Rent | $1,800 | $1,770 |
% of Rental Stock
Property Listings — Mercedes, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Mercedes, TX is 79. 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | -6.0% |
Listing Count | 111 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 79 | 24.0% |
Demographics — Mercedes, TX
As of the latest ACS Survey released in 2023, Mercedes, TX has a population of 33,600, which has decreased by -2.9% over the past 5 years. Mercedes, TX is a popular place for families, as children make up 34.3% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,600 | -2.9% |
% Under 18 | 34.3% | -3.7% |
% Seniors | 11.5% | 3.6% |
% WFH | 11.1% | 27.6% |
% w/ College Degree | 11.7% | 5.4% |
As of the latest ACS Survey released in 2023, Mercedes, TX is a predominantly hispanic area, with 95.6% of the population identifying as hispanic. The hispanic population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Mercedes, TX is white, making up 4.2% of the population. Foreign-born residents account for 20.2% of the population in Mercedes, TX, and this percentage has increased by 2.5% 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 | 4.2% | 10.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 95.6% | -0.6% |
% Asian | 0.1% | ∞% |
% Foreign Born | 20.2% | 2.5% |
Mortgage and Risk — Mercedes, TX
According to HUD data as of 2023, there were 146 mortgage originations in Mercedes, TX, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 57.0% above 90% LTV (very high). This implies large mortgage risk in Mercedes, TX. Investor activity is low, as 8.0% 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 | 146 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Mercedes, TX
As of 2024, the percent of homes in Mercedes, TX under the Section 8 program is 25.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Mercedes, 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 | 865 |
Total Units Section 8 | 597 |
% Rentals under Section 8 | 25.4% |
% Occupied Section 8 | 78.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $650 | $750 |
| 2 Bedroom | -$60 | $990 | $930 |
| 3 Bedroom | -$490 | $1,700 | $1,210 |
| 4 Bedroom | -$450 | $1,800 | $1,350 |
Affordability — Mercedes, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $130,000 |
| Median Household Income | $39,900 |