Penitas, TX—78576
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penitas, TX
As of Oct '25, the median home price in Penitas, TX is $156,000, with a year-over-year change of 1.5%. This indicates that home prices in Penitas, TX are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 1.5% |
| Single Family | $156,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $106,000 | 1.9% |
2 Bed | $125,000 | 3.3% |
3 Bed | $184,000 | 1.7% |
4 Bed | $276,000 | -0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Penitas, TX
As of July '25, Rentcast reports the average rent in Penitas, TX is $1,520, with a year-over-year rent change of 29.9%. Per bedroom, the median rent as of July '25 in Penitas, TX is 2-bedrooms: $698, 3-bedrooms: $1,450, 4-bedrooms: $2,500. The most common rental property sizes in Penitas, TX are 2-bedroom and 3-bedroom, accounting for 51.4% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $698 | $698 |
| 3 Bed Rent | $1,200 | $1,450 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Penitas, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Penitas, TX is 82. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | 2.0% |
Listing Count | 23 | -27.0% |
| Listings as % of Homes | 0.3% | -27.0% |
Days on Market | 82 | -25.0% |
Demographics — Penitas, TX
As of the latest ACS Survey released in 2023, Penitas, TX has a population of 13,900, which has increased by 26.7% over the past 5 years. Penitas, TX is a popular place for families, as children make up 42.8% of the population. The area has a poorly educated workforce, with 6.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | 26.7% |
% Under 18 | 42.8% | -6.3% |
% Seniors | 4.1% | -41.4% |
% WFH | 6.6% | -27.5% |
% w/ College Degree | 6.0% | 17.6% |
As of the latest ACS Survey released in 2023, Penitas, TX is a predominantly hispanic area, with 99.2% of the population identifying as hispanic. The hispanic population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Penitas, TX is white, making up 0.8% of the population. Foreign-born residents account for 31.2% of the population in Penitas, TX, and this percentage has increased by 5.4% 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 | 0.8% | -60.0% |
% Black | 0.2% | ∞% |
% Hispanic | 99.2% | 1.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 31.2% | 5.4% |
Mortgage and Risk — Penitas, TX
According to HUD data as of 2023, there were 56 mortgage originations in Penitas, TX, of which 73.0% 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 Penitas, TX. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Penitas, TX
Penitas, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | $232 | $698 | $930 |
| 3 Bedroom | $10 | $1,200 | $1,210 |
| 4 Bedroom | -$1,150 | $2,500 | $1,350 |
Affordability — Penitas, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $156,000 |
| Median Household Income | $48,200 |