Panhandle, TX 79068 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Panhandle, TX—79068

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$193,000

0.4% YoY Growth

Household Income

$86,600

18.1% YoY Growth

Days on Market

35.0% Shorter YoY

Home Price Forecast

1.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Panhandle, TX

As of Dec '25, the median home price in Panhandle, TX is $193,000, with a year-over-year change of 0.4%. This indicates that home prices in Panhandle, TX are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$193,000	0.4%
Single Family	$193,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Panhandle, TX

Panhandle, TX lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
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	N/A	N/A

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% of Rental Stock

1 Bedroom

21.4%

2 Bedrooms

45.9%

3 Bedrooms

27.4%

4 Bedrooms

5.3%

Property Listings — Panhandle, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Panhandle, TX is 53. This is a decrease of -35.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$260,000	3.0%
Listing Count	14	42.0%
Listings as % of Homes	0.5%	42.0%
Days on Market	94	-35.0%

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Demographics — Panhandle, TX

As of the latest ACS Survey released in 2023, Panhandle, TX has a population of 3,120, which has decreased by -8.9% over the past 5 years. Panhandle, TX is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,120	-8.9%
% Under 18	18.6%	-20.9%
% Seniors	23.1%	40.0%
% WFH	6.5%	25.0%
% w/ College Degree	33.7%	-2.3%

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As of the latest ACS Survey released in 2023, Panhandle, TX is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Panhandle, TX is hispanic, making up 12.6% of the population. Foreign-born residents account for 3.2% of the population in Panhandle, TX, and this percentage has increased by 113.3% 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	77.0%	-9.4%
% Black	0.9%	-57.1%
% Hispanic	12.6%	12.5%
% Asian	0.0%	-100.0%
% Foreign Born	3.2%	113.3%

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Mortgage and Risk — Panhandle, TX

According to HUD data as of 2023, there were 59 mortgage originations in Panhandle, TX, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Panhandle, TX. Investor activity is low, as 3.0% 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	59
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Panhandle, TX

Panhandle, TX lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	23
Total Units Section 8	23
% Rentals under Section 8	7.5%
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$940
2 Bedroom	N/A	N/A	$1,140
3 Bedroom	N/A	N/A	$1,570
4 Bedroom	N/A	N/A	$1,820

Panhandle, TX—79068

Key Metrics at a Glance

Home Price Trends — Panhandle, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Panhandle, TX

% of Rental Stock

Property Listings — Panhandle, TX

Demographics — Panhandle, TX

Race and Ethnicity

Mortgage and Risk — Panhandle, TX

Mortgages

Rentals and Section 8 — Panhandle, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Panhandle, TX

Home Price to Income Ratio

Panhandle, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Folsom, TX

Fritch, TX

White Deer, TX

Borger, TX

Groom, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$193,000
Median Household Income	$86,600

Panhandle, TX—79068

Key Metrics at a Glance

Home Price Trends — Panhandle, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Panhandle, TX

% of Rental Stock

Property Listings — Panhandle, TX

Demographics — Panhandle, TX

Race and Ethnicity

Mortgage and Risk — Panhandle, TX

Mortgages

Rentals and Section 8 — Panhandle, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Panhandle, TX

Home Price to Income Ratio

Panhandle, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Folsom, TX

Fritch, TX

White Deer, TX

Borger, TX

Groom, TX

Frequently Asked Questions

What is the average home price in Panhandle, TX 79068?

How have home prices in Panhandle, TX 79068 changed over the past year?

What is the home price projection for Panhandle, TX 79068?

What are the demographics of Panhandle, TX 79068?

How long does it take homes to sell in Panhandle, TX 79068?

What is the average rent price in Panhandle, TX 79068?