Panhandle, TX—79068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Panhandle, TX
As of Oct '25, the median home price in Panhandle, TX is $196,000, with a year-over-year change of -0.0%. This indicates that home prices in Panhandle, TX are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | -0.0% |
| Single Family | $196,000 | 0.5% |
| 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 | $207,000 | -1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Panhandle, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Panhandle, TX is 42. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | 19.0% |
Listing Count | 18 | 55.0% |
| Listings as % of Homes | 0.5% | 55.0% |
Days on Market | 42 | 1.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Panhandle, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $196,000 |
| Median Household Income | $86,600 |