Plainview, TX—79072
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainview, TX
As of Oct '25, the median home price in Plainview, TX is $117,000, with a year-over-year change of -5.9%. This indicates that home prices in Plainview, TX are decreasing. According to Zillow, the 1-year price projection is -4.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $117,000 | -5.9% |
| Single Family | $117,000 | -4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | -3.4% |
3 Bed | $157,000 | 1.9% |
4 Bed | $209,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Plainview, TX
As of July '25, Rentcast reports the average rent in Plainview, TX is $875, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Plainview, TX is 1-bedrooms: $872, 2-bedrooms: $845, 3-bedrooms: $1,010. The most common rental property sizes in Plainview, TX are 2-bedroom and 3-bedroom, accounting for 42.4% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $810 | $875 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $872 |
| 2 Bed Rent | $810 | $845 |
| 3 Bed Rent | $999 | $1,010 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Plainview, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainview, TX is 73. This is a increase of 17.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $184,000 | -6.0% |
Listing Count | 108 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 73 | 17.0% |
Demographics — Plainview, TX
As of the latest ACS Survey released in 2023, Plainview, TX has a population of 25,600, which has decreased by -4.8% over the past 5 years. Plainview, TX is a popular place for families, as children make up 27.5% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | -4.8% |
% Under 18 | 27.5% | 1.9% |
% Seniors | 13.3% | 6.4% |
% WFH | 2.7% | 8.0% |
% w/ College Degree | 14.7% | -11.4% |
As of the latest ACS Survey released in 2023, Plainview, TX is a predominantly hispanic area, with 63.3% of the population identifying as hispanic. The hispanic population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in Plainview, TX is white, making up 28.6% of the population. Foreign-born residents account for 11.0% of the population in Plainview, TX, and this percentage has increased by 0.9% 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 | 28.6% | -10.9% |
% Black | 4.5% | -23.7% |
% Hispanic | 63.3% | 5.3% |
% Asian | 0.8% | 166.7% |
% Foreign Born | 11.0% | 0.9% |
Mortgage and Risk — Plainview, TX
According to HUD data as of 2023, there were 167 mortgage originations in Plainview, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Plainview, 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 | 167 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Plainview, TX
Plainview, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 461 |
Total Units Section 8 | 461 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 69.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $700 | $850 |
| 2 Bedroom | $130 | $810 | $940 |
| 3 Bedroom | $251 | $999 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Plainview, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $117,000 |
| Median Household Income | $50,800 |