Lamesa, TX—79331
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lamesa, TX
As of Oct '25, the median home price in Lamesa, TX is $100,000, with a year-over-year change of -0.4%. This indicates that home prices in Lamesa, TX are flat. 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 | $100,000 | -0.4% |
| Single Family | $100,000 | -1.0% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lamesa, TX
As of July '25, Rentcast reports the average rent in Lamesa, TX is $1,020, with a year-over-year rent change of -6.4%. Per bedroom, the median rent as of July '25 in Lamesa, TX is 1-bedrooms: $569, 3-bedrooms: $1,320, 4-bedrooms: $1,290. The most common rental property sizes in Lamesa, TX are 2-bedroom and 3-bedroom, accounting for 37.3% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $563 | $569 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,320 |
| 4 Bed Rent | $1,290 | $1,290 |
% of Rental Stock
Property Listings — Lamesa, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lamesa, TX is 92. This is a decrease of -12.0% 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 | $193,000 | 1.0% |
Listing Count | 37 | -17.0% |
| Listings as % of Homes | 0.8% | -17.0% |
Days on Market | 92 | -12.0% |
Demographics — Lamesa, TX
As of the latest ACS Survey released in 2023, Lamesa, TX has a population of 11,800, which has decreased by -6.4% over the past 5 years. Lamesa, TX is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | -6.4% |
% Under 18 | 23.3% | -4.9% |
% Seniors | 13.6% | -3.5% |
% WFH | 3.4% | 36.0% |
% w/ College Degree | 13.9% | 13.0% |
As of the latest ACS Survey released in 2023, Lamesa, TX is a predominantly hispanic area, with 55.8% of the population identifying as hispanic. The hispanic population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Lamesa, TX is white, making up 34.4% of the population. Foreign-born residents account for 5.8% of the population in Lamesa, TX, and this percentage has decreased by 9.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.4% | -2.8% |
% Black | 7.5% | 15.4% |
% Hispanic | 55.8% | -2.4% |
% Asian | 0.4% | ∞% |
% Foreign Born | 5.8% | -9.4% |
Mortgage and Risk — Lamesa, TX
According to HUD data as of 2023, there were 77 mortgage originations in Lamesa, TX, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Lamesa, TX. Investor activity is low, as 6.0% 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 | 77 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lamesa, TX
Lamesa, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 163 |
Total Units Section 8 | 163 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 80.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $177 | $563 | $740 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | $0 | $1,200 | $1,200 |
| 4 Bedroom | $100 | $1,290 | $1,390 |
Affordability — Lamesa, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $100,000 |
| Median Household Income | $56,200 |