Shallowater, TX—79363
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shallowater, TX
As of Oct '25, the median home price in Shallowater, TX is $284,000, with a year-over-year change of -1.0%. This indicates that home prices in Shallowater, TX are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | -1.0% |
| Single Family | $284,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | 0.8% |
3 Bed | $250,000 | 0.4% |
4 Bed | $436,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shallowater, TX
As of July '25, Rentcast reports the average rent in Shallowater, TX is $1,570, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Shallowater, TX is 3-bedrooms: $1,530, 4-bedrooms: $2,050. The most common rental property sizes in Shallowater, TX are 3-bedroom and 2-bedroom, accounting for 60.1% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,530 |
| 4 Bed Rent | $2,050 | $2,050 |
% of Rental Stock
Property Listings — Shallowater, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Shallowater, TX is 62. This is a decrease of -23.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | 9.0% |
Listing Count | 46 | -20.0% |
| Listings as % of Homes | 1.7% | -20.0% |
Days on Market | 62 | -23.0% |
Demographics — Shallowater, TX
As of the latest ACS Survey released in 2023, Shallowater, TX has a population of 5,830, which has increased by 3.9% over the past 5 years. Shallowater, TX is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,830 | 3.9% |
% Under 18 | 25.2% | -18.4% |
% Seniors | 15.0% | 37.6% |
% WFH | 13.9% | 231.0% |
% w/ College Degree | 30.2% | 14.0% |
As of the latest ACS Survey released in 2023, Shallowater, TX is a predominantly white area, with 68.7% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Shallowater, TX is hispanic, making up 27.4% of the population. Foreign-born residents account for 3.0% of the population in Shallowater, TX, and this percentage has decreased by 3.2% 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 | 68.7% | 3.5% |
% Black | 0.4% | -60.0% |
% Hispanic | 27.4% | -12.2% |
% Asian | 0.1% | ∞% |
% Foreign Born | 3.0% | -3.2% |
Mortgage and Risk — Shallowater, TX
According to HUD data as of 2023, there were 153 mortgage originations in Shallowater, TX, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Shallowater, TX. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Shallowater, TX
Shallowater, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | $90 | $1,500 | $1,590 |
| 4 Bedroom | -$190 | $2,050 | $1,860 |
Affordability — Shallowater, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $284,000 |
| Median Household Income | $93,300 |