Ovalo, TX—79541
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ovalo, TX
As of Oct '25, the median home price in Ovalo, TX is $420,000, with a year-over-year change of 3.5%. This indicates that home prices in Ovalo, TX are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $420,000 | 3.6% |
| Single Family | $421,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Ovalo, TX
Ovalo, TX lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| 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 | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Ovalo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Ovalo, TX is 58. This is a decrease of -31.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $539,000 | 11.0% |
Listing Count | 12 | 42.0% |
| Listings as % of Homes | 1.4% | 42.0% |
Days on Market | 58 | -31.0% |
Demographics — Ovalo, TX
As of the latest ACS Survey released in 2023, Ovalo, TX has a population of 1,430, which has increased by 45.4% over the past 5 years. Ovalo, TX is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,430 | 45.4% |
% Under 18 | 24.4% | 1.2% |
% Seniors | 28.6% | 155.4% |
% WFH | 10.8% | ∞% |
% w/ College Degree | 30.1% | -36.5% |
As of the latest ACS Survey released in 2023, Ovalo, TX is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Ovalo, TX is hispanic, making up 9.0% of the population. Foreign-born residents account for 5.4% of the population in Ovalo, TX, and this percentage has increased by Inf% 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 | 88.5% | -9.0% |
% Black | 0.0% | N/A |
% Hispanic | 9.0% | 221.4% |
% Asian | 1.1% | ∞% |
% Foreign Born | 5.4% | ∞% |
Mortgage and Risk — Ovalo, TX
According to HUD data as of 2023, there were 57 mortgage originations in Ovalo, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Ovalo, TX. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ovalo, TX
Ovalo, 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 | $870 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | -$1,070 | $2,800 | $1,730 |
Affordability — Ovalo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $420,000 |
| Median Household Income | $68,100 |