Wright—82732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wright
As of Oct '25, the median home price in Wright is $279,000, with a year-over-year change of 7.5%. This indicates that home prices in Wright are increasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 7.5% |
| Single Family | $279,000 | 4.1% |
| 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 | $272,000 | 4.6% |
4 Bed | $297,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wright
Wright lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $975 | $975 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wright
As of Oct '25, Realtor.com reports that the median days on market for a home in Wright is 58. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | -9.0% |
Listing Count | 11 | -17.0% |
| Listings as % of Homes | 1.4% | -17.0% |
Days on Market | 58 | -23.0% |
Demographics — Wright
As of the latest ACS Survey released in 2023, Wright has a population of 1,560, which has decreased by -14.5% over the past 5 years. Wright is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,560 | -14.5% |
% Under 18 | 23.0% | 6.5% |
% Seniors | 8.9% | 27.1% |
% WFH | 4.9% | 308.3% |
% w/ College Degree | 11.0% | -18.5% |
As of the latest ACS Survey released in 2023, Wright is a predominantly white area, with 75.6% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Wright is hispanic, making up 14.6% of the population. Foreign-born residents account for 14.8% of the population in Wright, and this percentage has increased by 155.2% 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 | 75.6% | -7.2% |
% Black | 0.8% | ∞% |
% Hispanic | 14.6% | 50.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 14.8% | 155.2% |
Mortgage and Risk — Wright
According to HUD data as of 2023, there were 22 mortgage originations in Wright, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in Wright. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Wright
Wright lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $1,140 |
| 2 Bedroom | $295 | $975 | $1,270 |
| 3 Bedroom | N/A | N/A | $1,670 |
| 4 Bedroom | N/A | N/A | $2,130 |
Affordability — Wright
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $279,000 |
| Median Household Income | $92,100 |