Payne Springs, TX—75156
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Payne Springs, TX
As of Oct '25, the median home price in Payne Springs, TX is $279,000, with a year-over-year change of -5.2%. This indicates that home prices in Payne Springs, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | -5.2% |
| Single Family | $280,000 | -6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | -5.1% |
3 Bed | $289,000 | -5.6% |
4 Bed | $581,000 | -4.3% |
| 5 Bed | $1,075,000 | -3.9% |
% of Housing Stock
Rental Trends — Payne Springs, TX
As of July '25, Rentcast reports the average rent in Payne Springs, TX is $1,820, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Payne Springs, TX is 1-bedrooms: $1,020, 2-bedrooms: $1,680, 3-bedrooms: $1,800, 4-bedrooms: $2,530. The most common rental property sizes in Payne Springs, TX are 2-bedroom and 3-bedroom, accounting for 61.5% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,020 |
| 2 Bed Rent | $1,350 | $1,680 |
| 3 Bed Rent | $1,580 | $1,800 |
| 4 Bed Rent | $2,300 | $2,530 |
% of Rental Stock
Property Listings — Payne Springs, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Payne Springs, TX is 97. This is a increase of 21.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | -1.0% |
Listing Count | 308 | 7.0% |
| Listings as % of Homes | 2.0% | 7.0% |
Days on Market | 97 | 21.0% |
Demographics — Payne Springs, TX
As of the latest ACS Survey released in 2023, Payne Springs, TX has a population of 15,700, which has decreased by -2.3% over the past 5 years. Payne Springs, TX is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | -2.3% |
% Under 18 | 16.8% | -18.8% |
% Seniors | 23.2% | 5.0% |
% WFH | 11.8% | 122.6% |
% w/ College Degree | 17.0% | 11.1% |
As of the latest ACS Survey released in 2023, Payne Springs, TX is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Payne Springs, TX is hispanic, making up 7.3% of the population. Foreign-born residents account for 3.5% of the population in Payne Springs, TX, and this percentage has increased by 9.4% 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 | 85.5% | -3.2% |
% Black | 1.0% | -52.4% |
% Hispanic | 7.3% | -2.7% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 3.5% | 9.4% |
Mortgage and Risk — Payne Springs, TX
According to HUD data as of 2023, there were 430 mortgage originations in Payne Springs, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Payne Springs, TX. Investor activity is low, as 6.0% 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 | 430 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 6.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Payne Springs, TX
As of 2024, the percent of homes in Payne Springs, TX under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Payne Springs, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,050 | $980 |
| 2 Bedroom | -$210 | $1,350 | $1,140 |
| 3 Bedroom | -$140 | $1,580 | $1,440 |
| 4 Bedroom | -$430 | $2,300 | $1,870 |
Affordability — Payne Springs, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $279,000 |
| Median Household Income | $59,300 |