Wells—75976
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wells
As of Nov '25, the median home price in Wells is $181,000, with a year-over-year change of -14.0%. This indicates that home prices in Wells are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | -14.0% |
| Single Family | $181,000 | -14.2% |
| 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 — Wells
Wells lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wells
As of Nov '25, Realtor.com reports that the median days on market for a home in Wells is 112. This is a decrease of -37.0% 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 | $172,000 | 55.0% |
Listing Count | 7 | 36.0% |
| Listings as % of Homes | 0.4% | 36.0% |
Days on Market | 112 | -37.0% |
Demographics — Wells
As of the latest ACS Survey released in 2023, Wells has a population of 1,200, which has increased by 76.6% over the past 5 years. Wells is a popular place for families, as children make up 34.9% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,200 | 76.6% |
% Under 18 | 34.9% | 35.8% |
% Seniors | 15.5% | -14.8% |
% WFH | 6.1% | ∞% |
% w/ College Degree | 15.5% | 63.2% |
As of the latest ACS Survey released in 2023, Wells is a predominantly white area, with 71.9% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Wells is black, making up 11.1% of the population. Foreign-born residents account for 4.4% of the population in Wells, and this percentage has increased by 76.0% 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 | 71.9% | 1.3% |
% Black | 11.1% | -44.5% |
% Hispanic | 6.7% | -6.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.4% | 76.0% |
Mortgage and Risk — Wells
According to HUD data as of 2023, there were 11 mortgage originations in Wells, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 88.0%, with 64.0% above 90% LTV (very high). This implies large mortgage risk in Wells. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Rentals and Section 8 — Wells
Wells lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $900 |
| 2 Bedroom | -$120 | $1,300 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,650 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Wells
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $181,000 |
| Median Household Income | $66,500 |