Watauga, TX—76148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watauga, TX
As of Oct '25, the median home price in Watauga, TX is $266,000, with a year-over-year change of -3.1%. This indicates that home prices in Watauga, TX are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | -3.2% |
| Single Family | $266,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | -1.3% |
3 Bed | $264,000 | -2.9% |
4 Bed | $310,000 | -2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Watauga, TX
As of July '25, Rentcast reports the average rent in Watauga, TX is $2,060, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Watauga, TX is 1-bedrooms: $850, 3-bedrooms: $2,060, 4-bedrooms: $2,270. The most common rental property sizes in Watauga, TX are 3-bedroom and 2-bedroom, accounting for 82.0% and 6.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,050 | $2,060 |
| 4 Bed Rent | $2,160 | $2,270 |
% of Rental Stock
Property Listings — Watauga, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Watauga, TX is 48. This is a increase of 20.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | 0.0% |
Listing Count | 88 | -17.0% |
| Listings as % of Homes | 0.6% | -17.0% |
Days on Market | 48 | 20.0% |
Demographics — Watauga, TX
As of the latest ACS Survey released in 2023, Watauga, TX has a population of 23,600, which has remained stable by 0.1% over the past 5 years. Watauga, TX is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,600 | 0.1% |
% Under 18 | 22.5% | -11.8% |
% Seniors | 15.1% | 36.0% |
% WFH | 9.8% | 206.2% |
% w/ College Degree | 24.2% | 33.7% |
As of the latest ACS Survey released in 2023, Watauga, TX is a predominantly white area, with 56.9% of the population identifying as white. The white population has shrunk by 13.3% in the last 5 years. The second most common race or ethnicity in Watauga, TX is hispanic, making up 29.2% of the population. Foreign-born residents account for 12.0% of the population in Watauga, TX, and this percentage has increased by 17.6% 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 | 56.9% | -13.3% |
% Black | 6.0% | 87.5% |
% Hispanic | 29.2% | 20.7% |
% Asian | 5.0% | 11.1% |
% Foreign Born | 12.0% | 17.6% |
Mortgage and Risk — Watauga, TX
According to HUD data as of 2023, there were 359 mortgage originations in Watauga, TX, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Watauga, TX. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 359 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Watauga, TX
Watauga, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,040 | $850 | $1,890 |
| 2 Bedroom | N/A | N/A | $2,200 |
| 3 Bedroom | $860 | $2,050 | $2,910 |
| 4 Bedroom | $1,390 | $2,160 | $3,550 |
Affordability — Watauga, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $266,000 |
| Median Household Income | $90,600 |