Hockley, TX—77447
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hockley, TX
As of Nov '25, the median home price in Hockley, TX is $304,000, with a year-over-year change of -2.0%. This indicates that home prices in Hockley, TX are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | -2.0% |
| Single Family | $304,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | -0.4% |
3 Bed | $265,000 | -3.3% |
4 Bed | $333,000 | -2.6% |
| 5 Bed | $429,731 | -2.7% |
% of Housing Stock
Rental Trends — Hockley, TX
As of July '25, Rentcast reports the average rent in Hockley, TX is $2,180, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Hockley, TX is studios: $1,650, 1-bedrooms: $1,340, 2-bedrooms: $1,480, 3-bedrooms: $2,080, 4-bedrooms: $2,290. The most common rental property sizes in Hockley, TX are 3-bedroom and 2-bedroom, accounting for 63.8% and 18.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,180 |
| Studio Rent | $1,650 | $1,650 |
| 1 Bed Rent | $1,320 | $1,340 |
| 2 Bed Rent | $1,380 | $1,480 |
| 3 Bed Rent | $2,000 | $2,080 |
| 4 Bed Rent | $2,200 | $2,290 |
% of Rental Stock
Property Listings — Hockley, TX
As of Nov '25, Realtor.com reports that the median days on market for a home in Hockley, TX is 59. This is a increase of 30.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $348,000 | -5.0% |
Listing Count | 483 | -8.0% |
| Listings as % of Homes | 4.3% | -8.0% |
Days on Market | 59 | 30.0% |
Demographics — Hockley, TX
As of the latest ACS Survey released in 2023, Hockley, TX has a population of 22,800, which has increased by 49.6% over the past 5 years. Hockley, TX is a popular place for families, as children make up 32.4% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | 49.6% |
% Under 18 | 32.4% | 19.6% |
% Seniors | 7.5% | -19.4% |
% WFH | 11.9% | 32.2% |
% w/ College Degree | 26.4% | 56.2% |
As of the latest ACS Survey released in 2023, Hockley, TX is a predominantly white area, with 44.0% of the population identifying as white. The white population has shrunk by 17.0% in the last 5 years. The second most common race or ethnicity in Hockley, TX is hispanic, making up 40.8% of the population. Foreign-born residents account for 15.4% of the population in Hockley, TX, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.0% | -17.0% |
% Black | 9.5% | 61.0% |
% Hispanic | 40.8% | 8.5% |
% Asian | 1.4% | -36.4% |
% Foreign Born | 15.4% | -8.3% |
Mortgage and Risk — Hockley, TX
According to HUD data as of 2023, there were 985 mortgage originations in Hockley, TX, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 88.0%, with 65.0% above 90% LTV (very high). This implies large mortgage risk in Hockley, TX. Investor activity is low, as 3.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 985 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Rentals and Section 8 — Hockley, TX
As of 2024, the percent of homes in Hockley, TX under the Section 8 program is 2.1%. 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 Hockley, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,320 | $1,410 |
| 2 Bedroom | $300 | $1,380 | $1,680 |
| 3 Bedroom | $240 | $2,000 | $2,240 |
| 4 Bedroom | $620 | $2,200 | $2,820 |
Affordability — Hockley, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $304,000 |
| Median Household Income | $112,000 |