Wallis, TX—77485
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wallis, TX
As of Oct '25, the median home price in Wallis, TX is $323,000, with a year-over-year change of 0.0%. This indicates that home prices in Wallis, TX are flat. 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 | $323,000 | 0.0% |
| Single Family | $323,000 | 0.0% |
| 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 | $330,000 | 1.5% |
4 Bed | $422,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wallis, TX
As of July '25, Rentcast reports the average rent in Wallis, TX is $1,480, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Wallis, TX is 1-bedrooms: $585, 2-bedrooms: $1,250, 3-bedrooms: $2,140, 4-bedrooms: $2,200. The most common rental property sizes in Wallis, TX are 2-bedroom and 3-bedroom, accounting for 57.1% and 38.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $585 | $585 |
| 2 Bed Rent | $1,100 | $1,250 |
| 3 Bed Rent | $1,780 | $2,140 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Wallis, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Wallis, TX is 86. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | -9.0% |
Listing Count | 19 | 50.0% |
| Listings as % of Homes | 0.5% | 50.0% |
Days on Market | 86 | 30.0% |
Demographics — Wallis, TX
As of the latest ACS Survey released in 2023, Wallis, TX has a population of 3,860, which has decreased by -13.6% over the past 5 years. Wallis, TX is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,860 | -13.6% |
% Under 18 | 23.2% | -15.0% |
% Seniors | 13.7% | -22.6% |
% WFH | 7.8% | 358.8% |
% w/ College Degree | 15.3% | 3.4% |
As of the latest ACS Survey released in 2023, Wallis, TX is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Wallis, TX is hispanic, making up 29.1% of the population. Foreign-born residents account for 14.5% of the population in Wallis, TX, and this percentage has increased by 85.9% 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 | 52.2% | -10.9% |
% Black | 9.7% | 21.2% |
% Hispanic | 29.1% | -6.4% |
% Asian | 1.2% | 200.0% |
% Foreign Born | 14.5% | 85.9% |
Mortgage and Risk — Wallis, TX
According to HUD data as of 2023, there were 30 mortgage originations in Wallis, TX, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Wallis, TX. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Wallis, TX
As of 2024, the percent of homes in Wallis, TX under the Section 8 program is 0.5%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Wallis, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $585 | $810 |
| 2 Bedroom | -$160 | $1,100 | $940 |
| 3 Bedroom | -$500 | $1,780 | $1,280 |
| 4 Bedroom | -$650 | $2,200 | $1,550 |
Affordability — Wallis, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $323,000 |
| Median Household Income | $45,700 |