Galveston, TX—77554
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galveston, TX
As of Oct '25, the median home price in Galveston, TX is $532,000, with a year-over-year change of -7.4%. This indicates that home prices in Galveston, TX are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $532,000 | -7.4% |
| Single Family | $558,000 | -8.2% |
| Condos | $289,000 | -8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $170,000 | -8.6% |
2 Bed | $337,000 | -9.9% |
3 Bed | $544,000 | -7.6% |
4 Bed | $828,000 | -6.9% |
| 5 Bed | $1,237,000 | -6.2% |
% of Housing Stock
Rental Trends — Galveston, TX
As of July '25, Rentcast reports the average rent in Galveston, TX is $2,770, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Galveston, TX is 1-bedrooms: $1,380, 2-bedrooms: $2,150, 3-bedrooms: $3,250, 4-bedrooms: $4,480. The most common rental property sizes in Galveston, TX are 1-bedroom and 2-bedroom, accounting for 52.6% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,380 |
| 2 Bed Rent | $1,900 | $2,150 |
| 3 Bed Rent | $3,200 | $3,250 |
| 4 Bed Rent | $4,300 | $4,480 |
% of Rental Stock
Property Listings — Galveston, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Galveston, TX is 109. This is a increase of 17.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $633,000 | -2.0% |
Listing Count | 793 | 33.0% |
| Listings as % of Homes | 2.9% | 33.0% |
Days on Market | 109 | 17.0% |
Demographics — Galveston, TX
As of the latest ACS Survey released in 2023, Galveston, TX has a population of 9,970, which has increased by 13.7% over the past 5 years. Galveston, TX is a less popular place for families, as children make up 6.0% of the population. The area has a highly educated workforce, with 48.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,970 | 13.7% |
% Under 18 | 6.0% | -38.8% |
% Seniors | 28.4% | 47.2% |
% WFH | 20.3% | 105.1% |
% w/ College Degree | 48.9% | 13.2% |
As of the latest ACS Survey released in 2023, Galveston, TX is a predominantly white area, with 74.9% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Galveston, TX is hispanic, making up 13.9% of the population. Foreign-born residents account for 7.9% of the population in Galveston, TX, and this percentage has increased by 17.9% 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 | 74.9% | -4.0% |
% Black | 2.7% | 3.8% |
% Hispanic | 13.9% | -6.7% |
% Asian | 3.4% | 25.9% |
% Foreign Born | 7.9% | 17.9% |
Mortgage and Risk — Galveston, TX
According to HUD data as of 2023, there were 373 mortgage originations in Galveston, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Galveston, TX. Investor activity is low, as 12.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 373 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 12.0% |
% Second Loans | 50.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Galveston, TX
As of 2024, the percent of homes in Galveston, TX under the Section 8 program is 0.8%. 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 Galveston, 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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,200 | $1,340 |
| 2 Bedroom | -$300 | $1,900 | $1,600 |
| 3 Bedroom | -$1,070 | $3,200 | $2,130 |
| 4 Bedroom | -$1,610 | $4,300 | $2,690 |
Affordability — Galveston, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $532,000 |
| Median Household Income | $87,100 |