Spring Gardens, TX—78380
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Gardens, TX
As of Oct '25, the median home price in Spring Gardens, TX is $160,000, with a year-over-year change of -6.1%. This indicates that home prices in Spring Gardens, TX are decreasing. According to Zillow, the 1-year price projection is -2.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | -6.1% |
| Single Family | $160,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Spring Gardens, TX
As of July '25, Rentcast reports the average rent in Spring Gardens, TX is $1,370, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Spring Gardens, TX is 1-bedrooms: $859, 2-bedrooms: $1,200, 3-bedrooms: $1,650, 4-bedrooms: $2,400. The most common rental property sizes in Spring Gardens, TX are 2-bedroom and 3-bedroom, accounting for 32.3% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $859 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,700 | $1,650 |
| 4 Bed Rent | $2,300 | $2,400 |
% of Rental Stock
Property Listings — Spring Gardens, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Gardens, TX is 114. This is a increase of 24.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 34.0% |
Listing Count | 80 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 114 | 24.0% |
Demographics — Spring Gardens, TX
As of the latest ACS Survey released in 2023, Spring Gardens, TX has a population of 23,800, which has decreased by -2.8% over the past 5 years. Spring Gardens, TX is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,800 | -2.8% |
% Under 18 | 23.6% | -16.3% |
% Seniors | 20.6% | 37.3% |
% WFH | 6.8% | 134.5% |
% w/ College Degree | 11.8% | -7.8% |
As of the latest ACS Survey released in 2023, Spring Gardens, TX is a predominantly hispanic area, with 75.7% of the population identifying as hispanic. The hispanic population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Spring Gardens, TX is white, making up 22.9% of the population. Foreign-born residents account for 5.3% of the population in Spring Gardens, TX, and this percentage has increased by 8.2% 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 | 22.9% | 6.0% |
% Black | 0.2% | -50.0% |
% Hispanic | 75.7% | -2.4% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 5.3% | 8.2% |
Mortgage and Risk — Spring Gardens, TX
According to HUD data as of 2023, there were 244 mortgage originations in Spring Gardens, TX, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Spring Gardens, TX. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Spring Gardens, TX
As of 2024, the percent of homes in Spring Gardens, TX under the Section 8 program is 17.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Spring Gardens, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 580 |
Total Units Section 8 | 321 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 83.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $325 | $675 | $1,000 |
| 2 Bedroom | $30 | $1,200 | $1,230 |
| 3 Bedroom | -$90 | $1,700 | $1,610 |
| 4 Bedroom | -$420 | $2,300 | $1,880 |
Affordability — Spring Gardens, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $160,000 |
| Median Household Income | $59,300 |