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Ovalo, TX—79541

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$419,000
3.5% YoY Growth
Household Income
$68,100
N/A
Days on Market
104
38.0% Shorter YoY
Home Price Forecast
1.0%
Median Rent
$2,800
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ovalo, TX

As of Dec '25, the median home price in Ovalo, TX is $419,000, with a year-over-year change of 3.5%. This indicates that home prices in Ovalo, TX are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$419,0003.5%
Single Family $420,0003.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.8%
    1 Bedroom
    1.8%
    2 Bedrooms
    18.2%
    3 Bedrooms
    35.4%
    4 Bedrooms
    36.2%
    5+ Bedrooms
    1.5%

    Rental Trends — Ovalo, TX

    Ovalo, TX lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$2,800$2,800
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent $2,800$2,800
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    % of Rental Stock

    3 Bedrooms
    61.2%
    4 Bedrooms
    38.8%

    Property Listings — Ovalo, TX

    As of Dec '25, Realtor.com reports that the median days on market for a home in Ovalo, TX is 69. This is a decrease of -40.0% from last year, suggesting that homes are sitting on the market shorter 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$532,0001.0%
    Listing Count
    		1152.0%
    Listings as % of Homes1.4%52.0%
    Days on Market
    		104-38.0%
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    Demographics — Ovalo, TX

    As of the latest ACS Survey released in 2023, Ovalo, TX has a population of 1,430, which has increased by 45.4% over the past 5 years. Ovalo, TX is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,43045.4%
    % Under 18
    		24.4%1.2%
    % Seniors
    		28.6%155.4%
    % WFH
    		10.8%∞%
    % w/ College Degree
    		30.1%-36.5%
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    As of the latest ACS Survey released in 2023, Ovalo, TX is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Ovalo, TX is hispanic, making up 9.0% of the population. Foreign-born residents account for 5.4% of the population in Ovalo, TX, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.5%-9.0%
    % Black
    		0.0%N/A
    % Hispanic
    		9.0%221.4%
    % Asian
    		1.1%∞%
    % Foreign Born
    		5.4%∞%
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    Mortgage and Risk — Ovalo, TX

    According to HUD data as of 2023, there were 57 mortgage originations in Ovalo, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Ovalo, TX. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		57
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Ovalo, TX

    Ovalo, TX lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$870
    2 BedroomN/AN/A$1,110
    3 BedroomN/AN/A$1,420
    4 Bedroom-$1,070$2,800$1,730

    Affordability — Ovalo, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$419,000
    Median Household Income$68,100

    Ovalo, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    79530

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    79562

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    79508

    Abilene, TX

    79606

    Abilene, TX

    79603

    Frequently Asked Questions