Big Spring, TX 79720 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Big Spring, TX—79720

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$133,000

10.1% YoY Growth

Household Income

$71,200

37.2% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

-5.3%

Median Rent

$1,500

11.3% YoY Growth

1-Bed Rent

$900

17.9% YoY Growth

2-Bed Rent

$1,400

3.8% YoY Growth

3-Bed Rent

$1,700

20.4% YoY Growth

Home Price Trends — Big Spring, TX

As of Nov '25, the median home price in Big Spring, TX is $133,000, with a year-over-year change of -10.1%. This indicates that home prices in Big Spring, TX are decreasing. According to Zillow, the 1-year price projection is -5.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$133,000	-10.1%
Single Family	$133,000	-7.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Big Spring, TX

As of July '25, Rentcast reports the average rent in Big Spring, TX is $1,480, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Big Spring, TX is studios: $500, 1-bedrooms: $1,010, 2-bedrooms: $1,360, 3-bedrooms: $1,830, 4-bedrooms: $1,780. The most common rental property sizes in Big Spring, TX are 2-bedroom and 1-bedroom, accounting for 36.8% and 29.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,480
Studio Rent	$500	$500
1 Bed Rent	$900	$1,010
2 Bed Rent	$1,400	$1,360
3 Bed Rent	$1,700	$1,830
4 Bed Rent	$1,700	$1,780

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% of Rental Stock

Studio

2.6%

1 Bedroom

29.0%

2 Bedrooms

36.8%

3 Bedrooms

28.2%

4 Bedrooms

3.4%

Property Listings — Big Spring, TX

As of Nov '25, Realtor.com reports that the median days on market for a home in Big Spring, TX is 81. This is a increase of 7.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$220,000	-5.0%
Listing Count	175	14.0%
Listings as % of Homes	1.0%	14.0%
Days on Market	81	7.0%

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Demographics — Big Spring, TX

As of the latest ACS Survey released in 2023, Big Spring, TX has a population of 30,400, which has decreased by -13.9% over the past 5 years. Big Spring, TX is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	30,400	-13.9%
% Under 18	20.9%	-3.7%
% Seniors	13.6%	11.5%
% WFH	3.9%	143.8%
% w/ College Degree	15.8%	27.4%

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As of the latest ACS Survey released in 2023, Big Spring, TX is a predominantly hispanic area, with 45.3% of the population identifying as hispanic. The hispanic population has grown by 6.3% in the last 5 years. The second most common race or ethnicity in Big Spring, TX is white, making up 45.2% of the population. Foreign-born residents account for 10.0% of the population in Big Spring, TX, and this percentage has decreased by 20.0% 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	45.2%	-6.4%
% Black	5.9%	-9.2%
% Hispanic	45.3%	6.3%
% Asian	1.2%	50.0%
% Foreign Born	10.0%	-20.0%

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Mortgage and Risk — Big Spring, TX

According to HUD data as of 2023, there were 285 mortgage originations in Big Spring, TX, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Big Spring, TX. Investor activity is low, as 4.0% 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	285
% Conventional Loans	48.0%
% Government Loans	52.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Big Spring, TX

As of 2024, the percent of homes in Big Spring, TX under the Section 8 program is 16.6%. 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. In Big Spring, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	600
Total Units Section 8	600
% Rentals under Section 8	16.6%
% Occupied Section 8	75.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$20	$900	$880
2 Bedroom	-$270	$1,400	$1,130
3 Bedroom	-$340	$1,700	$1,360
4 Bedroom	-$10	$1,700	$1,690

Big Spring, TX—79720

Key Metrics at a Glance

Home Price Trends — Big Spring, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Big Spring, TX

% of Rental Stock

Property Listings — Big Spring, TX

Demographics — Big Spring, TX

Race and Ethnicity

Mortgage and Risk — Big Spring, TX

Mortgages

Rentals and Section 8 — Big Spring, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Big Spring, TX

Home Price to Income Ratio

Big Spring, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Webb Village

Forsan

Knott, TX

Lenorah, TX

Coahoma, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$133,000
Median Household Income	$71,200

Big Spring, TX—79720

Key Metrics at a Glance

Home Price Trends — Big Spring, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Big Spring, TX

% of Rental Stock

Property Listings — Big Spring, TX

Demographics — Big Spring, TX

Race and Ethnicity

Mortgage and Risk — Big Spring, TX

Mortgages

Rentals and Section 8 — Big Spring, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Big Spring, TX

Home Price to Income Ratio

Big Spring, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Webb Village

Forsan

Knott, TX

Lenorah, TX

Coahoma, TX

Frequently Asked Questions

What is the average home price in Big Spring, TX 79720?

How have home prices in Big Spring, TX 79720 changed over the past year?

What is the home price projection for Big Spring, TX 79720?

What are the demographics of Big Spring, TX 79720?

How long does it take homes to sell in Big Spring, TX 79720?

What is the average rent price in Big Spring, TX 79720?