Baylor County, TX housing market

What this means

• Valuation. Prices are 11% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 15.2% over the past year (U.S.: +1.2%), but still 6% below their 2022-23 peak.
• Supply. There are 350% more homes for sale than the 2017-19 norm and falling (−23% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is moderate (51/100; U.S.: 54): homes typically sell at or above asking (100.5% of list); 23% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 29% of the median household income (U.S.: 35%); it takes about $44k a year to keep the payment at 30% of gross pay. That includes about $2,806 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $153 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −6% to +10% over the next 12 months (71% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −6.2% to +10.2% (80% range; middle estimate +3.3%), chance of a rise 71%, of a 5%+ drop 12%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Baylor County, TX