Ben Wheeler, TX 75754 housing market

What this means

• Valuation. Prices are 19% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 0.6% over the past year (U.S.: +1.2%), but still 10% below their 2022-23 peak.
• Supply. Listings are 23% below the 2017-19 norm and rising (+29% vs. a year ago), still somewhat tight.
• Negotiating. Buyer leverage is moderate (65/100; U.S.: 54): homes typically sell at or above asking (100.3% of list); 21% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 36% of the median household income (U.S.: 35%); it takes about $84k a year to keep the payment at 30% of gross pay. That includes about $2,488 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $85 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −8% to +8% over the next 12 months (56% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.5% to +7.8% (80% range; middle estimate +0.8%), chance of a rise 56%, of a 5%+ drop 19%.

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.

Other ZIP codes in Van Zandt County, TX