Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$240,166+2.4% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$52,063About 0.7× the local median income ($71,008): affordable for a typical household
Days on market74 daysSlower than a year ago: buyers have time to negotiate
The typical home in Gaines County, TX is worth $240,166, up 2.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $254,462, so the area is 5.6% undervalued. It is a buyer's market: homes take about 74 days to sell, listings are up 21% from a year ago, 16% of listings have had a price cut. A household needs about $52,063 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,008. In the latest IRS figures, 23 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$240,166
Change in 1 year
+2.4%
Overvalued %
−5.6%
Show 6 more
Fair home value
$254,462
Change in 5 years
+11.8%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,302
Income needed to afford it
$52,063
Property tax rate
1.57%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+20.7%
Days on market
74
Listings with a price cut
15.6%
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Homes for sale
105
Pending sales per 100 listings
6
Asking price per sq ft
$172
People and jobs
Median household income
$71,008
Population change (1 year)
+2.9%
Unemployment rate
2.4%
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Population
23,956
Income adjusted for cost of living
$80,875
Net moves in (IRS)
−23
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
57.6
Flood risk score
30.4
Show 3 more
Wildfire risk score
93.4
Walkability (1 to 20)
6.8
Road, rail and air noise
55 dB
Questions people ask
Is Gaines County, TX overvalued?
Home prices in Gaines County, TX are slightly below what local incomes have historically supported: fair value is about $254,462, so the area is 5.6% undervalued.
Is Gaines County, TX a buyer's or seller's market?
Gaines County, TX is a buyer's market: homes take about 74 days to sell, listings are up 21% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Gaines County, TX?
Home values in Gaines County, TX are up 2.4% over the last year.
How much do you need to earn to buy a home in Gaines County, TX?
A household needs about $52,063 a year to afford the typical home in Gaines County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,008.