Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$106,296−5.9% YoY · prices are falling fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$23,043About 0.4× the local median income ($56,537): affordable for a typical household
Days on market68 daysFaster than a year ago: sellers have the edge
The typical home in Lamb County, TX is worth $106,296, down 5.9% from a year ago. That is well below what local incomes have historically supported: fair value is about $129,982, so the area is 18.2% undervalued. It is a balanced market, leaning toward buyers: homes take about 68 days to sell, listings are up 5% from a year ago, 14% of listings have had a price cut. A household needs about $23,043 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 $56,537. In the latest IRS figures, 164 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
$106,296
Change in 1 year
−5.9%
Overvalued %
−18.2%
Show 6 more
Fair home value
$129,982
Change in 5 years
−12.6%
Home value to income
1.9×
Monthly mortgage payment (20% down)
$576
Income needed to afford it
$23,043
Property tax rate
1.11%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+5.4%
Days on market
68
Listings with a price cut
14.0%
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Homes for sale
39
Pending sales per 100 listings
26
Asking price per sq ft
$89
People and jobs
Median household income
$56,537
Population change (1 year)
−0.3%
Unemployment rate
2.1%
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Population
12,579
Income adjusted for cost of living
$64,393
Net moves in (IRS)
−164
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
4.5
FEMA hazard risk score (0 to 100)
61.2
Flood risk score
18.6
Show 3 more
Wildfire risk score
85.8
Walkability (1 to 20)
6.5
Road, rail and air noise
52 dB
Questions people ask
Is Lamb County, TX overvalued?
Home prices in Lamb County, TX are well below what local incomes have historically supported: fair value is about $129,982, so the area is 18.2% undervalued.
Is Lamb County, TX a buyer's or seller's market?
Lamb County, TX is a balanced market, leaning toward buyers: homes take about 68 days to sell, listings are up 5% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Lamb County, TX?
Home values in Lamb County, TX are down 5.9% over the last year.
How much do you need to earn to buy a home in Lamb County, TX?
A household needs about $23,043 a year to afford the typical home in Lamb County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,537.