Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$364,056+5.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$78,920About 1.3× the local median income ($61,642): a stretch for a typical household
Days on market120 daysFaster than a year ago: sellers have the edge
The typical home in Mills County, TX is worth $364,056, up 5.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $382,319, so the area is 4.8% undervalued. It is a buyer's market: homes take about 120 days to sell, listings are up 38% from a year ago, 22% of listings have had a price cut. A household needs about $78,920 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 $61,642. In the latest IRS figures, 39 more people moved in than out.
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
$364,056
Change in 1 year
+5.7%
Overvalued %
−4.8%
Show 6 more
Fair home value
$382,319
Change in 5 years
+1.8%
Home value to income
5.9×
Monthly mortgage payment (20% down)
$1,973
Income needed to afford it
$78,920
Property tax rate
0.78%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+37.5%
Days on market
120
Listings with a price cut
22.2%
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Homes for sale
33
Pending sales per 100 listings
6
Asking price per sq ft
$169
People and jobs
Median household income
$61,642
Population change (1 year)
−0.1%
Unemployment rate
3.2%
Show 4 more
Population
4,580
Income adjusted for cost of living
$70,207
Net moves in (IRS)
+39
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
9.4
FEMA hazard risk score (0 to 100)
5.6
Flood risk score
11.3
Show 3 more
Wildfire risk score
76.5
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is Mills County, TX overvalued?
Home prices in Mills County, TX are slightly below what local incomes have historically supported: fair value is about $382,319, so the area is 4.8% undervalued.
Is Mills County, TX a buyer's or seller's market?
Mills County, TX is a buyer's market: homes take about 120 days to sell, listings are up 38% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Mills County, TX?
Home values in Mills County, TX are up 5.7% over the last year.
How much do you need to earn to buy a home in Mills County, TX?
A household needs about $78,920 a year to afford the typical home in Mills County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,642.