Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$200,567+3.6% YoY · prices are rising fast
Market right nowBalanced marketFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$43,479About 0.6× the local median income ($68,559): affordable for a typical household
Days on market78 daysFaster than a year ago: sellers have the edge
The typical home in Panola County, TX is worth $200,567, up 3.6% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $219,868, so the area is 8.8% undervalued. It is a balanced market: homes take about 78 days to sell, listings are down 6% from a year ago, 14% of listings have had a price cut. A household needs about $43,479 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 $68,559. In the latest IRS figures, 210 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
$200,567
Change in 1 year
+3.6%
Overvalued %
−8.8%
Show 6 more
Fair home value
$219,868
Change in 5 years
+3.3%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,087
Income needed to afford it
$43,479
Property tax rate
0.79%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,060
Market activity
Listings vs a year ago
−5.8%
Days on market
78
Listings with a price cut
14.2%
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Homes for sale
81
Pending sales per 100 listings
20
Asking price per sq ft
$147
People and jobs
Median household income
$68,559
Population change (1 year)
−0.1%
Unemployment rate
2.5%
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Population
23,018
Income adjusted for cost of living
$78,085
Net moves in (IRS)
+210
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
55.4
Flood risk score
44.3
Show 3 more
Wildfire risk score
72.1
Walkability (1 to 20)
4.9
Road, rail and air noise
54 dB
Questions people ask
Is Panola County, TX overvalued?
Home prices in Panola County, TX are slightly below what local incomes have historically supported: fair value is about $219,868, so the area is 8.8% undervalued.
Is Panola County, TX a buyer's or seller's market?
Panola County, TX is a balanced market: homes take about 78 days to sell, listings are down 6% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Panola County, TX?
Home values in Panola County, TX are up 3.6% over the last year.
How much do you need to earn to buy a home in Panola County, TX?
A household needs about $43,479 a year to afford the typical home in Panola County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,559.