Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$174,922−4.6% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 13% have cut their price
Income needed to buy, per year$37,919About 0.6× the local median income ($65,522): affordable for a typical household
Days on market93 daysAbout the same pace as a year ago
The typical home in Polk County, TX is worth $174,922, down 4.6% from a year ago. That is well below what local incomes have historically supported: fair value is about $203,424, so the area is 14.0% undervalued. It is a balanced market, leaning toward buyers: homes take about 93 days to sell, listings are down 6% from a year ago, 13% of listings have had a price cut. A household needs about $37,919 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 $65,522. Typical rent is $1,411 a month. In the latest IRS figures, 390 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
$174,922
Change in 1 year
−4.6%
Overvalued %
−14.0%
Show 6 more
Fair home value
$203,424
Change in 5 years
+1.9%
Home value to income
2.7×
Monthly mortgage payment (20% down)
$948
Income needed to afford it
$37,919
Property tax rate
0.90%
Rent and investing
Typical rent
$1,411
Price-to-rent ratio
10.3×
HUD Fair Market Rent, 2 bedrooms
$1,227
Show 2 more
Gross rental yield
9.68%
Cap rate (estimate)
6.29%
Market activity
Listings vs a year ago
−5.8%
Days on market
93
Listings with a price cut
12.6%
Show 3 more
Homes for sale
387
Pending sales per 100 listings
10
Asking price per sq ft
$178
People and jobs
Median household income
$65,522
Population change (1 year)
−0.1%
Unemployment rate
8.1%
Show 4 more
Population
53,434
Income adjusted for cost of living
$74,626
Net moves in (IRS)
+390
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
75.6
Unhealthy air days a year
1
Show 4 more
Flood risk score
63.8
Wildfire risk score
75.5
Walkability (1 to 20)
5.5
Road, rail and air noise
53 dB
Questions people ask
Is Polk County, TX overvalued?
Home prices in Polk County, TX are well below what local incomes have historically supported: fair value is about $203,424, so the area is 14.0% undervalued.
Is Polk County, TX a buyer's or seller's market?
Polk County, TX is a balanced market, leaning toward buyers: homes take about 93 days to sell, listings are down 6% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Polk County, TX?
Home values in Polk County, TX are down 4.6% over the last year.
How much do you need to earn to buy a home in Polk County, TX?
A household needs about $37,919 a year to afford the typical home in Polk County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,522.