Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$178,752+5.0% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 9% have cut their price
Income needed to buy, per year$38,750About 0.6× the local median income ($63,822): affordable for a typical household
Days on market52 daysFaster than a year ago: sellers have the edge
The typical home in Reeves County, TX is worth $178,752, up 5.0% from a year ago. That is well below what local incomes have historically supported: fair value is about $276,297, so the area is 35.3% undervalued. It is a balanced market, leaning toward sellers: homes take about 52 days to sell, listings are down 44% from a year ago, 9% of listings have had a price cut. A household needs about $38,750 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 $63,822. In the latest IRS figures, 6 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
$178,752
Change in 1 year
+5.0%
Overvalued %
−35.3%
Show 6 more
Fair home value
$276,297
Change in 5 years
−32.6%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$969
Income needed to afford it
$38,750
Property tax rate
1.08%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,165
Market activity
Listings vs a year ago
−44.2%
Days on market
52
Listings with a price cut
9.1%
Show 3 more
Homes for sale
29
Pending sales per 100 listings
3
Asking price per sq ft
$154
People and jobs
Median household income
$63,822
Population change (1 year)
+0.1%
Unemployment rate
2.4%
Show 4 more
Population
12,138
Income adjusted for cost of living
$72,690
Net moves in (IRS)
+6
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
3.1
FEMA hazard risk score (0 to 100)
19.1
Flood risk score
31.5
Show 3 more
Wildfire risk score
51.1
Walkability (1 to 20)
8.1
Road, rail and air noise
55 dB
Questions people ask
Is Reeves County, TX overvalued?
Home prices in Reeves County, TX are well below what local incomes have historically supported: fair value is about $276,297, so the area is 35.3% undervalued.
Is Reeves County, TX a buyer's or seller's market?
Reeves County, TX is a balanced market, leaning toward sellers: homes take about 52 days to sell, listings are down 44% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Reeves County, TX?
Home values in Reeves County, TX are up 5.0% over the last year.
How much do you need to earn to buy a home in Reeves County, TX?
A household needs about $38,750 a year to afford the typical home in Reeves County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,822.