Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$370,072−0.3% YoY · prices are flat
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 21% have cut their price
Income needed to buy, per year$80,224About 0.8× the local median income ($96,255): affordable for a typical household
Days on market73 daysFaster than a year ago: sellers have the edge
Next 12 months−0.9%Zillow expects prices to dip slightly
The typical home in Wise County, TX is worth $370,072, about the same as a year ago. That is slightly below what local incomes have historically supported: fair value is about $372,395, so the area is 0.6% undervalued. It is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are down 9% from a year ago, 21% of listings have had a price cut. Zillow expects prices to fall about 0.9% over the next year. A household needs about $80,224 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 $96,255. Typical rent is $1,658 a month, or $2,343 for a house. In the latest IRS figures, 2,645 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
$370,072
Change in 1 year
−0.3%
Overvalued %
−0.6%
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Fair home value
$372,395
Change in 5 years
+10.2%
Zillow forecast, next 12 months
−0.9%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$2,006
Income needed to afford it
$80,224
Property tax rate
1.14%
Rent and investing
Typical rent
$1,658
Typical rent for houses
$2,343
Price-to-rent ratio
18.6×
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HUD Fair Market Rent, 2 bedrooms
$1,164
Gross rental yield
5.38%
Cap rate (estimate)
3.49%
Market activity
Listings vs a year ago
−8.8%
Days on market
73
Listings with a price cut
21.2%
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Homes for sale
478
Pending sales per 100 listings
25
Asking price per sq ft
$215
People and jobs
Median household income
$96,255
Population change (1 year)
+3.1%
Unemployment rate
5.3%
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Population
83,778
Income adjusted for cost of living
$93,361
Net moves in (IRS)
+2,645
Cost of living (US = 100)
103.1
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
59.0
Flood risk score
60.0
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Wildfire risk score
93.7
Walkability (1 to 20)
5.5
Road, rail and air noise
54 dB
Questions people ask
Is Wise County, TX overvalued?
Home prices in Wise County, TX are slightly below what local incomes have historically supported: fair value is about $372,395, so the area is 0.6% undervalued.
Is Wise County, TX a buyer's or seller's market?
Wise County, TX is a balanced market, leaning toward buyers: homes take about 73 days to sell, listings are down 9% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Wise County, TX?
Home values in Wise County, TX are down 0.3% over the last year. Zillow's forecast for the next 12 months is −0.9%.
How much do you need to earn to buy a home in Wise County, TX?
A household needs about $80,224 a year to afford the typical home in Wise County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,255.