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Mineral Wells, TX
Full City Profile · Texas · Palo Pinto County County
2.8
/5.0
C+
Fair
15,130
Population
742/sq mi density
$54,210
Median Income
$25,047 per capita
$146,100
Home Value
$198,821 Zillow
$1,004
Median Rent
31.3% income on rent
65°F
Avg Temperature
330 sunny days/yr
148
Violent Crime/100K
3,073 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$54,210 median income, 5.4% unemployment
A+
Affordability
5.0 / 5.0
$146,100 home value, $1,004/mo rent
F
Safety
1.0 / 5.0
148 violent crimes/100K
C
Education
2.1 / 5.0
13.3% bachelor's degree or higher
Housing Overview
Median Home Value
$146,100
48% below
US avg: $281,900
Median Rent
$1,004/mo
14% below
US avg: $1,163/mo
Homeownership Rate
54.6%
17% below US avg (65.4%)
Total Housing Units
6,043
Median year built: 1967
Home Value by Source
Census Median
$146,100
Zillow (ZHVI)
$198,821
Median Sale Price
$163,750
Median List Price
$254,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
54.6%
Owner-Occupied
45.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent:
$1,004/mo
· Zillow rent:
$1,200/mo
Market Indicators (Redfin)
Median Days on Market
26 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
6
Price Drops
15.5%
of listings with price reduction
Price Per Sq Ft
$122
Active Inventory
71
homes for sale
Affordability & Housing Stock
Rent Burden
31.3%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
54.6%
Complete Housing Data
Home Values
| Census Median Value | $146,100 |
| Zillow Home Value (ZHVI) | $198,821 |
| Median Sale Price | $163,750 |
| Median List Price | $254,500 |
| Price Per Sq Ft | $122 |
Rent
| Census Median Rent | $1,004 |
| Zillow Rent (ZORI) | $1,200 |
| FMR Studio | $887 |
| FMR 1-Bedroom | $935 |
| FMR 2-Bedroom | $1,149 |
| FMR 3-Bedroom | $1,497 |
| FMR 4-Bedroom | $1,733 |
Market
| Days on Market | 26 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 15.5% |
| Homes Sold | 6 |
| Active Inventory | 71 |
| Price Per Sq Ft | $122 |
Ownership & Stock
| Owner-Occupied | 54.6% |
| Renter-Occupied | 45.4% |
| Homeownership Rate | 54.6% |
| Total Housing Units | 6,043 |
| Median Year Built | 1967 |
| Rent Burden | 31.3% |