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New Home, TX

Full City Profile · Texas · Lynn County County

3.0 /5.0
B Good
355 Population 355/sq mi density
$56,563 Median Income $26,700 per capita
$148,400 Home Value $269,291 Zillow
62°F Avg Temperature 328 sunny days/yr
195 Violent Crime/100K 1,094 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$56,563 median income, 7.0% unemployment
A+
Affordability
5.0 / 5.0
$148,400 home value, /mo rent
F
Safety
1.0 / 5.0
195 violent crimes/100K
B
Education
3.3 / 5.0
28.4% bachelor's degree or higher

Housing Overview

Median Home Value
$148,400
47% below
US avg: $281,900
Homeownership Rate
76.6%
17% above US avg (65.4%)
Total Housing Units
147
Median year built: 1968

Home Value by Source

Census Median
$148,400
Zillow (ZHVI)
$269,291
Median Sale Price
$579,500
Median List Price
$342,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

76.6%
Owner-Occupied
23.4%
Renter-Occupied
77%
23%
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

Market Indicators (Redfin)

Median Days on Market
78 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$221
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
9.0%
of renters spending 30%+ of income on housing
71% below US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
76.6%

Complete Housing Data

Home Values

Census Median Value$148,400
Zillow Home Value (ZHVI)$269,291
Median Sale Price$579,500
Median List Price$342,000
Price Per Sq Ft$221

Rent

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 Market78
Sale-to-List Ratio0.0%
Price Drops0.0%
Homes Sold1
Active Inventory3
Price Per Sq Ft$221

Ownership & Stock

Owner-Occupied76.6%
Renter-Occupied23.4%
Homeownership Rate76.6%
Total Housing Units147
Median Year Built1968
Rent Burden9.0%