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Pelican Bay, TX
Full City Profile · Texas · Tarrant County County
3.2
/5.0
B
Good
2,271
Population
3,390/sq mi density
$57,105
Median Income
$23,224 per capita
$140,000
Home Value
$328,641 Zillow
$1,299
Median Rent
31.5% income on rent
64°F
Avg Temperature
330 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$57,105 median income, 5.8% unemployment
A+
Affordability
5.0 / 5.0
$140,000 home value, $1,299/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
2.0 / 5.0
11.9% bachelor's degree or higher
Housing Overview
Median Home Value
$140,000
50% below
US avg: $281,900
Median Rent
$1,299/mo
12% above
US avg: $1,163/mo
Homeownership Rate
62.2%
5% below US avg (65.4%)
Total Housing Units
848
Median year built: 1995
Home Value by Source
Census Median
$140,000
Zillow (ZHVI)
$328,641
Median Sale Price
$250,000
Median List Price
$158,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.2%
Owner-Occupied
37.8%
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:
$1,299/mo
Market Indicators (Redfin)
Median Days on Market
17 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
31.8%
of listings with price reduction
Price Per Sq Ft
$186
Active Inventory
22
homes for sale
Affordability & Housing Stock
Rent Burden
31.5%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1995
Average age of housing stock: 31 years
Homeownership Rate
62.2%
Complete Housing Data
Home Values
| Census Median Value | $140,000 |
| Zillow Home Value (ZHVI) | $328,641 |
| Median Sale Price | $250,000 |
| Median List Price | $158,000 |
| Price Per Sq Ft | $186 |
Rent
| Census Median Rent | $1,299 |
| 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 | 17 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 31.8% |
| Homes Sold | 1 |
| Active Inventory | 22 |
| Price Per Sq Ft | $186 |
Ownership & Stock
| Owner-Occupied | 62.2% |
| Renter-Occupied | 37.8% |
| Homeownership Rate | 62.2% |
| Total Housing Units | 848 |
| Median Year Built | 1995 |
| Rent Burden | 31.5% |