Andrews, TX Housing Market

Market Overview

Andrews, TX presents as a moderate housing market, with a PropertyIQ Score of 70 out of 100. The score places it in a stable but not overheated position. The median home value in Andrews is $267,555, which is below the state average of $299,367. The rent index is $1,274, compared with the state average of $1,403, and the median household income is $72,242, below the state average of $78,476. The unemployment rate is 4.5 percent, matching the state benchmark exactly.

The market’s top score drivers point to a mixed picture. Twelve-month home value momentum is 9.64 percent, while three-month momentum is 0.86 percent. This suggests that values moved higher over the past year but have slowed more recently. Median days on market is 58, and 22.4 percent of listings have had a price cut. Homes for sale total 93. These figures indicate a market that is active enough to move listings, but not so competitive that sellers can avoid price adjustments.

Compared with state benchmarks, Andrews is generally more affordable on price but also has lower incomes. The median home value is about $31,812 below the state average, while median household income is about $6,234 below. That gap means home prices are lower by a wider margin than incomes, which may support relative affordability for local buyers. Overall, the data positions Andrews as a moderate market rather than a strong or weak one.

Key Trends

First, home value momentum is positive over the longer term but cooling in the short term. The 12-month home value momentum of 9.64 percent is the strongest score driver, but the 3-month momentum of 0.86 percent indicates a meaningful slowdown. The year-over-year home value change of -$24 reinforces that prices have essentially flattened, with no significant annual gain or loss.

Second, market pace and inventory suggest balanced-to-buyer-friendly conditions. With 93 homes for sale and a median days on market of 58, homes are not moving at an extreme pace. At the same time, 22.4 percent of listings have seen a price cut, meaning roughly one in five sellers has adjusted pricing downward. This points to some negotiation room for buyers without signaling a distressed market.

Third, affordability is relatively favorable but not dramatically different from the state. Andrews has a median home value of $267,555, which is lower than the state average of $299,367. Median household income is also lower at $72,242 versus $78,476. Because the home value gap is larger than the income gap, local buyers may find slightly better affordability than the state comparison alone would suggest.

Fourth, the rental market is lower-cost but aligned with local home values. The rent index of $1,274 is $129 below the state average of $1,403. For investors, that means lower potential rent collection, but it also matches a lower median home value. The unemployment rate of 4.5 percent matches the state average, indicating labor market stability.

Who Is This Market For

This market appears suitable for first-time buyers and moderate-risk investors. First-time buyers may benefit from a median home value of $267,555, which is below the state average, and from a market where 22.4 percent of listings have price cuts and the median days on market is 58. Those conditions can create time and pricing room to enter. However, median household income is also below the state average at $72,242, so buyers should evaluate local income levels when budgeting.

Buy-and-hold investors may find Andrews workable but not aggressive. The rent index of $1,274 is below the state average of $1,403, meaning cash flow may be lower than in higher-rent Texas markets. But the lower median home value of $267,555 can reduce acquisition costs. A 22.4 percent share of listings with a price cut may provide opportunities to negotiate better entry prices. The absence of population growth data makes it harder to assess future rental demand, but unemployment matching the state at 4.5 percent and a moderate days on market of 58 suggest a stable, if not rapidly expanding, tenant pool.

Move-up buyers may find fewer reasons to act quickly, given three-month momentum of 0.86 percent and a year-over-year home value change of -$24. The market does not currently show strong short-term appreciation signals, so buyers looking for rapid equity gains may need to be patient.

Outlook

The data supports a stable-to-cooling outlook for Andrews. Twelve-month home value momentum of 9.64 percent shows that the market has had recent appreciation, but the 3-month momentum of 0.86 percent and the -$24 year-over-year home value change indicate that price growth has slowed to roughly flat. With median days on market at 58 and 22.4 percent of listings with a price cut, sellers are likely to continue adjusting to buyer demand. Inventory of 93 homes for sale is not extremely high, but it gives buyers options. The lack of population growth data limits any demand-side projection. With unemployment at 4.5 percent, matching the state average, and income and rent levels below state benchmarks but broadly aligned with lower home values, Andrews appears positioned for continued moderate activity rather than a sharp upswing or downturn. If the recent quarterly slowdown persists, price movement may remain flat or slightly soft; if longer-term momentum returns, the market could firm.