Kerrville, TX Housing Market
AI-powered market intelligence for the Kerrville, TX metro area.
PropertyIQ Scores
Kerrville, TX Market Analysis
Market Overview
Kerrville, TX presents a weak housing market according to its PropertyIQ Score of 12 out of 100. The score is shaped by top drivers including a 12-month home value momentum of 2.24%, a 3-month home value momentum of -1.14%, a median days-on-market figure of 77 days, and a share of listings with a price cut of 20.9%. While the 12-month momentum is positive, the 3-month momentum is negative and the median home value is down $8 year over year, which suggests that earlier price strength is fading.
The median home value in Kerrville is $373,324, well above the Texas state average of $301,806. The rent index is also elevated at $1,909 compared with the state average of $1,339. However, the median household income is $67,927, below the state average of $76,292. This creates an affordability mismatch: home prices and rents are higher than statewide benchmarks, but local incomes are lower. The unemployment rate is 4.4%, matching the state average, so employment conditions do not appear to explain the weak property score.
With 467 homes for sale, a median 77 days on market, and more than one in five listings cutting prices, Kerrville is currently a buyer-friendly environment. The combination of weak momentum, elevated time on market, and high prices relative to income supports an overall weak market position.
Key Trends
The first trend is cooling price momentum. The 12-month home value momentum of 2.24% shows modest gains over the past year, but the 3-month momentum of -1.14% and the year-over-year median home value change of -$8 suggest that price growth has stalled or reversed in the near term.
The second trend is slower sales and more seller concessions. The median days on market is 77 days, and 20.9% of listings have had a price cut. With 467 homes for sale, inventory is substantial enough that buyers face less urgency, and sellers are adjusting prices to attract offers.
The third trend is an affordability gap. The median home value of $373,324 is about $71,518 above the state average, while the median household income of $67,927 is about $8,365 below the state average. The rent index of $1,909 is $570 above the state average of $1,339. Housing costs are therefore high relative to local earning power.
A fourth trend is a relatively high rental market. The rent index of $1,909 is well above the state average, which could point to rental demand or limited rental supply. However, population growth data is not available, so the underlying demographic pressure cannot be verified from the provided metrics.
Who Is This Market For
Given the weak score and affordability mismatch, Kerrville may be better suited for buyers with existing equity, higher incomes, or outside capital rather than first-time buyers relying on the median household income of $67,927. With a median home value of $373,324, local first-time buyers may find it harder to qualify for a mortgage than in many parts of Texas, where the state median home value is $301,806.
Investors may be drawn to the rent index of $1,909, which is significantly above the state average of $1,339. If that rent level is sustainable, it could support a buy-and-hold rental strategy. However, the weak price momentum, 77 days on market, and 20.9% price-cut share mean investors should not expect strong short-term appreciation. The investment case here would depend more on rental cash flow than on home value growth.
Buyers looking for negotiating power may find opportunities in Kerrville. With more than one in five listings reducing price and homes spending 77 days on market on average, there is less competition than in a fast-moving market. Sellers and move-up buyers, by contrast, may need to prepare for longer sale timelines and pricing flexibility.
Outlook
The near-term outlook for Kerrville is cautious. The 3-month home value momentum of -1.14%, the year-over-year median home value change of -$8, and the 20.9% share of listings with price cuts all point to flat or slightly softening prices. The median days on market of 77 days suggests homes are not moving quickly, which may keep inventory elevated and maintain buyer negotiating power. The 12-month home value momentum of 2.24% does show some longer-term stability, and the unemployment rate of 4.4% matches the state average, indicating a stable labor market. However, with median household income below the state average and population growth data unavailable, there is little in the current metrics to support a rapid rebound. The most likely path is a slow, buyer-friendly market until price momentum and time-on-market metrics improve.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Kerrville, TX market data
Kerrville, TX Housing Market Overview
Kerrville, TX's median home value is $373K, up 2.2% over the past year. Homes here sell in a median 77 days. Its PropertyIQ Score of 12 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The Kerrville, TX metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, Kerrville, TX's PropertyIQ Score of 12 runs below the South Central norm.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
The PropertyIQ Score for the Kerrville, TX market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 2.2% over the past year.
Explore the interactive map to see how Kerrville, TX compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Kerrville, TX metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Kerrville, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Kerrville, TX currently scores 12, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $373K, up 2.2% over the past year. So whether Kerrville, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Kerrville, TX?
Kerrville, TX's PropertyIQ Score is 12, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 12 places Kerrville, TX below its state benchmark.
Are home prices in Kerrville, TX rising or falling?
Home prices in Kerrville, TX are rising. Over the past year, the median home value increased 2.2%, reaching $373K. Over the latest three months, values slipped 1.1%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Kerrville, TX's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Kerrville, TX?
In Kerrville, TX, homes sell in a median of 77 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 21% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Kerrville, TX market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.