Killeen, TX Housing Market
AI-powered market intelligence for the Killeen-Temple, TX metro area.
PropertyIQ Scores
Killeen, TX Market Analysis
Market Overview
Killeen’s housing market is best described as weak relative to Texas benchmarks, with a PropertyIQ Score of 11 out of 100. The low score is driven by 12-month home value momentum of 0.50%, 3-month home value momentum of -1.00%, a median days on market of 72 days, and 21.8% of listings with a price cut. Together, these metrics suggest a market where price growth has stalled and sellers are adjusting expectations to attract buyers.
The median home value in Killeen is $251,916, about $49,890 below the Texas median of $301,806. That pricing advantage is partially offset by weaker household economics: median household income is $67,203, compared with the state average of $76,292, and the unemployment rate is 4.8%, above the state average of 4.4%. The rent index is $1,337, essentially equal to the Texas benchmark of $1,339, meaning rental costs are not discounted to the same degree as home values.
Inventory is also notable, with 2,401 homes for sale. Combined with 72 days on market and a price-cut share of 21.8%, the data points to a buyer-leaning environment. Home value year over year is -$3, effectively flat with a slight downward tilt. Population growth data is not available, so the demand picture cannot be fully assessed from migration trends.
Key Trends
First, home price momentum is weak. The 12-month home value momentum is 0.50%, but the 3-month momentum is -1.00%, and the median home value has fallen by $3 year over year. This recent negative move is a key reason the PropertyIQ Score is so low, indicating that shorter-term price trends are softer than the already modest annual figure.
Second, homes are taking longer to sell and sellers are cutting prices. The median days on market is 72 days, and 21.8% of listings have had a price cut. These indicators reflect slower absorption and reduced urgency among buyers. While a Texas-level days on market figure is not provided for comparison, the combination of 72 days on market and more than one in five listings cutting price supports a cautious selling environment.
Third, affordability is mixed. Killeen’s median home value of $251,916 is well below the state median of $301,806, which may create an entry point for buyers. However, median household income is $67,203, below the state average of $76,292, and unemployment is 4.8%, above the state average of 4.4%. The rent index of $1,337 is nearly identical to the state average of $1,339, so renters do not see a significant cost advantage in Killeen relative to Texas as a whole.
Fourth, supply is considerable. There are 2,401 homes for sale, which, alongside 72 days on market and elevated price cuts, suggests inventory is not clearing quickly. The absence of population growth data limits the ability to determine whether this supply is being matched by new household formation.
Who Is This Market For
This market is likely best suited to budget-conscious first-time buyers and long-term rental investors. The median home value of $251,916 is significantly below the Texas median of $301,806, which may lower the barrier to homeownership. However, median household income is $67,203, so some local households may still feel stretched despite the lower home values.
Long-term investors may be drawn to the rent index of $1,337, which is nearly equal to the Texas average of $1,339, because it suggests rental income potential close to state-level norms while acquisition costs are lower. That said, weak price momentum, 72 days on market, and a 21.8% price-cut share mean this is not an ideal environment for short-term flippers or sellers needing a quick sale. The higher unemployment rate of 4.8% also suggests investors should underwrite conservatively for local tenant demand.
Outlook
The near-term outlook for Killeen is cautious. With 3-month home value momentum at -1.00%, year-over-year home value at -$3, and 21.8% of listings reducing price, the data suggests continued softness in prices unless demand picks up. A median of 72 days on market and 2,401 homes for sale indicate that buyers may maintain negotiating power. On the other hand, a median home value of $251,916 compared with the state’s $301,806 could attract value-seeking buyers over time. The local unemployment rate of 4.8% and median household income of $67,203 may limit how quickly that demand materializes. Without population growth data, any stronger conclusion about long-term demand would require additional information.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Killeen, TX market data
Killeen, TX Housing Market Overview
Killeen, TX's median home value is $252K, up 0.5% over the past year. Homes here sell in a median 72 days. Its PropertyIQ Score of 11 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
PropertyIQ tracks the Killeen, TX housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this TX market is set to perform against its state benchmark.
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, Killeen, TX's PropertyIQ Score of 11 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 Killeen, 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 0.5% over the past year.
Use PropertyIQ's interactive analytics to compare Killeen, TX against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Killeen, TX metro area
ZIP codes in the Killeen, 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 Killeen, 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. Killeen, TX currently scores 11, 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 $252K, up 0.5% over the past year. So whether Killeen, 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 Killeen, TX?
Killeen, TX's PropertyIQ Score is 11, 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 11 places Killeen, TX below its state benchmark.
Are home prices in Killeen, TX rising or falling?
Home prices in Killeen, TX are rising. Over the past year, the median home value increased 0.5%, reaching $252K. Over the latest three months, values slipped 1.0%, 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 Killeen, 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 Killeen, TX?
In Killeen, TX, homes sell in a median of 72 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 22% 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 Killeen, 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.