Kingsville, TX Housing Market

Market Overview

Kingsville’s PropertyIQ Score of 47 out of 100 indicates a moderate-to-soft housing market. The score reflects home value momentum, median days on market, and the share of listings with a price cut. The median home value is $148,974, well below the Texas state average of $299,367. Median household income is $57,612, also below the state average of $76,292. The unemployment rate matches the state average at 4.5%, so local labor conditions do not diverge from the state benchmark.

The rental market stands out: Kingsville’s rent index is $1,542, above the Texas average of $1,339. That is notable because home values are far lower than the state median, suggesting rental demand is relatively strong compared with the for-sale market. Inventory numbers are modest but not tight, with 108 homes for sale and median days on market at 65 days. Population growth is not available in the provided data, which limits demographic analysis. Overall, Kingsville is a lower-cost market with cooling price signals and a below-average PropertyIQ Score.

Key Trends

First, home price momentum has softened. The 12-month home value momentum is 3.71%, but the 3-month momentum is -1.08%. The year-over-year median home value change is -$21, essentially flat to slightly negative. This suggests that the positive annual momentum has weakened in the most recent quarter.

Second, purchase prices are comparatively affordable. Kingsville’s median home value of $148,974 is roughly half the state average of $299,367. Relative to income, the local median home value is about 2.6 times the median household income of $57,612, while the state comparison is about 3.9 times the state median income of $76,292. This is a favorable affordability signal, although local incomes remain lower in absolute terms.

Third, the rental market is outperforming the state average. The rent index of $1,542 is above the Texas average of $1,339. Combined with lower home values, this points to a market where rental housing is in relatively stronger demand than for-sale housing.

Fourth, selling conditions are measured. Median days on market is 65, and 14.8% of listings have had a price cut. With 108 homes for sale, these figures align with the negative 3-month price momentum and suggest that buyers have some negotiating power.

Who Is This Market For

This market is likely best suited for budget-conscious first-time buyers and primary-home buyers. A median home value of $148,974 is well below the state average of $299,367, and the local price-to-income ratio is more favorable than the state comparison, even though median household income is lower.

Rental-focused investors may also find the fundamentals interesting because the rent index of $1,542 exceeds the Texas average of $1,339 while home prices are relatively low. However, the PropertyIQ Score of 47, 3-month home value momentum of -1.08%, and 14.8% price-cut share suggest that short-term appreciation is not the main draw.

Move-up buyers or short-term flippers appear less aligned with current conditions. With a year-over-year median home value change of -$21 and soft price momentum, the data points more toward long-term ownership or buy-and-hold rental strategies than quick equity gains.

Outlook

The near-term outlook appears cautious. The 12-month home value momentum of 3.71% shows some annual support, but the 3-month decline of -1.08%, the -$21 year-over-year median home value change, and the 14.8% price-cut share indicate recent softening. Median days on market of 65 and 108 homes for sale suggest a measured pace rather than rapid appreciation. The rent index of $1,542, which is above the state average of $1,339, may provide some stability through rental demand. Without population growth data, however, the demand outlook is incomplete. Overall, the PropertyIQ Score of 47 and current price signals support a moderate-to-soft outlook until short-term momentum improves.