Pampa, TX Housing Market
AI-powered market intelligence for the Pampa, TX metro area.
PropertyIQ Scores
Pampa, TX Market Analysis
Market Overview
Pampa, TX has a PropertyIQ Score of 80 out of 100, indicating a generally healthy housing market with meaningful affordability advantages. The median home value is $107,152, significantly below the state average of $299,367. The local rent index of $1,150 is also below the state benchmark of $1,339, and the unemployment rate is 4.5%, matching the state average exactly. Median household income is $56,658, below the state average of $76,292, but the much lower home values help offset that income gap.
The score is supported by positive home value momentum: 7.53% over the past 12 months and 1.92% over the past 3 months. Median days on market are 75, and 14.0% of listings have had a price cut. These indicators point to steady demand rather than an overheated market. With 120 homes for sale, Pampa offers a measurable but not extreme level of inventory. Compared with state benchmarks, Pampa looks like a moderate-to-strong market built on affordability and stable, if not rapid, turnover.
Key Trends
One trend is positive but moderating price momentum. The 12-month home value momentum reading is 7.53%, while the 3-month reading is 1.92%. In dollar terms, the listed year-over-year home value change is $7, a small nominal figure that appears alongside stronger percentage-based momentum. The 3-month gain of 1.92% suggests recent growth has continued, though at a measured quarterly pace.
A second trend is deep affordability relative to the state. The median home value of $107,152 is about 36% of the state median of $299,367. The local median household income of $56,658 is about 74% of the state median of $76,292, meaning home prices are far lower relative to incomes than in the state overall. A simple price-to-income comparison puts Pampa at roughly 1.9 times median income, compared with roughly 3.9 times for the state benchmark.
A third trend is an investor-friendly rent-to-value profile. The rent index is $1,150 per month, or about $13,800 per year, against a median home value of $107,152. That is a much higher gross rental yield than the state picture, where the $1,339 rent index against the $299,367 median home value produces a far lower yield. This gap may draw cash-flow-focused investors.
A fourth trend is a balanced sales pace. Median days on market are 75, and 14.0% of listings have a price cut. That level of price cutting indicates sellers are adjusting to buyer expectations, but it is not extreme. With 120 homes for sale and unemployment at 4.5%, the market appears stable and functioning without severe supply or demand distress.
Who Is This Market For
This market is well suited to first-time buyers and budget-conscious households. The median home value of $107,152 is far below the state average of $299,367, and the local median household income of $56,658 supports a much more affordable price-to-income ratio. Buyers who might be priced out of larger Texas markets may find entry-level opportunities here, especially with 75 days on market and a 14.0% share of listings with price cuts providing some room for negotiation.
Pampa also fits investors seeking rental income. The rent index of $1,150 per month compares favorably to the median home value of $107,152, producing a stronger gross yield than the state benchmark combination of a $1,339 rent index and a $299,367 median home value. The 120 homes for sale and moderate days on market mean investors can evaluate options without the extreme competition found in faster-moving markets.
The market may be less suited to buyers looking for luxury or high-priced properties, since the median home value sits well below the state median. However, local residents and remote workers with stable income may benefit from lower carrying costs. The unemployment rate of 4.5%, equal to the state average, adds a degree of economic stability.
Outlook
The data points toward a steady, affordability-driven market with modest momentum. The 12-month home value momentum of 7.53% and the 3-month gain of 1.92% indicate that prices have been moving upward, while median days on market of 75 and a price-cut share of 14.0% suggest the market remains balanced rather than speculative. With 120 homes for sale and unemployment at 4.5%, there is enough activity to support transactions without signs of extreme tightening.
Income levels are below the state average, which may limit how quickly prices can accelerate, but the low median home value of $107,152 leaves room for affordability. Population growth data is not provided, so the demand outlook cannot be fully assessed. Based on the available metrics, Pampa is positioned as a stable market with positive price movement and strong affordability, likely to remain attractive to value-focused buyers and investors if current trends continue.
AI-generated analysis based on current market data. Last updated September 24, 2026.
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Pampa, TX market data
Pampa, TX Housing Market Overview
Pampa, TX's median home value is $107K, up 7.5% over the past year. Homes here sell in a median 75 days. Its PropertyIQ Score of 80 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Pampa, TX area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across TX and every other US state.
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, Pampa, TX's PropertyIQ Score of 80 ranks among the South Central's stronger demand signals.
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.
Each month, PropertyIQ updates its score for Pampa, TX using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been positive, with home values up 7.5% over the past year.
Explore the interactive map to see how Pampa, 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 Pampa, TX metro area
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Market data through August 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 Pampa, 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. Pampa, TX currently scores 80, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $107K, up 7.5% over the past year. So whether Pampa, 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 Pampa, TX?
Pampa, TX's PropertyIQ Score is 80, indicating strong 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 80 places Pampa, TX above its state benchmark.
Are home prices in Pampa, TX rising or falling?
Home prices in Pampa, TX are rising. Over the past year, the median home value increased 7.5%, reaching $107K. Over the latest three months, values moved up 1.9%, a sign near-term demand remains firm. 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 Pampa, 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 Pampa, TX?
In Pampa, TX, homes sell in a median of 75 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 14% 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 Pampa, TX market data is refreshed on a monthly cycle, with the latest figures current through August 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.