Texarkana, TX Housing Market

Market Overview

Texarkana’s PropertyIQ Score of 53 out of 100 places it in a moderate market position. The score is neither strongly favoring buyers nor sellers, and it reflects a mix of modest price growth, slower-than-average turnover, and some negotiation in listings. The median home value of $184,784 is well below the Texas state average of $225,822, which means the market offers a relatively lower-cost entry point compared with the state as a whole. At the same time, the median household income of $55,046 is below the state average of $58,773, so local affordability is improved on home prices but still constrained by lower incomes.

The top score drivers help explain the 53 score. Home value momentum over 12 months is 5.37%, and the 3-month momentum is 1.42%, indicating that prices have been moving upward but at a moderate pace. Median days on market sit at 82 days, and 17.3% of listings have had a price cut, which suggests a market where homes take time to sell and some sellers are adjusting expectations. With 559 homes for sale, there is a visible level of inventory. Compared with state benchmarks, Texarkana’s unemployment rate of 4.4% is slightly above the state average of 4.1%, while its rent index of $1,269 is notably higher than the state average of $914.

Overall, this is a moderate market with an affordability advantage on home prices and a rental income component that stands out relative to the state, but it is tempered by slower sales activity and modest income levels.

Key Trends

One clear trend is moderate home price momentum. The 12-month home value momentum of 5.37% and 3-month momentum of 1.42% show that values are increasing, but the pace is measured rather than aggressive. The reported year-over-year home value change is $8, which as provided is a very small nominal dollar gain. This suggests that while momentum indicators point upward, the market is not experiencing rapid price escalation.

A second trend is relative home price affordability. Texarkana’s median home value of $184,784 is about $41,000 below the Texas state average of $225,822. Because the local median household income of $55,046 is also below the state average of $58,773, the affordability picture is mixed. The lower home prices help buyers, but lower local incomes mean that purchasing power is not dramatically stronger than the state benchmark.

A third trend is the rental market strength. The rent index of $1,269 is $355 above the Texas state average of $914. This is notable because local home values are lower than the state average while rents are higher, which can make rental properties more attractive from an income perspective. However, the unemployment rate of 4.4% is slightly above the state average of 4.1%, so rental demand may face some local economic softness.

A fourth trend is slower sales velocity and some negotiability. Median days on market are 82 days, and 17.3% of listings have had a price cut. With 559 homes for sale, the market is not showing signs of ultra-tight inventory. Buyers appear to have time to compare options, and sellers may need to be flexible on price or terms. This pace aligns with the moderate PropertyIQ Score of 53.

Who Is This Market For

This market is likely suited for budget-conscious first-time buyers who want a home priced below the Texas state average. The median home value of $184,784 provides a lower purchase price than the state average of $225,822, and the moderate score suggests buyers can take time and negotiate. The 82-day median time on market and 17.3% share of listings with price cuts may give first-time buyers some leverage, although local incomes are below the state average, so affordability still requires careful budgeting.

Texarkana may also appeal to rental property investors. The rent index of $1,269 is significantly above the state average of $914, while the median home value is below the state average. This combination can support stronger rental yields relative to Texas as a whole. However, investors should note the 4.4% unemployment rate and the moderate pace of sales, which may affect tenant stability and exit timelines.

Move-up buyers could find opportunities here because home values are relatively low and there is inventory available. The trade-off is that selling an existing home may take time, as reflected by the 82-day median days on market and 17.3% of listings with price cuts. This market is less suited to buyers or investors looking for rapid price appreciation or fast flips, given the modest momentum and slower sales pace.

Outlook

The data points toward a stable but moderate outlook for Texarkana. The 12-month home value momentum of 5.37% and the 3-month momentum of 1.42% indicate that prices are still moving upward, but the pace is not overheated. With median days on market at 82 days and a 17.3% share of listings with price cuts, the market is likely to remain balanced rather than shift sharply in favor of sellers. The affordability gap between Texarkana’s median home value of $184,784 and the state average of $225,822 may continue to attract buyers, but the slightly higher unemployment rate of 4.4% and lower median household income of $55,046 could keep demand moderate. Population growth data is not available, so that demographic factor cannot be assessed. Overall, the metrics support a cautiously steady outlook rather than a boom or a downturn.