Market Overview
Home Prices in Electra, TX
The median home value in Electra, TX is $79,482 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.8% compared to a year ago and down 7.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Electra are priced81% below average. Electra is part of the Vernon, TX metro area.
Over the past five years, Electra home values have fallen by approximately6.6%, reflecting softening conditions in this market.
Price History
Electra Home Price Trend
2020
$70,735
$71K
—
2021
$85,112
$85K
+20.3%
2022
$98,695
$99K
+16.0%
2023
$85,868
$86K
-13.0%
2024
$94,048
$94K
+9.5%
2025
$87,178
$87K
-7.3%
2026
$79,482
$79K
-8.8%
City Comparison
Electra vs. National Median
🏠 Electra
$79,482
National Median
$410,000
At $79,482, homes in Electra cost 81% below the national median of $410,000. This makes Electra a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Electra?
20% Down Payment
$15,896
on $79,482
Monthly P&I
$415/mo
30-yr @ 6.8%
Total Monthly Est.
~$527/mo
incl. taxes & insurance
Income Needed
$21,080
gross annual (30% rule)
10% Down Option
$7,948
+ PMI applies
Loan Amount (20% dn)
$63,586
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Electra, TX?
The median home value in Electra is $79,482 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.8% year-over-year.
How much have home prices changed in Electra?
Over the past year, home values in Electra have decreased by 8.8%. Over five years, prices have fallen approximately 6.6%.
How much do I need to earn to buy a home in Electra?
To comfortably afford the median home price of $79,482 with a 20% down payment ($15,896) at today's rates (6.8%), you'd need a gross annual income of approximately $21,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Electra compare to the national average home price?
The national median home value is approximately $410,000. At $79,482, homes in Electra are 81% below the national average.
What metro area is Electra part of?
Electra is part of the Vernon, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.