Market Overview
Home Prices in Kermit, TX
The median home value in Kermit, TX is $143,382 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.4% compared to a year ago and down 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kermit are priced65% below average.
Over the past five years, Kermit home values have fallen by approximately11.0%, reflecting softening conditions in this market.
Price History
Kermit Home Price Trend
2020
$134,667
$135K
—
2021
$161,158
$161K
+19.7%
2022
$153,616
$154K
-4.7%
2023
$125,588
$126K
-18.2%
2024
$130,733
$131K
+4.1%
2025
$125,370
$125K
-4.1%
2026
$143,382
$143K
+14.4%
City Comparison
Kermit vs. National Median
🏠 Kermit
$143,382
National Median
$410,000
At $143,382, homes in Kermit cost 65% below the national median of $410,000. This makes Kermit a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kermit?
20% Down Payment
$28,676
on $143,382
Monthly P&I
$748/mo
30-yr @ 6.8%
Total Monthly Est.
~$950/mo
incl. taxes & insurance
Income Needed
$38,000
gross annual (30% rule)
10% Down Option
$14,338
+ PMI applies
Loan Amount (20% dn)
$114,706
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 Kermit, TX?
The median home value in Kermit is $143,382 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.4% year-over-year.
How much have home prices changed in Kermit?
Over the past year, home values in Kermit have increased by 14.4%. Over five years, prices have fallen approximately 11.0%.
How much do I need to earn to buy a home in Kermit?
To comfortably afford the median home price of $143,382 with a 20% down payment ($28,676) at today's rates (6.8%), you'd need a gross annual income of approximately $38,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Kermit compare to the national average home price?
The national median home value is approximately $410,000. At $143,382, homes in Kermit are 65% below the national average.