Market Overview
Home Prices in New Deal, TX
The median home value in New Deal, TX is $134,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.6% compared to a year ago and down 12.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Deal are priced67% below average. New Deal is part of the Lubbock, TX metro area.
Over the past five years, New Deal home values have risen by approximately2.4%, reflecting modest growth in this market.
Price History
New Deal Home Price Trend
City Comparison
New Deal vs. National Median
At $134,447, homes in New Deal cost 67% below the national median of $410,000. This makes New Deal a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Deal?
20% Down Payment
$26,889
on $134,447
Monthly P&I
$701/mo
30-yr @ 6.8%
Total Monthly Est.
~$890/mo
incl. taxes & insurance
Income Needed
$35,600
gross annual (30% rule)
10% Down Option
$13,445
+ PMI applies
Loan Amount (20% dn)
$107,558
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 New Deal, TX?
The median home value in New Deal is $134,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.6% year-over-year.
How much have home prices changed in New Deal?
Over the past year, home values in New Deal have increased by 10.6%. Over five years, prices have risen approximately 2.4%.
How much do I need to earn to buy a home in New Deal?
To comfortably afford the median home price of $134,447 with a 20% down payment ($26,889) at today's rates (6.8%), you'd need a gross annual income of approximately $35,600. This assumes keeping total housing costs at or below 30% of gross income.
How does New Deal compare to the national average home price?
The national median home value is approximately $410,000. At $134,447, homes in New Deal are 67% below the national average.
What metro area is New Deal part of?
New Deal is part of the Lubbock, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.