Market Overview
Home Prices in Ovalo, TX
The median home value in Ovalo, TX is $476,499 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ovalo are priced16% above average. Ovalo is part of the Abilene, TX metro area.
Over the past five years, Ovalo home values have risen by approximately34.7%, reflecting strong long-term appreciation in this market.
Price History
Ovalo Home Price Trend
2020
$296,830
$297K
—
2021
$353,829
$354K
+19.2%
2022
$415,413
$415K
+17.4%
2023
$416,722
$417K
+0.3%
2024
$426,917
$427K
+2.4%
2025
$445,825
$446K
+4.4%
2026
$476,499
$476K
+6.9%
City Comparison
Ovalo vs. National Median
🏠 Ovalo
$476,499
National Median
$410,000
At $476,499, homes in Ovalo cost 16% above the national median of $410,000. Buyers in Ovalo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ovalo?
20% Down Payment
$95,300
on $476,499
Monthly P&I
$2,485/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,156/mo
incl. taxes & insurance
Income Needed
$126,240
gross annual (30% rule)
10% Down Option
$47,650
+ PMI applies
Loan Amount (20% dn)
$381,199
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 Ovalo, TX?
The median home value in Ovalo is $476,499 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Ovalo?
Over the past year, home values in Ovalo have increased by 6.9%. Over five years, prices have risen approximately 34.7%.
How much do I need to earn to buy a home in Ovalo?
To comfortably afford the median home price of $476,499 with a 20% down payment ($95,300) at today's rates (6.8%), you'd need a gross annual income of approximately $126,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Ovalo compare to the national average home price?
The national median home value is approximately $410,000. At $476,499, homes in Ovalo are 16% above the national average.
What metro area is Ovalo part of?
Ovalo is part of the Abilene, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.