Market Overview
Home Prices in South Padre Island, TX
The median home value in South Padre Island, TX is $453,093 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and down 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Padre Island are priced11% above average. South Padre Island is part of the Brownsville-Harlingen, TX metro area.
Over the past five years, South Padre Island home values have risen by approximately45.2%, reflecting strong long-term appreciation in this market.
Price History
South Padre Island Home Price Trend
City Comparison
South Padre Island vs. National Median
At $453,093, homes in South Padre Island cost 11% above the national median of $410,000. Buyers in South Padre Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in South Padre Island?
20% Down Payment
$90,619
on $453,093
Monthly P&I
$2,363/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,001/mo
incl. taxes & insurance
Income Needed
$120,040
gross annual (30% rule)
10% Down Option
$45,309
+ PMI applies
Loan Amount (20% dn)
$362,474
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 South Padre Island, TX?
The median home value in South Padre Island is $453,093 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in South Padre Island?
Over the past year, home values in South Padre Island have increased by 5.5%. Over five years, prices have risen approximately 45.2%.
How much do I need to earn to buy a home in South Padre Island?
To comfortably afford the median home price of $453,093 with a 20% down payment ($90,619) at today's rates (6.8%), you'd need a gross annual income of approximately $120,040. This assumes keeping total housing costs at or below 30% of gross income.
How does South Padre Island compare to the national average home price?
The national median home value is approximately $410,000. At $453,093, homes in South Padre Island are 11% above the national average.
What metro area is South Padre Island part of?
South Padre Island is part of the Brownsville-Harlingen, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.