Market Overview
Home Prices in Wake Village, TX
The median home value in Wake Village, TX is $206,088 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wake Village are priced50% below average. Wake Village is part of the Texarkana, TX-AR metro area.
Over the past five years, Wake Village home values have risen by approximately23.9%, reflecting strong long-term appreciation in this market.
Price History
Wake Village Home Price Trend
City Comparison
Wake Village vs. National Median
At $206,088, homes in Wake Village cost 50% below the national median of $410,000. This makes Wake Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wake Village?
20% Down Payment
$41,218
on $206,088
Monthly P&I
$1,075/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,365/mo
incl. taxes & insurance
Income Needed
$54,600
gross annual (30% rule)
10% Down Option
$20,609
+ PMI applies
Loan Amount (20% dn)
$164,870
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 Wake Village, TX?
The median home value in Wake Village is $206,088 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Wake Village?
Over the past year, home values in Wake Village have increased by 4.2%. Over five years, prices have risen approximately 23.9%.
How much do I need to earn to buy a home in Wake Village?
To comfortably afford the median home price of $206,088 with a 20% down payment ($41,218) at today's rates (6.8%), you'd need a gross annual income of approximately $54,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Wake Village compare to the national average home price?
The national median home value is approximately $410,000. At $206,088, homes in Wake Village are 50% below the national average.
What metro area is Wake Village part of?
Wake Village is part of the Texarkana, TX-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.