Market Overview
Home Prices in Wallis, TX
The median home value in Wallis, TX is $227,428 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.3% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wallis are priced45% below average. Wallis is part of the Houston-The Woodlands-Sugar Land, TX metro area.
Over the past five years, Wallis home values have risen by approximately15.3%, reflecting steady appreciation in this market.
Price History
Wallis Home Price Trend
City Comparison
Wallis vs. National Median
At $227,428, homes in Wallis cost 45% below the national median of $410,000. This makes Wallis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wallis?
20% Down Payment
$45,486
on $227,428
Monthly P&I
$1,186/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,506/mo
incl. taxes & insurance
Income Needed
$60,240
gross annual (30% rule)
10% Down Option
$22,743
+ PMI applies
Loan Amount (20% dn)
$181,942
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 Wallis, TX?
The median home value in Wallis is $227,428 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.3% year-over-year.
How much have home prices changed in Wallis?
Over the past year, home values in Wallis have decreased by 4.3%. Over five years, prices have risen approximately 15.3%.
How much do I need to earn to buy a home in Wallis?
To comfortably afford the median home price of $227,428 with a 20% down payment ($45,486) at today's rates (6.8%), you'd need a gross annual income of approximately $60,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Wallis compare to the national average home price?
The national median home value is approximately $410,000. At $227,428, homes in Wallis are 45% below the national average.
What metro area is Wallis part of?
Wallis is part of the Houston-The Woodlands-Sugar Land, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.