Market Overview
Home Prices in Wheeler, TX
The median home value in Wheeler, TX is $134,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.8% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wheeler are priced67% below average.
Price History
Wheeler Home Price Trend
2022
$158,716
$159K
—
2023
$132,639
$133K
-16.4%
2024
$125,175
$125K
-5.6%
2025
$119,918
$120K
-4.2%
2026
$134,085
$134K
+11.8%
City Comparison
Wheeler vs. National Median
🏠 Wheeler
$134,085
National Median
$410,000
At $134,085, homes in Wheeler cost 67% below the national median of $410,000. This makes Wheeler a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wheeler?
20% Down Payment
$26,817
on $134,085
Monthly P&I
$699/mo
30-yr @ 6.8%
Total Monthly Est.
~$888/mo
incl. taxes & insurance
Income Needed
$35,520
gross annual (30% rule)
10% Down Option
$13,409
+ PMI applies
Loan Amount (20% dn)
$107,268
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 Wheeler, TX?
The median home value in Wheeler is $134,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.8% year-over-year.
How much have home prices changed in Wheeler?
Over the past year, home values in Wheeler have increased by 11.8%.
How much do I need to earn to buy a home in Wheeler?
To comfortably afford the median home price of $134,085 with a 20% down payment ($26,817) at today's rates (6.8%), you'd need a gross annual income of approximately $35,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Wheeler compare to the national average home price?
The national median home value is approximately $410,000. At $134,085, homes in Wheeler are 67% below the national average.