The story of this market
The typical home in Wallis, Texas sells for about $238,000, or $186 per square foot.
Prices are roughly flat from a year ago (-0.73%), a market in balance. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,300 a month.
Monthly price momentum
Home values since 2015
+1.1%
TX · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Wallis, Texas
The Wallis housing market is currently stable with low transaction volume and modest price fluctuations. Market activity is driven by local demand and its role as a commuter-friendly, affordable alternative to the Houston metro area. Some data points, such as specific tax history, are not currently published for this municipality.
No ARED county foreclosure postings attributed to Wallis yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 25.9% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A local community space providing basic recreational facilities for residents.
Wallis is best suited for families and individuals seeking a quiet, rural-adjacent lifestyle who are comfortable with a longer commute to major employment hubs.
The city is served by the Brazos Independent School District, which provides public education for the local community.
The city is primarily accessed via State Highway 36, which serves as the main corridor for local traffic and regional commuting.
Wallis offers local community parks and proximity to rural outdoor activities, with limited large-scale commercial entertainment within city limits.
The rental market is characterized by limited inventory, primarily consisting of single-family homes, with rents reflecting the broader regional cost of living.
The local economy is primarily driven by small businesses, agriculture, and services, with many residents commuting to the Houston metropolitan area for employment.
Economic growth is modest, with the city maintaining a small-town character while serving as a residential base for commuters to the broader Houston metro area.
There are no major large-scale commercial or residential developments currently under construction that would significantly alter the city's footprint.
Parcels in Wallis are subject to property taxes from the city, Austin County, and the Brazos Independent School District.
Wallis is located in a region susceptible to heavy rainfall and potential flooding, typical of the Brazos River basin area.
Property insurance premiums in the area are influenced by regional flood risk and the general climate profile of the Texas Gulf Coast.
The city of Wallis levies property taxes to fund municipal operations, with rates determined by the city council and the Austin County appraisal district.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical -0.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.