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City · 15,244 residents · Palo Pinto County, Texas

Mineral Wells , Texas

In Mineral Wells, a typical home is worth $161,300 and typical rent is $1,077 a month. Compared with all of Palo Pinto County, the typical home value is 19% lower, typical household income is 17% lower, and the share of households that own their home is 12 points lower.

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  • Typical home value

    $161,300

    19% below the county

    43% below Texas

    • Mineral Wells
    • Palo Pinto
    • Texas

  • Typical rent

    $1,077a month

    About the same as the county

    23% below Texas

    • Mineral Wells
    • Palo Pinto
    • Texas

  • Typical household income

    $55,929a year

    17% below the county

    29% below Texas

    • Mineral Wells
    • Palo Pinto
    • Texas

  • Households that own their home

    59%

    12 points below the county

    4 points below Texas

    • Mineral Wells
    • Palo Pinto
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$205,222
about the same as 12 months ago
Typical rent
$1,328 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Mineral Wells is in Palo Pinto County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Palo Pinto County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mineral Wells apart

What this place has that others do not, from public data, most unusual first.

  1. 59% of households in Mineral Wells own their home, against 71% in Palo Pinto County.

  2. The typical home in Mineral Wells is worth $161,300, 19% less than in Palo Pinto County as a whole ($198,000).

  3. The typical household income in Mineral Wells is $55,929, 17% less than in Palo Pinto County as a whole ($67,674).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mineral Wells

What homes there are in Mineral Wells, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Palo Pinto County, most homes in Mineral Wells are detached houses (69%).

Year built

In Mineral Wells, half of the homes were built before 1966; in Palo Pinto County, before 1979.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Palo Pinto County is high ($541,287): at least 98% of owner-occupied homes in Mineral Wells are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,560 a month

Palo Pinto County: $1,795 a month

Without a mortgage

$597 a month

Palo Pinto County: $634 a month

Owners with a mortgage

41%

Palo Pinto County: 39%

In Mineral Wells, 41% of owners have a mortgage, and their typical cost is $1,560 a month, against $1,795 in Palo Pinto County. Without one it drops to $597.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Mineral Wells rose 72% since 2015–2019, less than in Palo Pinto County (85%).

Since 2015–2019, the typical rent in Mineral Wells rose 33%, less than in Palo Pinto County (37%).

To compare: typical income in Mineral Wells rose 33%; the home, +72%; the rent, +33%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMineral WellsPalo Pinto CountyTexasUnited States
Rental vacancy Unreliable estimate6.4%7.7%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room 4.3%4.0%4.8%3.4%
People per household 2.612.582.692.53
Drive alone 77%74%71%69%
Carpool 15%15%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 6%8%14%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 4.3% of households in Mineral Wells live, near the figure in Palo Pinto County (4.0%).

Much as in Palo Pinto County, a household in Mineral Wells has 2.61 people on average.

To get to work, 77% of workers in Mineral Wells drive alone; in Palo Pinto County, 74%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Mineral Wells?

A typical home is tight for the typical income

We start with a typical home in Mineral Wells, worth $161,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Mineral Wells, which is $55,929 a year. For that payment to be 28% of income, a household would need to earn about $59,754 a year.

The calculator's FHA and conventional loan limits are those of all of Palo Pinto County.

Your numbers

Local data
$

Starts at the typical home value in Mineral Wells. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,646 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,394

at 7.18% · 30 years

Loan amount
$158,378
Total interest
$227,869
Paid off in
November 2056

Includes $2,724 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,305 a month

  • Tight

    $1,305 to $1,678 a month

    Your payment · 30%

  • Hard

    more than $1,678 a month

Compared with the typical household income in Mineral Wells ($55,929 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,394
Principal & interest$1,073
Property tax$183
Home insurance$67
FHA mortgage insurance (MIP)$71

You need at least $5,646 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Mineral Wells and Palo Pinto County

Mineral Wells is in Palo Pinto County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Mineral Wells's own numbers

Typical home value
$161,300
Typical monthly rent
$1,077
Typical yearly household income
$55,929
Households that own their home
59%
Effective property tax rate
1.36%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Palo Pinto County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,129
Price change over 5 years (FHFA)
+61%
Homes in a high flood-risk zone
6.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Palo Pinto County.

Everything about Palo Pinto County

Buying

Buying a home in Mineral Wells

A typical home in Mineral Wells is worth $161,300: 19% below the county and 43% below Texas. With the typical household income in Mineral Wells ($55,929 a year), a typical home costs 2.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Mineral Wells 2.9 years
  • Palo Pinto 2.9 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Palo Pinto County

According to FHFA’s house price index, home prices in Palo Pinto County rose 116% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Palo Pinto County.

Period County Texas U.S.
Last year (2025) +3.3% +0.8% +2.9%
5 years (2020–2025) +61% +44% +47%
10 years (2015–2025) +116% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Mineral Wells next to Palo Pinto County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Mineral Wells $161,300
  • Palo Pinto $198,000
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Mineral Wells $1,077
  • Palo Pinto $1,093
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Mineral Wells $55,929
  • Palo Pinto $67,674
  • Texas $78,476
  • United States $80,734
See the full table
Mineral Wells next to Palo Pinto County and Texas
Measure Mineral Wells Palo Pinto County Texas U.S.
Typical home value $161,300 $198,000 $283,800 $332,700
Typical monthly rent $1,077 $1,093 $1,403 $1,413
Typical yearly household income $55,929 $67,674 $78,476 $80,734
Households that own their home 59% 71% 63% 65%
Typical yearly property tax $2,190 $2,204 $4,232 $3,119
Effective property tax rate 1.36% 1.11% 1.49% 0.94%
Renters with high rent for their income 51% 49% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Palo Pinto County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Mineral Wells

For a typical $161,300 home in Mineral Wells, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mineral Wells's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,394a month

    Least cash to close
    Down payment
    $5,646
    Cash to close
    $10,485
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $71

  • Conventional, 5% down $1,365a month

    Down payment
    $8,065
    Cash to close
    $12,904
    Rate
    7.18%
    Mortgage insurance
    PMI · $77

  • Conventional, 20% down, no PMI $1,124a month

    Down payment
    $32,260
    Cash to close
    $37,099
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,273a month

    Down payment
    $24,195
    Cash to close
    $29,034
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Mineral Wells and for Palo Pinto County.

Property tax

Effective rate in Mineral Wells

1.36%of the home’s value each year

$2,190 a year for the typical owner in Mineral Wells.

  • Mineral Wells 1.36%
  • Palo Pinto 1.11%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Palo Pinto County

FEMA does not publish these numbers by city: they are for all of Palo Pinto County.

Homes in the high-risk zone
6.4%
797
Of those, with NFIP insurance
12%
County Texas U.S.
Homes in the high-risk zone 6.4% 4.1% 3.5%
Of those, with NFIP insurance 12% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mineral Wells

Typical rent in Mineral Wells is $1,077 a month: about the same as the county. In Mineral Wells, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Palo Pinto County, by unit size. To pay the 2-bedroom one ($1,129 a month) without spending more than 30% of your income, you would need to earn $21.71 an hour working full time.

HUD fair market rent for all of Palo Pinto County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $858 $16.50 $34,320
1 bedroom $908 $17.46 $36,320
2 bedrooms $1,129 $21.71 $45,160
3 bedrooms $1,563 $30.06 $62,520
4 bedrooms $1,887 $36.29 $75,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Mineral Wells

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mineral Wells is in ZIP code 76067.

For 2 bedrooms it is $1,150: $21 more than the fair market rent for Palo Pinto County ($1,129).

  • 76067 $1,150$1,590

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mineral Wells when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Mineral Wells

HUD lists 6 buildings with rents for lower incomes in Mineral Wells. These are the largest.

  • Mineral Wells Pioneer Crossing 2509 E Hubbard St, Mineral Wells 76067 80 low-income homes · 1 bd: 24 · 2 bd: 48 · 3 bd: 8 · In service since 2010
  • Royal Gardens Mineral Wells 1500 SE Martin Luther King Jr St, Mineral Wells 76067 75 low-income homes · 1 bd: 45 · 2 bd: 30 · In service since 2016
  • Cedar View Apts 1701 Highway 180 W, Mineral Wells 76067 72 low-income homes · 1 bd: 16 · 2 bd: 28 · 3 bd: 28 · In service since 2005
  • Unnamed 201 NE 27th St, Mineral Wells 76067 58 low-income homes · Run by Housing Authority the City of Mineral Wells · Average payment: $482 a month · Average wait: 14 months (940) 325-3327
  • Sandstone Foothills Apartments 402 Brazos Dr, Mineral Wells 76067 40 low-income homes · For older adults, people with disabilities, families, people experiencing homelessness

See all 7 buildings in Palo Pinto County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mineral Wells

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Palo Pinto County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Mineral Wells

No down payment, repair or rent-help program on our list is for Mineral Wells or Palo Pinto County. The ones below are statewide in Texas: they work in Mineral Wells the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Mineral Wells

The HUD-approved agencies closest to the center of Mineral Wells, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Fort Worth Area Habitat for Humanity Inc

    9333 N Normandale St, Fort Worth · 35 miles away · Spanish

    • Budget and credit workshops
    • Pre-purchase counseling
    • and 1 more
    817-926-9219x119

  • Housing Opportunities of Fort Worth

    2500 West Fwy Ste 400, Fort Worth · 42 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (817) 923-9192

  • Housing Channel

    851 Grainger St, Fort Worth · 44 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (817) 924-5091

All counseling agencies in Texas

Help in Spanish near Mineral Wells

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Mineral Wells

HUD’s record names them for Mineral Wells or Palo Pinto County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority the City of Mineral Wells Public housing and Section 8 vouchers (940) 325-3327

One other authority has an office in Palo Pinto County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Mineral Wells, with the typical home value.

Everything about Palo Pinto County Housing in Texas

Neighboring counties

If Palo Pinto County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Mineral Wells.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Mineral Wells

Short answers with the numbers for Mineral Wells and all of Palo Pinto County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Mineral Wells?

The typical home value in Mineral Wells is $161,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Palo Pinto County it is $198,000.

How much does it cost to rent in Mineral Wells?

Typical rent in Mineral Wells is $1,077 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Palo Pinto County is $1,129.

What is the FHA loan limit in Mineral Wells?

Mineral Wells uses the FHA limit for all of Palo Pinto County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Mineral Wells?

The typical homeowner in Mineral Wells pays $2,190 a year, according to the U.S. Census Bureau. That is 1.36% of the home’s value; in Palo Pinto County, the rate is 1.11%.

Where can I find free help to buy or rent in Mineral Wells?

We found no HUD-approved counseling agencies with an office in Palo Pinto County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).