In Wake Village, a typical home is worth $186,000 and typical rent is $989 a month. Compared with all of Bowie County, typical household income is 20% higher, the typical home value is 8% higher, and the share of households that own their home is 11 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $170,820 to $206,396.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Wake Village is in Bowie 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 Bowie County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Wake Village rose 4.2%; in Texas, it fell 1.4%.
2
Nearby, in Marshall, the typical home value is $141,400: 24% less than in Wake Village ($186,000).
3
The typical household income in Wake Village is $71,574,20% more than in Bowie County as a whole ($59,803).
4
52% of households in Wake Village own their home, against 63% in Bowie County.
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Wake Village
What homes there are in Wake Village, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Wake Village
Bowie County
Texas
United States
Kind of home: Wake Village and its comparisons
Measure
Wake Village
Bowie County
Texas
United States
Detached house
79%
67%
64%
61%
Attached house
Unreliable estimate
1%
3%
6%
Building of 2 to 4
Unreliable estimate
8%
5%
8%
Apartments (5 or more)
Unreliable estimate
11%
21%
19%
Mobile home
Unreliable estimate
13%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Wake Village: 79% of homes, more than in Bowie County (67%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Wake Village
Bowie County
Texas
United States
Year built: Wake Village and its comparisons
Measure
Wake Village
Bowie County
Texas
United States
Before 1960
Unreliable estimate
16%
12%
26%
1960–1979
33%
27%
21%
24%
1980–1999
44%
34%
28%
25%
2000–2009
Unreliable estimate
11%
18%
14%
2010 or later
Unreliable estimate
13%
21%
11%
By age, homes in Wake Village look like those in Bowie County: the typical year built is 1984.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K48%
$200K–$300K31%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Wake Village and its comparisons
Measure
Wake Village
Under $100K
Unreliable estimate
$100K–$200K
48%
$200K–$300K
31%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99950%
$1,000–$1,49942%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Wake Village and its comparisons
Measure
Wake Village
Under $500
Unreliable estimate
$500–$999
50%
$1,000–$1,499
42%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,686 a month
Bowie County: $1,504 a month
Without a mortgage
$641 a month
Bowie County: $519 a month
Owners with a mortgage
49%
Bowie County: 48%
Owning costs more in Wake Village: with a mortgage, the typical cost is $1,686 a month; in Bowie County, $1,504. Without one, $641.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wake Village+39%
Bowie County+45%
Texas+65%
United States+53%
Typical rent
Wake Village+33%
Bowie County+30%
Texas+34%
United States+33%
Typical household income
Wake VillageNo clear change
Bowie County+19%
Texas+27%
United States+29%
Change since 2015–2019: Wake Village and its comparisons
Measure
Wake Village
Bowie County
Texas
United States
Typical home value
+39%
+45%
+65%
+53%
Typical rent
+33%
+30%
+34%
+33%
Typical household income
No clear change
+19%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Wake Village rose 39%; in Bowie County, it rose 45%.
Rents in Wake Village rose faster than in Bowie County: 33% since 2015–2019, against 30%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wake Village and its comparisons
Measure
Wake Village
Bowie County
Texas
United States
Rental vacancy
Unreliable estimate
3.6%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
1.2%
1.1%
0.9%
More than one person per room
Unreliable estimate
3.1%
4.8%
3.4%
People per household
2.58
2.46
2.69
2.53
Drive alone
82%
83%
71%
69%
Carpool
Unreliable estimate
9%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
Unreliable estimate
7%
14%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Wake Village look like those in Bowie County: 2.58 people on average.
In Wake Village, 82% of workers drive alone to work; in Bowie County, 83%.
Do the math
What would you pay each month for a home in Wake Village?
A typical home is within reach of the typical income
We start with a typical home in Wake Village, worth $186,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Wake Village, which is $71,574 a year.
The calculator's FHA and conventional loan limits are those of all of Bowie County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Wake Village. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,510 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,642
at 7.18% · 30 years
Loan amount
$182,631
Total interest
$262,763
Paid off in
November 2056
Includes $3,141 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,670 a month
Your payment · 28%
Tight
$1,670 to $2,147 a month
Hard
more than $2,147 a month
Compared with the typical household income in Wake Village ($71,574 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,237
Property tax
$245
Home insurance
$78
FHA mortgage insurance (MIP)
$82
You need at least $6,510 for the down payment, plus closing costs.
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.
Total monthly payment $1,642; principal and interest $1,237.
The city and its county
Wake Village and Bowie County
Wake Village is in Bowie 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).
Wake Village
Map of Bowie County, Texas, with Wake Village marked. Around it, the neighboring counties.
Wake Village
Bowie County
Other cities with a page
Wake Village's own numbers
Typical home value
$186,000
Typical monthly rent
$989
Typical yearly household income
$71,574
Households that own their home
52%
Effective property tax rate
1.58%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Bowie County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,118
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
2.7%
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 Bowie County.
A typical home in Wake Village is worth $186,000: 8% above the county and 34% below Texas. With the typical household income in Wake Village ($71,574 a year), a typical home costs 2.6 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.
Wake Village2.6 years
Bowie2.9 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Bowie County
According to FHFA’s house price index, home prices in Bowie County rose 72% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Bowie County.
Yearly change in FHFA’s price index in Bowie County, 2016 to 2025
2016: +3.5% +3.5% 2016
2017: +1.2% +1.2% 2017
2018: +2.8% +2.8% 2018
2019: +3.5% +3.5% 2019
2020: +5.7% +5.7% 2020
2021: +10.0% +10.0% 2021
2022: +17.6% +17.6% 2022
2023: +7.6% +7.6% 2023
2024: +3.9% +3.9% 2024
2025: +0.9% +0.9% 2025
Change in FHFA’s price index in Bowie County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+0.9%
+0.8%
+2.9%
5 years (2020–2025)
+46%
+44%
+47%
10 years (2015–2025)
+72%
+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
Wake Village next to Bowie 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
Wake Village$186,000
Bowie$173,000
Texas$283,800
United States$332,700
Typical monthly rent
Wake Village$989
Bowie$988
Texas$1,403
United States$1,413
Typical yearly household income
Wake Village$71,574
Bowie$59,803
Texas$78,476
United States$80,734
See the full table
Wake Village next to Bowie County and Texas
Measure
Wake Village
Bowie County
Texas
U.S.
Typical home value
$186,000 ▲8% above the county
$173,000
$283,800
$332,700
Typical monthly rent
$989
$988
$1,403
$1,413
Typical yearly household income
$71,574 ▲20% above the county
$59,803
$78,476
$80,734
Households that own their home
52% ▼11 points below the county
63%
63%
65%
Typical yearly property tax
$2,941 ▲44% above the county
$2,037
$4,232
$3,119
Effective property tax rate
1.58% ▲0.4 points above the county
1.18%
1.49%
0.94%
Renters with high rent for their income
44% ▼7 points below the county
51%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bowie 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 Wake Village
For a typical $186,000 home in Wake Village, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wake Village's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,642a month
Least cash to close
Down payment
$6,510
Cash to close
$12,090
Rate
7.18%
Mortgage insurance
FHA MIP · $82
Conventional, 5% down$1,608a month
Down payment
$9,300
Cash to close
$14,880
Rate
7.18%
Mortgage insurance
PMI · $88
Conventional, 20% down, no PMI$1,330a month
Down payment
$37,200
Cash to close
$42,780
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,502a month
Down payment
$27,900
Cash to close
$33,480
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wake Village
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,642
$6,510
$182,631
7.18%
FHA MIP · $82
$12,090
580
Conventional, 5% down
$1,608
$9,300
$176,700
7.18%
PMI · $88
$14,880
620*
Conventional, 20% down, no PMI
$1,330
$37,200
$148,800
7.18%
None
$42,780
620*
ITIN, 15% down (example)
$1,502
$27,900
$158,100
8.18%
None
$33,480
Set by the lender
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.
Typical rent in Wake Village is $989 a month: about the same as the county. In Wake Village, 44% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Bowie County, by unit size. To pay the 2-bedroom one ($1,118 a month) without spending more than 30% of your income, you would need to earn $21.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Bowie County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$839
$16.13
$33,560
1 bedroom
$874
$16.81
$34,960
2 bedrooms
$1,118
$21.50
$44,720
3 bedrooms
$1,403
$26.98
$56,120
4 bedrooms
$1,683
$32.37
$67,320
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 Wake Village
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wake Village is in ZIP code 75501.
For 2 bedrooms it is $1,100: $18 less than the fair market rent for Bowie County ($1,118).
Fair market rent by ZIP code and size in Wake Village, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
75501
$830
$860
$1,100
$1,380
$1,660
ZIP code2 bd3 bd
75501 $1,100$1,380
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wake Village 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 Bowie County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Wake Village or Bowie County. The ones below are statewide in Texas: they work in Wake Village the same as in the rest of the state.
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).
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).
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).
The HUD-approved agencies closest to the center of Wake Village, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Wake Village or Bowie County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Wake Village and all of Bowie 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 Wake Village?
The typical home value in Wake Village is $186,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bowie County it is $173,000.
How much does it cost to rent in Wake Village?
Typical rent in Wake Village is $989 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bowie County is $1,118.
What is the FHA loan limit in Wake Village?
Wake Village uses the FHA limit for all of Bowie 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 Wake Village?
The typical homeowner in Wake Village pays $2,941 a year, according to the U.S. Census Bureau. That is 1.58% of the home’s value; in Bowie County, the rate is 1.18%.
Where can I find free help to buy or rent in Wake Village?
We found no HUD-approved counseling agencies with an office in Bowie County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
