Del Rio, TX 78840 Real Estate Market Report

ZIP Code: 78840
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Del Rio, TX 78840 market are approximately 6.25%, which is higher than the sub-6% rates observed in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood’s primary market-value indicator is the median sold price of 204,500, which reflects recent transaction activity; given the reported down price year-over-year trend and a cold market temperature, recent sales suggest downward pricing pressure and increased seller concessions may be required to close deals.

2. The median price per square foot is 81.62, which—combined with the median sold price of 204,500—indicates pricing that may be attractive for value buyers, while the market’s cold temperature suggests slower sales velocity and negotiation leverage for purchasers.

3. Rental fundamentals show a median market rent of 1,250 and a rent year-over-year trend of down, signaling that rental income expectations have softened and investor return profiles should be modeled conservatively.

4. Interest-rate dynamics are a headwind: interest rate pressure is reported as elevated and local 30-year fixed mortgage rates are approximately 6.25%, which is higher than sub-6% rates observed earlier in 2026; this combination may suppress purchase power and prolong time-to-contract, reinforcing the observed cold market conditions.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.