Del Rio, TX 78840 Real Estate Market Report

ZIP Code: 78840
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Del Rio, TX are averaging 6.36% compared to 6.10% in early 2026, indicating property owners who originated loans then secured a more favorable rate.

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. Median sold price $251,000 denotes the representative recent sale level; with price momentum reported up, consider modestly tightening seller price expectations on well‑positioned listings to capture current appreciation signals.

2. Median days on market 472 days indicates prolonged sales cycles; sellers should be prepared for extended marketing windows and price/condition adjustments to improve liquidity.

3. Median price per square foot $103.63727219777539 provides a concrete pricing band for comps; use it as a baseline when underwriting offers but verify condition and lot factors before matching list price to this per‑sqft level.

4. Median market rent $1,795.829 combined with a rent year‑over‑year trend down suggests limited near‑term rental upside; investors should stress‑test cash flow assumptions against stable-to‑weaker rent scenarios.

5. Property tax rate 1.34% and reported elevated interest rate pressure (local 30‑year averages 6.36% vs 6.10%) together increase holding costs and financing sensitivity—factor higher financing costs into offer strategies and time‑to‑close expectations.

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Notable Properties

The following 8 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.