Mineral Wells, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mineral Wells, Texas rental market.
Mineral Wells, Texas
Average Apartment Rent
$1,221
Y-o-Y Change in Average
Apartment Rent
7.4%
As of March 2026
Compared to a year ago, Mineral Wells, Texas apartments have recorded a 7.4% rent increase.
Mineral Wells, Texas Average apartment rent trend
Mineral Wells, Texas Average Apartment Rent
Mineral Wells, Texas Apartment rent ranges
At 76.71%, apartments priced $1,000 - $1,500 represent the bulk of Mineral Wells, Texas rentals, while condos priced Under $1,000 hold the lowest share of the market – 7.53%.
Mineral Wells, Texas Housing tenure**
Renters take up 41% of Mineral Wells, Texas real estate, occupying a total of 2,156 units, while homeowners live in 3,053 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$43,284
Average household size of renter-occupied housing units**
2.83
Rental vacancy rate**
2.7%
Mineral Wells, Texas Renter-occupied housing units by no. of bedrooms**
There are 981 rentals in Mineral Wells, Texas with 2 beds making up the highest share of the market, at 46%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 53 units. Overall, the median number of rooms in Mineral Wells, Texas homes for rent is 4.6.
Mineral Wells, Texas Renter-occupied units by age of householder**
Most condos for rent in Mineral Wells, Texas are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Mineral Wells, Texas Renter-occupied housing units by family type**
Mineral Wells, Texas Renter-occupied housing units by the presence of own children**
A total of 1,218 apartments for rent in Mineral Wells, Texas, or 56% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 720 units. All in all, the median size of a renter-occupied household in Mineral Wells, Texas is 2.83.
Mineral Wells, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Mineral Wells, Texas.
Mineral Wells, Texas Renter-occupied units by year structure built**
The highest share of Mineral Wells, Texas apartment rentals, namely 18% or 386 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (17%, 362 units), and the ones Built 1950 - 1959 (12%, 254 units).
Mineral Wells, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mineral Wells, Texas renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mineral Wells, Texas condos for rent is 2017.
Mineral Wells, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Mineral Wells, Texas renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 11% have No vehicle available.
Mineral Wells, Texas Means of transportation to work of householders living in renter-occupied housing units**
Mineral Wells, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mineral Wells, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
