Galveston, TX housing market
The typical Galveston home is worth about $318,000, down 5% in a year, 6% above the Texas typical home. Homes typically sell in 76 days, below asking.
Home values, sales, trends and how Galveston compares with the towns next door — updated as new data is published.
Galveston at a glance
A buyer's market
More homes are for sale than are selling — about 11 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Galveston | Texas |
|---|---|---|
| 2017 | $202,000 | $190,000 |
| 2018 | $217,000 | $202,000 |
| 2019 | $230,000 | $214,000 |
| 2020 | $239,000 | $223,000 |
| 2021 | $269,000 | $242,000 |
| 2022 | $332,000 | $286,000 |
| 2023 | $373,000 | $313,000 |
| 2024 | $368,000 | $311,000 |
| 2025 | $352,000 | $311,000 |
| 2026 | $323,000 | $303,000 |
| August 2026 | $318,000 | $299,000 |
254 new homes permitted in 2025
Builders were permitted 254 new homes in Galveston in 2025, all single-family houses, worth about $66.1 million to build. That's 4.8 per 1,000 residents, slower than across Texas (8.1). Over the past 10 years, Galveston has permitted 2,227 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Galveston gained 5,952 residents while 1,780 new homes were permitted: about 3.3 new residents per new home. Building and growth moved roughly in step. Across Texas: 2.6 new residents per new home.
How Galveston ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 175 | 175 | 0 | $45.4 million |
| 2025 | 254 | 254 | 0 | $66.1 million |
| 2024 | 279 | 279 | 0 | $71.7 million |
| 2023 | 289 | 289 | 0 | $77.6 million |
| 2022 | 215 | 215 | 0 | $45.3 million |
| 2021 | 251 | 251 | 0 | $51.9 million |
| 2020 | 237 | 237 | 0 | $46.4 million |
| 2019 | 159 | 159 | 0 | $39.5 million |
| 2018 | 183 | 183 | 0 | $46.3 million |
| 2017 | 206 | 206 | 0 | $44.1 million |
| 2016 | 154 | 154 | 0 | $44.9 million |
| 2015 | 179 | 179 | 0 | $46.4 million |
| 2014 | 279 | 279 | 0 | $71.9 million |
| 2013 | 241 | 241 | 0 | $45.7 million |
| 2012 | 185 | 185 | 0 | $44.2 million |
| 2011 | 89 | 89 | 0 | $19.7 million |
| 2010 | 105 | 105 | 0 | $23.9 million |
| 2009 | 55 | 55 | 0 | $10.3 million |
| 2008 | 90 | 90 | 0 | $22.6 million |
| 2007 | 202 | 202 | 0 | $41.7 million |
| 2006 | 184 | 184 | 0 | $44.5 million |
| 2005 | 239 | 239 | 0 | $51.6 million |
| 2004 | 209 | 209 | 0 | $36.8 million |
| 2003 | 408 | 144 | 264 | $37.8 million |
| 2002 | 151 | 151 | 0 | $21.1 million |
| 2001 | 176 | 176 | 0 | $26.6 million |
| 2000 | 164 | 154 | 10 | $26.5 million |
Galveston's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Galveston ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Galveston and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Galveston | $318K | −5% | $1,590 | 254 | $55,631 |
| Texas City | $227K | −1.8% | $1,470 | 640 | $68,776 |
| Tiki Island | $666K | −6.5% | $1,650 | 4 | $129,063 |
5.7 years of income
The typical Galveston home costs about 5.7 years of the town's median household income, more than across Texas (3.8 years).
How Galveston ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,590
HUD's Fair Market Rent for a two-bedroom in Galveston is $1,590 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Galveston pay a median of $1,298, so moving in tends to cost more than staying put. A two-bedroom takes about 34% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,290 · 4 bedrooms $2,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (77550, 77551, 77554; Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.