A typical Levelland home is worth about $147,000
About the same as a year ago, 51% below the Texas typical home. Homes typically sell in 48 days.
What kind of housing town is Levelland?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.5 years of income
Less than across Texas (3.8 years). Try your own numbers below.
That covers a typical Levelland home, with $61K to spare.
A two-bedroom rents for about $970 a month here, $10 more than owning.
How Levelland ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Levelland’s typical property tax (1.51% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $846, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
How Levelland ranks on rent that’s easy to afford →
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cochran County, TX HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Up 0.3% in five years
Slower than Texas (11.1%).
Show as a table
| January | Levelland | Texas |
|---|---|---|
| 2017 | $120,000 | $190,000 |
| 2018 | $120,000 | $202,000 |
| 2019 | $128,000 | $214,000 |
| 2020 | $138,000 | $223,000 |
| 2021 | $143,000 | $242,000 |
| 2022 | $151,000 | $286,000 |
| 2023 | $150,000 | $313,000 |
| 2024 | $150,000 | $311,000 |
| 2025 | $149,000 | $311,000 |
| 2026 | $148,000 | $303,000 |
| August 2026 | $147,000 | $299,000 |
A typical Levelland home worth $118K in September 2016 is worth about $147K today.
How Levelland ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A balanced market
About 4.3 months of supply: neither buyers nor sellers have a clear edge.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
5 new homes permitted in 2025
Builders were permitted 5 new homes in Levelland in 2025, all single-family houses, worth about $1.5 million to build. That's 0.4 per 1,000 residents, slower than across Texas (8.1). Over the past 10 years, Levelland has permitted 73 homes in all.
Between the 2010 and 2020 censuses, Levelland's population fell by 890 even though 75 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Texas: 2.6 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $617,000 |
| 2025 | 5 | 5 | 0 | $1.5 million |
| 2024 | 5 | 5 | 0 | $1.5 million |
| 2023 | 3 | 3 | 0 | $820,000 |
| 2022 | 9 | 9 | 0 | $3 million |
| 2021 | 11 | 11 | 0 | $2.5 million |
| 2020 | 9 | 9 | 0 | $2 million |
| 2019 | 9 | 9 | 0 | $1.8 million |
| 2018 | 10 | 10 | 0 | $1.8 million |
| 2017 | 6 | 6 | 0 | $1.5 million |
| 2016 | 6 | 6 | 0 | $1.5 million |
| 2015 | 2 | 2 | 0 | $380,000 |
| 2014 | 13 | 13 | 0 | $3.5 million |
| 2013 | 9 | 9 | 0 | $1.6 million |
| 2012 | 6 | 6 | 0 | $1.3 million |
| 2011 | 7 | 7 | 0 | $1.3 million |
| 2010 | 7 | 7 | 0 | $1.2 million |
| 2009 | 4 | 4 | 0 | $704,000 |
| 2008 | 27 | 27 | 0 | $4 million |
| 2007 | 22 | 22 | 0 | $3.3 million |
| 2006 | 29 | 29 | 0 | $2.5 million |
| 2005 | 18 | 18 | 0 | $2.8 million |
| 2004 | 12 | 12 | 0 | $1.8 million |
| 2003 | 9 | 9 | 0 | $1.1 million |
| 2002 | 7 | 7 | 0 | $504,000 |
| 2001 | 9 | 9 | 0 | $569,000 |
| 2000 | 12 | 12 | 0 | $961,000 |
Levelland's permit office reported 1 of 12 months in 2025; the Census estimated the rest.
How Levelland 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.
67% of Levelland households own their home
Half of Levelland’s homes were built before 1976.
Texas: 63% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Neighbors talk housing
What Levelland buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.