What to know before you move: cost, market timing, who it fits.
If you're considering a move to Kermit, TX, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Kermit is a city in Winkler County, Texas, with an estimated population of 5,909. The population has contracted 1.5% per year on average since 2020. The median home value in Kermit is $133,807 as of 2026-04, up 8.6% over the last 12 months. Over the last five years, home values have averaged -2.4% annual growth, and the market currently sits about 16% below its 5-year peak. The composite momentum score is 45 of 100 (Cooling). Buyers may find more room to negotiate; sellers should price realistically.
Prices have come off recent highs (-15.5% from peak). Buyers may have more room to negotiate; sellers should price realistically.
Reasons people move here
- Trend still working: prices up 8.6% in the last 12 months — buyers are still chasing inventory.
- Affordable AND rising: median home $133,807 with positive recent direction — rare combination most of the country can't offer.
- Reset opportunity: 16% off recent peak but +6.2% annualized over 10 years — long-run trend is up even if the last year wasn't.
Things to know first
- Net out-migration: population shrinking 1.5% per year — services, schools, and tax base will follow.
- 16% off recent peak — buyers are getting through-the-cycle pricing, not the peak.
- Long-run gains, recently flat: 5-year CAGR is -2.4% but 10-year is +6.2%. The last few years have not been kind.
- Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.
More about Kermit
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.