Terrell Hills, TX
Population 5,050 · Texas
About Terrell Hills, TX
Terrell Hills is a small town located in Texas with a population of 5,050 residents according to the latest US Census Bureau American Community Survey data. The median household income is $217,800 per year, which is 190% above the national median of $75,149. The median age of 43.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Terrell Hills features a median home value of $762,200, which is 211% above the national median of $244,900. This places Terrell Hills in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,154, 1% below the national average of $1,163/month. Of the 1,935 total housing units, 78% are owner-occupied (1,415 units) and 22% are renter-occupied (391 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Terrell Hills shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Terrell Hills have an average one-way commute time of 21.7 minutes.
Education & Demographics
77.3% of Terrell Hills residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 22.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 3.3% Asian residents, with 9.1% of the population being foreign-born.
How Terrell Hills Ranks in Texas
Cost of Living in Terrell Hills, TX
Compared to national averages, Terrell Hills has a median household income of $217,800 (190% above the national median of $75,149). Home values average $762,200, which is 211% above the national median. Monthly rent at $1,154 is 1% below the US average of $1,163. Within Texas, Terrell Hills's income is 199% above the state average of $72,726, and home values are 260% above the state median of $211,769.
Why Live in Terrell Hills, TX?
Terrell Hills offers a strong local economy with a median household income of $217,800, well above the national average, and rent that’s lower than the national average at $1,154/month, and a well-educated community where 77.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 21.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $762,200. However, Terrell Hills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Terrell Hills has a population of 5,050 with a median age of 43.2 years. Compare Terrell Hills with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Terrell Hills
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Justin | 5,068 | $93,887 | $364,500 | Compare |
| Hudson | 5,017 | $51,733 | $169,000 | Compare |
| Giddings | 5,085 | $51,397 | $192,800 | Compare |
| Port Isabel | 5,098 | $50,775 | $120,900 | Compare |
| Doffing | 5,126 | $26,525 | $93,300 | Compare |
| Argyle | 4,970 | $172,604 | $624,200 | Compare |
| Mineola | 4,956 | $42,231 | $205,600 | Compare |
| Gilmer | 4,955 | $41,279 | $160,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Terrell Hills With Other Cities
Frequently Asked Questions about Terrell Hills
What is the population of Terrell Hills, TX?
The population of Terrell Hills, TX is 5,050 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Terrell Hills?
The median household income in Terrell Hills, TX is $217,800 per year, which is 190% above the national median of $75,149.
What is the median home value in Terrell Hills?
The median home value in Terrell Hills, TX is $762,200, which is 211% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Terrell Hills?
The median monthly rent in Terrell Hills, TX is $1,154, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Terrell Hills?
The unemployment rate in Terrell Hills, TX is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Terrell Hills, TX a good place to live?
Terrell Hills offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,050 and a median age of 43.2, the city appeals to a broad range of residents.
How educated is Terrell Hills, TX?
77.3% of residents in Terrell Hills aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Terrell Hills?
Key cost-of-living indicators for Terrell Hills, TX: median home value is $762,200 (211% above national), median rent is $1,154/month, and median household income is $217,800. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Terrell Hills?
The poverty rate in Terrell Hills, TX is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Terrell Hills, TX?
Terrell Hills's population is 22.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 3.3% Asian, and 0.2% two or more races. 9.1% of residents are foreign-born.