Wellman, TX
Population 300 · Texas
About Wellman, TX
Wellman is a small community located in Texas with a population of 300 residents according to the latest US Census Bureau American Community Survey data. The median household income is $117,578 per year, which is 56% above the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wellman features a median home value of $144,600, which is 41% below the national median of $244,900. This makes Wellman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $518, 55% below the national average of $1,163/month. Of the 126 total housing units, 73% are owner-occupied (66 units) and 27% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wellman shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wellman have an average one-way commute time of 15.5 minutes, one of the shorter commutes in the region.
Education & Demographics
26.2% of Wellman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 42.7% White, 4.7% Hispanic or Latino, 0.0% Black or African American, and 3.7% Asian residents, with 14.7% of the population being foreign-born.
How Wellman Ranks in Texas
Cost of Living in Wellman, TX
Compared to national averages, Wellman has a median household income of $117,578 (56% above the national median of $75,149). Home values average $144,600, which is 41% below the national median. Monthly rent at $518 is 55% below the US average of $1,163. Within Texas, Wellman's income is 62% above the state average of $72,726, and home values are 32% below the state median of $211,769.
Why Live in Wellman, TX?
Wellman offers a strong local economy with a median household income of $117,578, well above the national average, and affordable housing with a median home value of $144,600, below the US average of $244,900, and rent that’s lower than the national average at $518/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.7%, better than the national average, and short commute times averaging just 15.5 minutes.
Wellman has a population of 300 with a median age of 36.5 years. Compare Wellman with other cities to see how it stacks up, or explore all cities in Texas.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wellman
What is the population of Wellman, TX?
The population of Wellman, TX is 300 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Wellman?
The median household income in Wellman, TX is $117,578 per year, which is 56% above the national median of $75,149.
What is the median home value in Wellman?
The median home value in Wellman, TX is $144,600, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wellman?
The median monthly rent in Wellman, TX is $518, which is 55% below the national average of $1,163/month.
What is the unemployment rate in Wellman?
The unemployment rate in Wellman, TX is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wellman, TX a good place to live?
Wellman offers above-average incomes, affordable housing, and a strong job market. With a population of 300 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Wellman, TX?
26.2% of residents in Wellman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wellman?
Key cost-of-living indicators for Wellman, TX: median home value is $144,600 (41% below national), median rent is $518/month, and median household income is $117,578. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wellman?
The poverty rate in Wellman, TX is 0.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wellman, TX?
Wellman's population is 42.7% White, 4.7% Hispanic or Latino, 0.0% Black or African American, 3.7% Asian, and 0.0% two or more races. 14.7% of residents are foreign-born.