Wells, TX
Population 741 · Texas
About Wells, TX
Wells is a small community located in Texas with a population of 741 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,250 per year, which is 15% below the national median of $75,149. The median age of 30.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wells features a median home value of $100,000, which is 59% below the national median of $244,900. This makes Wells one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $772, 34% below the national average of $1,163/month. Of the 311 total housing units, 59% are owner-occupied (138 units) and 41% are renter-occupied (97 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Wells shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 36.2%, above the national average of 12.4%. Workers in Wells have an average one-way commute time of 20.8 minutes.
Education & Demographics
2.7% of Wells residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.5% White, 3.0% Hispanic or Latino, 0.8% Black or African American, and 5.8% Asian residents, with 7.2% of the population being foreign-born.
Cost of Living in Wells, TX
Compared to national averages, Wells has a median household income of $64,250 (15% below the national median of $75,149). Home values average $100,000, which is 59% below the national median. Monthly rent at $772 is 34% below the US average of $1,163. Within Texas, Wells's income is 12% below the state average of $72,726, and home values are 53% below the state median of $211,769.
Why Live in Wells, TX?
Wells offers affordable housing with a median home value of $100,000, below the US average of $244,900, and rent that’s lower than the national average at $772/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($64,250) that falls below the national average. However, Wells’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wells has a population of 741 with a median age of 30.6 years. Compare Wells with other cities to see how it stacks up, or explore all cities in Texas.
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Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wells
What is the population of Wells, TX?
The population of Wells, TX is 741 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 Wells?
The median household income in Wells, TX is $64,250 per year, which is 15% below the national median of $75,149.
What is the median home value in Wells?
The median home value in Wells, TX is $100,000, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wells?
The median monthly rent in Wells, TX is $772, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Wells?
The unemployment rate in Wells, TX is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wells, TX a good place to live?
Wells offers a moderate cost of living, affordable housing, and a strong job market. With a population of 741 and a median age of 30.6, the city appeals to young professionals and families.
How educated is Wells, TX?
2.7% of residents in Wells 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 Wells?
Key cost-of-living indicators for Wells, TX: median home value is $100,000 (59% below national), median rent is $772/month, and median household income is $64,250. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wells?
The poverty rate in Wells, TX is 36.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Wells, TX?
Wells's population is 3.5% White, 3.0% Hispanic or Latino, 0.8% Black or African American, 5.8% Asian, and 16.6% two or more races. 7.2% of residents are foreign-born.