Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,571 | $136,017 | $242,182 |
| Price Trend (Annual %) | 9.2% | 5.0% | 8.2% |
| Median Gross Rent | $646 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Texas County is about 68% higher than in Missouri. Rent is about 35% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Texas County, up about 9.2% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Texas County rose about 24.3% between 2015 and 2023, from $520 to $647. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Texas County.
Buying the median-priced home in Texas County costs roughly 29.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Texas County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,571 | $136,017 | $242,182 |
| Median Household Income | $47,623 | $69,051 | $78,145 |
| Price-to-Income Ratio | 4.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Texas County rose about 77.4%, while median household income rose about 55.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.1% | 60.1% | 58.2% |
| Rental Rate | 20.3% | 28.4% | 31.3% |
| Vacancy Rate | 13.6% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Texas County has a homeownership rate of 66.1%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 13.6%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1979 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Texas County was built around 1979. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Texas County, Missouri.
What is the median home price in Texas County, Missouri?
The median home price in Texas County, Missouri is $228,571, higher than the Missouri average of $136,017.
What is the average home price in Texas County, Missouri?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Texas County, Missouri?
The median gross rent in Texas County, Missouri is $647 per month, lower than the Missouri average of $995.
What was the median gross rent in Texas County in 2020?
In 2020, the median gross rent in Texas County, Missouri was $605 per month.
What is the price-to-rent ratio in Texas County, Missouri?
The price-to-rent ratio in Texas County, Missouri is about 29.5, meaning it would take roughly 29.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Texas County.
Are home prices or rent rising faster in Texas County, Missouri?
Both home prices and rent are rising in Texas County, up about 9.2% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Texas County, Missouri?
66.1% of households in Texas County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Texas County, Missouri?
The housing vacancy rate in Texas County, Missouri is 13.6%, higher than the Missouri average of 11.6%.