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 | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,110 | $248,418 | $242,182 |
| Price Trend (Annual %) | 9.9% | 9.9% | 8.2% |
| Median Gross Rent | $1,006 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Anderson County is about 77% lower than in Texas. Rent is about 25% lower than the Texas 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 Anderson County, up about 9.9% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Anderson County rose about 39.7% between 2015 and 2023, from $720 to $1,006. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Anderson County.
Buying the median-priced home in Anderson County costs roughly 4.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Anderson County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,110 | $248,418 | $242,182 |
| Median Household Income | $58,878 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Anderson County fell about 3.4%, while median household income rose about 50.0% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.6% | 56.5% | 58.2% |
| Rental Rate | 25.1% | 33.8% | 31.3% |
| Vacancy Rate | 16.3% | 9.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Anderson County has a homeownership rate of 58.6%, higher than the Texas average of 56.5%. Its housing vacancy rate is 16.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Anderson County was built around 1984. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Anderson County, Texas.
What is the median home price in Anderson County, Texas?
The median home price in Anderson County, Texas is $56,110, lower than the Texas average of $248,418.
What is the average home price in Anderson County, Texas?
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 Anderson County, Texas?
The median gross rent in Anderson County, Texas is $1,006 per month, lower than the Texas average of $1,338.
What was the median gross rent in Anderson County in 2020?
In 2020, the median gross rent in Anderson County, Texas was $829 per month.
What is the price-to-rent ratio in Anderson County, Texas?
The price-to-rent ratio in Anderson County, Texas is about 4.6, meaning it would take roughly 4.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Anderson County.
Are home prices or rent rising faster in Anderson County, Texas?
Both home prices and rent are rising in Anderson County, up about 9.9% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Anderson County, Texas?
58.6% of households in Anderson County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Anderson County, Texas?
The housing vacancy rate in Anderson County, Texas is 16.3%, higher than the Texas average of 9.6%.