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 | Archer County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,347 | $248,418 | $242,182 |
| Price Trend (Annual %) | -22.8% | 9.9% | 8.2% |
| Median Gross Rent | $766 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Archer County is about 96% lower than in Texas. Rent is about 43% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Archer County: home prices fell about 22.8% a year while rent rose about 2.8% a year. That is an unusual pattern worth watching.
Median rent in Archer County rose about 16.2% between 2015 and 2023, from $659 to $766. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Archer County.
Buying the median-priced home in Archer County costs roughly 1.0 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 Archer County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Archer County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,347 | $248,418 | $242,182 |
| Median Household Income | $71,797 | $76,510 | $78,145 |
| Price-to-Income Ratio | 0.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Archer County fell about 96.9%, while median household income rose about 34.4% 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 | Archer County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.5% | 56.5% | 58.2% |
| Rental Rate | 13.2% | 33.8% | 31.3% |
| Vacancy Rate | 12.3% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Archer County has a homeownership rate of 74.5%, higher than the Texas average of 56.5%. Its housing vacancy rate is 12.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Archer County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1973 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.4 | 5.5 |
The typical housing unit in Archer County was built around 1973. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Archer County, Texas.
What is the median home price in Archer County, Texas?
The median home price in Archer County, Texas is $9,347, lower than the Texas average of $248,418.
What is the average home price in Archer 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 Archer County, Texas?
The median gross rent in Archer County, Texas is $766 per month, lower than the Texas average of $1,338.
What was the median gross rent in Archer County in 2020?
In 2020, the median gross rent in Archer County, Texas was $659 per month.
What is the price-to-rent ratio in Archer County, Texas?
The price-to-rent ratio in Archer County, Texas is about 1.0, meaning it would take roughly 1.0 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 Archer County.
Are home prices or rent rising faster in Archer County, Texas?
Home prices and rent are moving in opposite directions in Archer County: home prices fell about 22.8% a year while rent rose about 2.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Archer County, Texas?
74.5% of households in Archer County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Archer County, Texas?
The housing vacancy rate in Archer County, Texas is 12.3%, higher than the Texas average of 9.6%.