Housing Market Overview
Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.
$186,316
$1,266
Housing Market Overview
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,316 | $248,418 | $242,182 |
| Price Trend (Annual %) | 21.2% | 9.9% | 8.2% |
| Median Gross Rent | $1,266 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Housing Cost & Rent Trends
Median Home Price Over Time
Balch Springs
Texas
United States
Median Rent Over Time
Balch Springs
Texas
United States
Affordability
On average, housing unit costs 2.8 yearly household incomes in Balch Springs.
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,316 | $248,418 | $242,182 |
| Median Household Income | $65,553 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Household Income Growth %
Housing Cost Growth %
Occupancy & Tenure
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 56.5% | 58.2% |
| Rental Rate | 32.2% | 33.8% | 31.3% |
| Vacancy Rate | 9.0% | 9.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Housing Stock
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.27 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1985 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |