Balch Springs, Texas Housing Market Prices
Balch Springs Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 18% above the Texas median$305,156
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Median rent 1% below the Texas median$1,390
Housing Market Overview
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,156 | $258,873 | $248,835 |
| Price Trend (Annual %) | 26.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,390 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Balch Springs is about 18% higher than in Texas. Rent is about 1% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Balch Springs, up about 26.5% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Balch Springs rose about 58.4% between 2015 and 2024, from $877 to $1,390. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Balch Springs.
Buying the median-priced home in Balch Springs costs roughly 18.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Balch Springs. The price-to-rent ratio in Texas is about 15.4.
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,156 | $258,873 | $248,835 |
| Median Household Income | $66,753 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Balch Springs rose about 459.5%, while median household income rose about 57.6% between 2009 and 2025 — 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 | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 56.7% | 58.5% |
| Rental Rate | 29.8% | 33.9% | 31.2% |
| Vacancy Rate | 9.7% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Balch Springs has a homeownership rate of 60.5%, higher than the Texas average of 56.7%. Its housing vacancy rate is 9.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Balch Springs | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.34 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Balch Springs was built around 1986. On average, 3.3 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Balch Springs, TX Housing Compared With Nearby Cities
How Balch Springs, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Balch Springs, TX | 32,011 | $305,156 #1/2 | $1,390 #2/2 | 67.0% #1/2 |
| Mesquite, TX | 150,839 | $266,077 | $1,499 | 63.7% |
Frequently Asked Questions
Common questions about the housing market in Balch Springs, Texas.
What is the median home price in Balch Springs, Texas?
The median home price in Balch Springs, Texas is $305,156, higher than the Texas average of $258,873.
What is the average home price in Balch Springs, Texas?
The typical home price in Balch Springs, Texas, reported as the median sale price, is $305,156. 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 Balch Springs, Texas?
The median gross rent in Balch Springs, Texas is $1,390 per month, lower than the Texas average of $1,402.
What was the median gross rent in Balch Springs in 2020?
In 2020, the median gross rent in Balch Springs, Texas was $1,065 per month.
What is the price-to-rent ratio in Balch Springs, Texas?
The price-to-rent ratio in Balch Springs, Texas is about 18.3, meaning it would take roughly 18.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Balch Springs.
Are home prices or rent rising faster in Balch Springs, Texas?
Both home prices and rent are rising in Balch Springs, up about 26.5% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Balch Springs, Texas?
60.5% of households in Balch Springs, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Balch Springs, Texas?
The housing vacancy rate in Balch Springs, Texas is 9.7%, higher than the Texas average of 9.4%.
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