Baylor County, Texas Housing Market Prices
Baylor County 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 74% above the Texas median More expensive than 95% of counties in Texas$450,000
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Median rent 59% below the Texas median$580
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Baylor County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $258,873 | $248,835 |
| Price Trend (Annual %) | -1.6% | 9.2% | 7.5% |
| Median Gross Rent | $580 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baylor County is about 74% higher than in Texas. Rent is about 59% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Baylor County: home prices fell about 1.6% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
Median rent in Baylor County rose about 21.0% between 2015 and 2024, from $480 to $580. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 9.9 yearly household incomes in Baylor County.
Buying the median-priced home in Baylor County costs roughly 64.6 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 Baylor County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Baylor County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $258,873 | $248,835 |
| Median Household Income | $45,286 | $78,939 | $80,455 |
| Price-to-Income Ratio | 9.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Baylor County rose about 480.7%, while median household income rose about 29.7% 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 | Baylor County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.3% | 56.7% | 58.5% |
| Rental Rate | 23.6% | 33.9% | 31.2% |
| Vacancy Rate | 30.1% | 9.4% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Baylor County has a homeownership rate of 46.3%, lower than the Texas average of 56.7%. Its housing vacancy rate is 30.1%, compared with 9.4% in Texas.
Housing Stock
| Metric | Baylor County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1967 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Baylor County was built around 1967. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Baylor County, TX Housing Compared With Nearby Counties
How Baylor County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Baylor County, TX | 3,485 | $450,000 #1/3 | $580 #3/3 | 66.2% #2/3 |
| Wilbarger County, TX | 12,616 | $187,053 | $931 | 67.2% |
| Wichita County, TX | 129,995 | $118,747 | $1,006 | 61.4% |
Frequently Asked Questions
Common questions about the housing market in Baylor County, Texas.
What is the median home price in Baylor County, Texas?
The median home price in Baylor County, Texas is $450,000, higher than the Texas average of $258,873.
What is the average home price in Baylor County, Texas?
The typical home price in Baylor County, Texas, reported as the median sale price, is $450,000. 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 Baylor County, Texas?
The median gross rent in Baylor County, Texas is $580 per month, lower than the Texas average of $1,402.
What was the median gross rent in Baylor County in 2020?
In 2020, the median gross rent in Baylor County, Texas was $480 per month.
What is the price-to-rent ratio in Baylor County, Texas?
The price-to-rent ratio in Baylor County, Texas is about 64.6, meaning it would take roughly 64.6 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 Baylor County.
Are home prices or rent rising faster in Baylor County, Texas?
Home prices and rent are moving in opposite directions in Baylor County: home prices fell about 1.6% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Baylor County, Texas?
46.3% of households in Baylor County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Baylor County, Texas?
The housing vacancy rate in Baylor County, Texas is 30.1%, higher than the Texas average of 9.4%.
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