Bedford, Texas Housing Market Prices
Bedford 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 31% above the Texas median$338,526
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Median rent 6% above the Texas median$1,485
Housing Market Overview
| Metric | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,526 | $258,873 | $248,835 |
| Price Trend (Annual %) | 8.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,485 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bedford is about 31% higher than in Texas. Rent is about 6% higher 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 Bedford, up about 8.5% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Bedford rose about 65.5% between 2015 and 2024, from $898 to $1,485. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Bedford.
Buying the median-priced home in Bedford costs roughly 19.0 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 Bedford. The price-to-rent ratio in Texas is about 15.4.
| Metric | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $338,526 | $258,873 | $248,835 |
| Median Household Income | $83,405 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bedford rose about 58.4%, while median household income rose about 29.1% 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 | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.2% | 56.7% | 58.5% |
| Rental Rate | 44.9% | 33.9% | 31.2% |
| Vacancy Rate | 5.9% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Bedford has a homeownership rate of 49.2%, lower than the Texas average of 56.7%. Its housing vacancy rate is 5.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Bedford | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1984 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Bedford was built around 1984. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Bedford, TX Housing Compared With Nearby Cities
Bedford, TX is the 3rd largest of the 4 cities compared here, 48,555 residents against a local median of 61,030. Bedford, TX sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is homeownership, 12% below the local median at 52.2% against 59.5%. Bedford, TX has the 3rd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bedford, TX | 48,555 | $338,526 #2/4 | $1,485 #3/4 | 52.2% #3/4 |
| Hurst, TX | 39,545 | $295,190 | $1,386 | 59.5% |
| Euless, TX | 61,030 | $329,398 | $1,641 | 39.1% |
| North Richland Hills, TX | 71,246 | $412,970 | $1,695 | 64.6% |
Frequently Asked Questions
Common questions about the housing market in Bedford, Texas.
What is the median home price in Bedford, Texas?
The median home price in Bedford, Texas is $338,526, higher than the Texas average of $258,873.
What is the average home price in Bedford, Texas?
The typical home price in Bedford, Texas, reported as the median sale price, is $338,526. 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 Bedford, Texas?
The median gross rent in Bedford, Texas is $1,485 per month, higher than the Texas average of $1,402.
What was the median gross rent in Bedford in 2020?
In 2020, the median gross rent in Bedford, Texas was $1,156 per month.
What is the price-to-rent ratio in Bedford, Texas?
The price-to-rent ratio in Bedford, Texas is about 19.0, meaning it would take roughly 19.0 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 Bedford.
Are home prices or rent rising faster in Bedford, Texas?
Both home prices and rent are rising in Bedford, up about 8.5% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bedford, Texas?
49.2% of households in Bedford, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Bedford, Texas?
The housing vacancy rate in Bedford, Texas is 5.9%, lower than the Texas average of 9.4%.
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