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 | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $402,655 | $248,418 | $242,182 |
| Price Trend (Annual %) | 45.1% | 9.9% | 8.2% |
| Median Gross Rent | $919 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Blanco County is about 62% higher than in Texas. Rent is about 31% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Blanco County, up about 45.1% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Blanco County rose about 23.8% between 2015 and 2023, from $743 to $919. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Blanco County.
Buying the median-priced home in Blanco County costs roughly 36.5 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 Blanco County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $402,655 | $248,418 | $242,182 |
| Median Household Income | $84,233 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Blanco County rose about 389.7%, while median household income rose about 67.7% between 2009 and 2023 — 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 | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 56.5% | 58.2% |
| Rental Rate | 21.1% | 33.8% | 31.3% |
| Vacancy Rate | 18.0% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Blanco County has a homeownership rate of 60.9%, higher than the Texas average of 56.5%. Its housing vacancy rate is 18.0%, compared with 9.6% in Texas.
Housing Stock
| Metric | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1995 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Blanco County was built around 1995. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Blanco County, Texas.
What is the median home price in Blanco County, Texas?
The median home price in Blanco County, Texas is $402,655, higher than the Texas average of $248,418.
What is the average home price in Blanco 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 Blanco County, Texas?
The median gross rent in Blanco County, Texas is $919 per month, lower than the Texas average of $1,338.
What was the median gross rent in Blanco County in 2020?
In 2020, the median gross rent in Blanco County, Texas was $850 per month.
What is the price-to-rent ratio in Blanco County, Texas?
The price-to-rent ratio in Blanco County, Texas is about 36.5, meaning it would take roughly 36.5 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 Blanco County.
Are home prices or rent rising faster in Blanco County, Texas?
Both home prices and rent are rising in Blanco County, up about 45.1% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Blanco County, Texas?
60.9% of households in Blanco County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Blanco County, Texas?
The housing vacancy rate in Blanco County, Texas is 18.0%, higher than the Texas average of 9.6%.