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 | Bosque County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,595 | $248,418 | $242,182 |
| Price Trend (Annual %) | 19.7% | 9.9% | 8.2% |
| Median Gross Rent | $926 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bosque County is about 13% lower 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 Bosque County, up about 19.7% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Bosque County rose about 47.4% between 2015 and 2023, from $628 to $926. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Bosque County.
Buying the median-priced home in Bosque County costs roughly 19.5 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 Bosque County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Bosque County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,595 | $248,418 | $242,182 |
| Median Household Income | $68,776 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bosque County rose about 128.0%, while median household income rose about 55.8% 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 | Bosque County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 56.5% | 58.2% |
| Rental Rate | 19.3% | 33.8% | 31.3% |
| Vacancy Rate | 20.1% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Bosque County has a homeownership rate of 60.6%, higher than the Texas average of 56.5%. Its housing vacancy rate is 20.1%, compared with 9.6% in Texas.
Housing Stock
| Metric | Bosque County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Bosque County was built around 1984. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bosque County, Texas.
What is the median home price in Bosque County, Texas?
The median home price in Bosque County, Texas is $216,595, lower than the Texas average of $248,418.
What is the average home price in Bosque 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 Bosque County, Texas?
The median gross rent in Bosque County, Texas is $926 per month, lower than the Texas average of $1,338.
What was the median gross rent in Bosque County in 2020?
In 2020, the median gross rent in Bosque County, Texas was $760 per month.
What is the price-to-rent ratio in Bosque County, Texas?
The price-to-rent ratio in Bosque County, Texas is about 19.5, meaning it would take roughly 19.5 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 Bosque County.
Are home prices or rent rising faster in Bosque County, Texas?
Both home prices and rent are rising in Bosque County, up about 19.7% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bosque County, Texas?
60.6% of households in Bosque County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Bosque County, Texas?
The housing vacancy rate in Bosque County, Texas is 20.1%, higher than the Texas average of 9.6%.