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 | Brazos County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,738 | $248,418 | $242,182 |
| Price Trend (Annual %) | 2.4% | 9.9% | 8.2% |
| Median Gross Rent | $1,159 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brazos County is about 29% lower than in Texas. Rent is about 13% 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 Brazos County, up about 2.4% and 4.2% a year respectively. Rent is changing faster.
Median rent in Brazos County rose about 34.7% between 2015 and 2023, from $860 to $1,159. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Brazos County.
Buying the median-priced home in Brazos County costs roughly 12.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Brazos County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Brazos County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,738 | $248,418 | $242,182 |
| Median Household Income | $58,326 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Brazos County rose about 22.7%, while median household income rose about 68.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Brazos County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.7% | 56.5% | 58.2% |
| Rental Rate | 47.5% | 33.8% | 31.3% |
| Vacancy Rate | 10.8% | 9.6% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Brazos County has a homeownership rate of 41.7%, lower than the Texas average of 56.5%. Its housing vacancy rate is 10.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Brazos County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1995 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Brazos County was built around 1995. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brazos County, Texas.
What is the median home price in Brazos County, Texas?
The median home price in Brazos County, Texas is $175,738, lower than the Texas average of $248,418.
What is the average home price in Brazos 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 Brazos County, Texas?
The median gross rent in Brazos County, Texas is $1,159 per month, lower than the Texas average of $1,338.
What was the median gross rent in Brazos County in 2020?
In 2020, the median gross rent in Brazos County, Texas was $965 per month.
What is the price-to-rent ratio in Brazos County, Texas?
The price-to-rent ratio in Brazos County, Texas is about 12.6, meaning it would take roughly 12.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Brazos County.
Are home prices or rent rising faster in Brazos County, Texas?
Both home prices and rent are rising in Brazos County, up about 2.4% and 4.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Brazos County, Texas?
41.7% of households in Brazos County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Brazos County, Texas?
The housing vacancy rate in Brazos County, Texas is 10.8%, higher than the Texas average of 9.6%.