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 | Briscoe County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,214 | $248,418 | $242,182 |
| Price Trend (Annual %) | 6.1% | 9.9% | 8.2% |
| Median Gross Rent | $691 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Briscoe County is about 89% lower than in Texas. Rent is about 48% 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 Briscoe County, up about 6.1% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Briscoe County rose about 11.8% between 2015 and 2023, from $618 to $691. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Briscoe County.
Buying the median-priced home in Briscoe County costs roughly 3.4 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 Briscoe County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Briscoe County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,214 | $248,418 | $242,182 |
| Median Household Income | $41,032 | $76,510 | $78,145 |
| Price-to-Income Ratio | 0.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Briscoe County fell about 27.2%, while median household income rose about 31.2% 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 | Briscoe County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.2% | 56.5% | 58.2% |
| Rental Rate | 13.4% | 33.8% | 31.3% |
| Vacancy Rate | 38.4% | 9.6% | 10.6% |
| Median Tenure (years) | 22.0 | 14.0 | 15.0 |
| Median Year Moved In | 2004 | 2012 | 2011 |
Briscoe County has a homeownership rate of 48.2%, lower than the Texas average of 56.5%. Its housing vacancy rate is 38.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Briscoe County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1964 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Briscoe County was built around 1964. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Briscoe County, Texas.
What is the median home price in Briscoe County, Texas?
The median home price in Briscoe County, Texas is $28,214, lower than the Texas average of $248,418.
What is the average home price in Briscoe 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 Briscoe County, Texas?
The median gross rent in Briscoe County, Texas is $691 per month, lower than the Texas average of $1,338.
What was the median gross rent in Briscoe County in 2020?
In 2020, the median gross rent in Briscoe County, Texas was $596 per month.
What is the price-to-rent ratio in Briscoe County, Texas?
The price-to-rent ratio in Briscoe County, Texas is about 3.4, meaning it would take roughly 3.4 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 Briscoe County.
Are home prices or rent rising faster in Briscoe County, Texas?
Both home prices and rent are rising in Briscoe County, up about 6.1% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Briscoe County, Texas?
48.2% of households in Briscoe County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Briscoe County, Texas?
The housing vacancy rate in Briscoe County, Texas is 38.4%, higher than the Texas average of 9.6%.