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 | Brooks County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,778 | $248,418 | $242,182 |
| Price Trend (Annual %) | -0.1% | 9.9% | 8.2% |
| Median Gross Rent | $486 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 0.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brooks County is about 71% lower than in Texas. Rent is about 64% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are falling in Brooks County, down about 0.1% and 0.2% a year respectively. Rent is changing faster.
Median rent in Brooks County fell about 9.6% between 2015 and 2023, from $537 to $486. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Brooks County.
Buying the median-priced home in Brooks County costs roughly 12.5 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 Brooks County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Brooks County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,778 | $248,418 | $242,182 |
| Median Household Income | $31,586 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Brooks County rose about 187.5%, while median household income rose about 64.6% 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 | Brooks County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.8% | 56.5% | 58.2% |
| Rental Rate | 35.0% | 33.8% | 31.3% |
| Vacancy Rate | 25.2% | 9.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Brooks County has a homeownership rate of 39.8%, lower than the Texas average of 56.5%. Its housing vacancy rate is 25.2%, compared with 9.6% in Texas.
Housing Stock
| Metric | Brooks County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1970 | 1989 | 1978 |
| Median Number of Rooms | 4.6 | 5.4 | 5.5 |
The typical housing unit in Brooks County was built around 1970. On average, 2.3 people live in a home with about 4.6 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brooks County, Texas.
What is the median home price in Brooks County, Texas?
The median home price in Brooks County, Texas is $72,778, lower than the Texas average of $248,418.
What is the average home price in Brooks 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 Brooks County, Texas?
The median gross rent in Brooks County, Texas is $486 per month, lower than the Texas average of $1,338.
What was the median gross rent in Brooks County in 2020?
In 2020, the median gross rent in Brooks County, Texas was $386 per month.
What is the price-to-rent ratio in Brooks County, Texas?
The price-to-rent ratio in Brooks County, Texas is about 12.5, meaning it would take roughly 12.5 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 Brooks County.
Are home prices or rent rising faster in Brooks County, Texas?
Both home prices and rent are falling in Brooks County, down about 0.1% and 0.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Brooks County, Texas?
39.8% of households in Brooks County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Brooks County, Texas?
The housing vacancy rate in Brooks County, Texas is 25.2%, higher than the Texas average of 9.6%.