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 | Caldwell County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,272 | $248,418 | $242,182 |
| Price Trend (Annual %) | -15.3% | 9.9% | 8.2% |
| Median Gross Rent | $1,145 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Caldwell County is about 79% lower than in Texas. Rent is about 14% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Caldwell County: home prices fell about 15.3% a year while rent rose about 5.9% a year. That is an unusual pattern worth watching.
Median rent in Caldwell County rose about 49.7% between 2015 and 2023, from $765 to $1,145. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Caldwell County.
Buying the median-priced home in Caldwell County costs roughly 3.8 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 Caldwell County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Caldwell County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,272 | $248,418 | $242,182 |
| Median Household Income | $69,018 | $76,510 | $78,145 |
| Price-to-Income Ratio | 0.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Caldwell County fell about 71.6%, while median household income rose about 66.2% 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 | Caldwell County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.7% | 56.5% | 58.2% |
| Rental Rate | 24.8% | 33.8% | 31.3% |
| Vacancy Rate | 7.5% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Caldwell County has a homeownership rate of 67.7%, higher than the Texas average of 56.5%. Its housing vacancy rate is 7.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Caldwell County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Caldwell County was built around 1996. On average, 2.8 people live in a home with about 5.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Caldwell County, Texas.
What is the median home price in Caldwell County, Texas?
The median home price in Caldwell County, Texas is $52,272, lower than the Texas average of $248,418.
What is the average home price in Caldwell 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 Caldwell County, Texas?
The median gross rent in Caldwell County, Texas is $1,145 per month, lower than the Texas average of $1,338.
What was the median gross rent in Caldwell County in 2020?
In 2020, the median gross rent in Caldwell County, Texas was $946 per month.
What is the price-to-rent ratio in Caldwell County, Texas?
The price-to-rent ratio in Caldwell County, Texas is about 3.8, meaning it would take roughly 3.8 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 Caldwell County.
Are home prices or rent rising faster in Caldwell County, Texas?
Home prices and rent are moving in opposite directions in Caldwell County: home prices fell about 15.3% a year while rent rose about 5.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Caldwell County, Texas?
67.7% of households in Caldwell County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Caldwell County, Texas?
The housing vacancy rate in Caldwell County, Texas is 7.5%, lower than the Texas average of 9.6%.