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 | Callahan County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,823 | $248,418 | $242,182 |
| Price Trend (Annual %) | 40.7% | 9.9% | 8.2% |
| Median Gross Rent | $880 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Callahan County is about 24% higher than in Texas. Rent is about 34% 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 Callahan County, up about 40.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Callahan County rose about 43.9% between 2015 and 2023, from $612 to $880. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Callahan County.
Buying the median-priced home in Callahan County costs roughly 29.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Callahan County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Callahan County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,823 | $248,418 | $242,182 |
| Median Household Income | $69,362 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Callahan County rose about 693.3%, while median household income rose about 56.8% 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 | Callahan County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.8% | 56.5% | 58.2% |
| Rental Rate | 14.5% | 33.8% | 31.3% |
| Vacancy Rate | 19.7% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Callahan County has a homeownership rate of 65.8%, higher than the Texas average of 56.5%. Its housing vacancy rate is 19.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Callahan County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Callahan County was built around 1981. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Callahan County, Texas.
What is the median home price in Callahan County, Texas?
The median home price in Callahan County, Texas is $308,823, higher than the Texas average of $248,418.
What is the average home price in Callahan 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 Callahan County, Texas?
The median gross rent in Callahan County, Texas is $880 per month, lower than the Texas average of $1,338.
What was the median gross rent in Callahan County in 2020?
In 2020, the median gross rent in Callahan County, Texas was $760 per month.
What is the price-to-rent ratio in Callahan County, Texas?
The price-to-rent ratio in Callahan County, Texas is about 29.2, meaning it would take roughly 29.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Callahan County.
Are home prices or rent rising faster in Callahan County, Texas?
Both home prices and rent are rising in Callahan County, up about 40.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Callahan County, Texas?
65.8% of households in Callahan County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Callahan County, Texas?
The housing vacancy rate in Callahan County, Texas is 19.7%, higher than the Texas average of 9.6%.