Cedar Park, Texas Housing Market Prices
Cedar Park Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% above the Texas median$275,446
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Median rent 30% above the Texas median$1,818
Housing Market Overview
| Metric | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,446 | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,818 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cedar Park is about 6% higher than in Texas. Rent is about 30% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cedar Park, up about 9.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Cedar Park rose about 57.1% between 2015 and 2024, from $1,157 to $1,818. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Cedar Park.
Buying the median-priced home in Cedar Park 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 Cedar Park. The price-to-rent ratio in Texas is about 15.4.
| Metric | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,446 | $258,873 | $248,835 |
| Median Household Income | $127,972 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cedar Park rose about 69.2%, while median household income rose about 65.7% between 2009 and 2025 — 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 | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.2% | 56.7% | 58.5% |
| Rental Rate | 32.9% | 33.9% | 31.2% |
| Vacancy Rate | 1.8% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Cedar Park has a homeownership rate of 65.2%, higher than the Texas average of 56.7%. Its housing vacancy rate is 1.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2003 | 1990 | 1978 |
| Median Number of Rooms | 6.0 | 5.4 | 5.5 |
The typical housing unit in Cedar Park was built around 2003. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cedar Park, Texas.
What is the median home price in Cedar Park, Texas?
The median home price in Cedar Park, Texas is $275,446, higher than the Texas average of $258,873.
What is the average home price in Cedar Park, Texas?
The typical home price in Cedar Park, Texas, reported as the median sale price, is $275,446. 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 Cedar Park, Texas?
The median gross rent in Cedar Park, Texas is $1,818 per month, higher than the Texas average of $1,402.
What was the median gross rent in Cedar Park in 2020?
In 2020, the median gross rent in Cedar Park, Texas was $1,483 per month.
What is the price-to-rent ratio in Cedar Park, Texas?
The price-to-rent ratio in Cedar Park, 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 Cedar Park.
Are home prices or rent rising faster in Cedar Park, Texas?
Both home prices and rent are rising in Cedar Park, up about 9.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cedar Park, Texas?
65.2% of households in Cedar Park, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Cedar Park, Texas?
The housing vacancy rate in Cedar Park, Texas is 1.8%, lower than the Texas average of 9.4%.
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