Cochran County, Texas Housing Market Prices
Cochran County 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 96% below the Texas median Among the top 3 cheapest counties in Texas$9,285
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Median rent 50% below the Texas median Cheaper than 91% of counties in Texas$696
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,285 | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.2% | 9.2% | 7.5% |
| Median Gross Rent | $696 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cochran County is about 96% lower than in Texas. Rent is about 50% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cochran County, up about 9.2% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Cochran County rose about 56.8% between 2015 and 2024, from $444 to $696. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Cochran County.
Buying the median-priced home in Cochran County costs roughly 1.1 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 Cochran County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,285 | $258,873 | $248,835 |
| Median Household Income | $45,222 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cochran County fell about 85.7%, while median household income rose about 22.8% between 2009 and 2025 — 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 | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.0% | 56.7% | 58.5% |
| Rental Rate | 25.7% | 33.9% | 31.2% |
| Vacancy Rate | 27.3% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Cochran County has a homeownership rate of 47.0%, lower than the Texas average of 56.7%. Its housing vacancy rate is 27.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1971 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Cochran County was built around 1971. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Cochran County, TX Housing Compared With Nearby Counties
Cochran County, TX is the smallest of the 5 counties compared here, 2,550 residents against a local median of 10,199. Where Cochran County, TX breaks from the counties next to it is median home price, sitting 94% below the local median of $145,173 at $9,285.
Median rent tells the same story from another angle: $696 against a local median of $949, 27% below it. The counties themselves spread $155,625 on median home price, so Cochran County, TX sits at one end of an already wide local range rather than apart from it. Cochran County, TX has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cochran County, TX | 2,550 | $9,285 #5/5 | $696 #5/5 | 64.6% #5/5 |
| Yoakum County, TX | 7,571 | $163,140 | $972 | 66.8% |
| Bailey County, TX | 6,913 | $275,000 | $931 | 79.9% |
| Hockley County, TX | 21,363 | $127,206 | $850 | 72.2% |
| Lamb County, TX | 12,828 | $119,374 | $967 | 74.0% |
Frequently Asked Questions
Common questions about the housing market in Cochran County, Texas.
What is the median home price in Cochran County, Texas?
The median home price in Cochran County, Texas is $9,285, lower than the Texas average of $258,873.
What is the average home price in Cochran County, Texas?
The typical home price in Cochran County, Texas, reported as the median sale price, is $9,285. 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 Cochran County, Texas?
The median gross rent in Cochran County, Texas is $696 per month, lower than the Texas average of $1,402.
What was the median gross rent in Cochran County in 2020?
In 2020, the median gross rent in Cochran County, Texas was $710 per month.
What is the price-to-rent ratio in Cochran County, Texas?
The price-to-rent ratio in Cochran County, Texas is about 1.1, meaning it would take roughly 1.1 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 Cochran County.
Are home prices or rent rising faster in Cochran County, Texas?
Both home prices and rent are rising in Cochran County, up about 9.2% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cochran County, Texas?
47.0% of households in Cochran County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Cochran County, Texas?
The housing vacancy rate in Cochran County, Texas is 27.3%, higher than the Texas average of 9.4%.
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