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 | Collingsworth County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,999 | $248,418 | $242,182 |
| Price Trend (Annual %) | 24.2% | 9.9% | 8.2% |
| Median Gross Rent | $618 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 1.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Collingsworth County is about 81% higher than in Texas. Rent is about 54% 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 Collingsworth County, up about 24.2% and 1.3% a year respectively. Home prices are changing faster.
Median rent in Collingsworth County rose about 27.3% between 2015 and 2023, from $486 to $618. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Collingsworth County.
Buying the median-priced home in Collingsworth County costs roughly 60.6 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 Collingsworth County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Collingsworth County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,999 | $248,418 | $242,182 |
| Median Household Income | $60,318 | $76,510 | $78,145 |
| Price-to-Income Ratio | 7.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Collingsworth County rose about 847.4%, while median household income rose about 52.4% 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 | Collingsworth County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.0% | 56.5% | 58.2% |
| Rental Rate | 16.4% | 33.8% | 31.3% |
| Vacancy Rate | 35.6% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Collingsworth County has a homeownership rate of 48.0%, lower than the Texas average of 56.5%. Its housing vacancy rate is 35.6%, compared with 9.6% in Texas.
Housing Stock
| Metric | Collingsworth County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1956 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Collingsworth County was built around 1956. On average, 2.8 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Collingsworth County, Texas.
What is the median home price in Collingsworth County, Texas?
The median home price in Collingsworth County, Texas is $449,999, higher than the Texas average of $248,418.
What is the average home price in Collingsworth 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 Collingsworth County, Texas?
The median gross rent in Collingsworth County, Texas is $618 per month, lower than the Texas average of $1,338.
What was the median gross rent in Collingsworth County in 2020?
In 2020, the median gross rent in Collingsworth County, Texas was $568 per month.
What is the price-to-rent ratio in Collingsworth County, Texas?
The price-to-rent ratio in Collingsworth County, Texas is about 60.6, meaning it would take roughly 60.6 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 Collingsworth County.
Are home prices or rent rising faster in Collingsworth County, Texas?
Both home prices and rent are rising in Collingsworth County, up about 24.2% and 1.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Collingsworth County, Texas?
48.0% of households in Collingsworth County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Collingsworth County, Texas?
The housing vacancy rate in Collingsworth County, Texas is 35.6%, higher than the Texas average of 9.6%.