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 | Comanche County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,249 | $248,418 | $242,182 |
| Price Trend (Annual %) | 23.2% | 9.9% | 8.2% |
| Median Gross Rent | $822 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 8.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Comanche County is about 17% higher than in Texas. Rent is about 39% 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 Comanche County, up about 23.2% and 8.0% a year respectively. Home prices are changing faster.
Median rent in Comanche County rose about 56.9% between 2015 and 2023, from $524 to $822. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Comanche County.
Buying the median-priced home in Comanche County costs roughly 29.5 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 Comanche County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Comanche County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,249 | $248,418 | $242,182 |
| Median Household Income | $59,924 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.9 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Comanche County rose about 195.2%, while median household income rose about 74.4% 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 | Comanche County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.2% | 56.5% | 58.2% |
| Rental Rate | 15.5% | 33.8% | 31.3% |
| Vacancy Rate | 22.3% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Comanche County has a homeownership rate of 62.2%, higher than the Texas average of 56.5%. Its housing vacancy rate is 22.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Comanche County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Comanche County was built around 1977. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Comanche County, Texas.
What is the median home price in Comanche County, Texas?
The median home price in Comanche County, Texas is $291,249, higher than the Texas average of $248,418.
What is the average home price in Comanche 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 Comanche County, Texas?
The median gross rent in Comanche County, Texas is $822 per month, lower than the Texas average of $1,338.
What was the median gross rent in Comanche County in 2020?
In 2020, the median gross rent in Comanche County, Texas was $525 per month.
What is the price-to-rent ratio in Comanche County, Texas?
The price-to-rent ratio in Comanche County, Texas is about 29.5, meaning it would take roughly 29.5 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 Comanche County.
Are home prices or rent rising faster in Comanche County, Texas?
Both home prices and rent are rising in Comanche County, up about 23.2% and 8.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Comanche County, Texas?
62.2% of households in Comanche County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Comanche County, Texas?
The housing vacancy rate in Comanche County, Texas is 22.3%, higher than the Texas average of 9.6%.