Converse, Texas Housing Market Prices
Converse 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 35% below the Texas median$168,796
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Median rent 14% above the Texas median$1,603
Housing Market Overview
| Metric | Converse | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $168,796 | $258,873 | $248,835 |
| Price Trend (Annual %) | 11.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,603 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Converse is about 35% lower than in Texas. Rent is about 14% 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 Converse, up about 11.4% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Converse rose about 50.9% between 2015 and 2024, from $1,062 to $1,603. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Converse.
Buying the median-priced home in Converse costs roughly 8.8 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 Converse. The price-to-rent ratio in Texas is about 15.4.
| Metric | Converse | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $168,796 | $258,873 | $248,835 |
| Median Household Income | $85,925 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Converse rose about 18.5%, while median household income rose about 34.8% 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 | Converse | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.2% | 56.7% | 58.5% |
| Rental Rate | 27.2% | 33.9% | 31.2% |
| Vacancy Rate | 2.5% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Converse has a homeownership rate of 70.2%, higher than the Texas average of 56.7%. Its housing vacancy rate is 2.5%, compared with 9.4% in Texas.
Housing Stock
| Metric | Converse | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2002 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.4 | 5.5 |
The typical housing unit in Converse was built around 2002. On average, 2.9 people live in a home with about 5.8 rooms, staying for about 12.0 years on average.
Converse, TX Housing Compared With Nearby Cities
How Converse, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Converse, TX | 31,527 | $168,796 #2/2 | $1,603 #2/2 | 72.1% #2/2 |
| Schertz, TX | 43,352 | $266,606 | $1,708 | 78.5% |
Frequently Asked Questions
Common questions about the housing market in Converse, Texas.
What is the median home price in Converse, Texas?
The median home price in Converse, Texas is $168,796, lower than the Texas average of $258,873.
What is the average home price in Converse, Texas?
The typical home price in Converse, Texas, reported as the median sale price, is $168,796. 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 Converse, Texas?
The median gross rent in Converse, Texas is $1,603 per month, higher than the Texas average of $1,402.
What was the median gross rent in Converse in 2020?
In 2020, the median gross rent in Converse, Texas was $1,207 per month.
What is the price-to-rent ratio in Converse, Texas?
The price-to-rent ratio in Converse, Texas is about 8.8, meaning it would take roughly 8.8 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 Converse.
Are home prices or rent rising faster in Converse, Texas?
Both home prices and rent are rising in Converse, up about 11.4% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Converse, Texas?
70.2% of households in Converse, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Converse, Texas?
The housing vacancy rate in Converse, Texas is 2.5%, lower than the Texas average of 9.4%.
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