Copperas Cove, Texas Housing Market Prices
Copperas Cove 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 42% below the Texas median$151,207
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Median rent 30% below the Texas median$983
Housing Market Overview
| Metric | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,207 | $258,873 | $248,835 |
| Price Trend (Annual %) | 43.6% | 9.2% | 7.5% |
| Median Gross Rent | $983 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Copperas Cove is about 42% lower than in Texas. Rent is about 30% lower 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 Copperas Cove, up about 43.6% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Copperas Cove rose about 21.0% between 2015 and 2024, from $812 to $983. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Copperas Cove.
Buying the median-priced home in Copperas Cove costs roughly 12.8 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 Copperas Cove. The price-to-rent ratio in Texas is about 15.4.
| Metric | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,207 | $258,873 | $248,835 |
| Median Household Income | $64,212 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Copperas Cove rose about 62.4%, while median household income rose about 30.1% 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 | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.2% | 56.7% | 58.5% |
| Rental Rate | 40.7% | 33.9% | 31.2% |
| Vacancy Rate | 6.0% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Copperas Cove has a homeownership rate of 53.2%, lower than the Texas average of 56.7%. Its housing vacancy rate is 6.0%, compared with 9.4% in Texas.
Housing Stock
| Metric | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Copperas Cove was built around 1986. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Copperas Cove, TX Housing Compared With Nearby Cities
How Copperas Cove, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Copperas Cove, TX | 28,341 | $151,207 #2/2 | $983 #2/2 | 56.7% #1/2 |
| Killeen, TX | 148,206 | $189,503 | $1,205 | 48.8% |
Frequently Asked Questions
Common questions about the housing market in Copperas Cove, Texas.
What is the median home price in Copperas Cove, Texas?
The median home price in Copperas Cove, Texas is $151,207, lower than the Texas average of $258,873.
What is the average home price in Copperas Cove, Texas?
The typical home price in Copperas Cove, Texas, reported as the median sale price, is $151,207. 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 Copperas Cove, Texas?
The median gross rent in Copperas Cove, Texas is $983 per month, lower than the Texas average of $1,402.
What was the median gross rent in Copperas Cove in 2020?
In 2020, the median gross rent in Copperas Cove, Texas was $805 per month.
What is the price-to-rent ratio in Copperas Cove, Texas?
The price-to-rent ratio in Copperas Cove, Texas is about 12.8, meaning it would take roughly 12.8 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 Copperas Cove.
Are home prices or rent rising faster in Copperas Cove, Texas?
Both home prices and rent are rising in Copperas Cove, up about 43.6% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Copperas Cove, Texas?
53.2% of households in Copperas Cove, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Copperas Cove, Texas?
The housing vacancy rate in Copperas Cove, Texas is 6.0%, lower than the Texas average of 9.4%.
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