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 | Delta County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,000,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 75.6% | 9.9% | 8.2% |
| Median Gross Rent | $857 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Delta County is about 705% higher than in Texas. Rent is about 36% 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 Delta County, up about 75.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Delta County rose about 44.6% between 2015 and 2023, from $592 to $857. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 30.8 yearly household incomes in Delta County.
Buying the median-priced home in Delta County costs roughly 194.6 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 Delta County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Delta County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,000,000 | $248,418 | $242,182 |
| Median Household Income | $64,988 | $76,510 | $78,145 |
| Price-to-Income Ratio | 30.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Delta County rose about 2242.4%, while median household income rose about 58.0% 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 | Delta County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.3% | 56.5% | 58.2% |
| Rental Rate | 14.5% | 33.8% | 31.3% |
| Vacancy Rate | 14.2% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Delta County has a homeownership rate of 71.3%, higher than the Texas average of 56.5%. Its housing vacancy rate is 14.2%, compared with 9.6% in Texas.
Housing Stock
| Metric | Delta County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Delta County was built around 1981. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Delta County, Texas.
What is the median home price in Delta County, Texas?
The median home price in Delta County, Texas is $2,000,000, higher than the Texas average of $248,418.
What is the average home price in Delta 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 Delta County, Texas?
The median gross rent in Delta County, Texas is $857 per month, lower than the Texas average of $1,338.
What was the median gross rent in Delta County in 2020?
In 2020, the median gross rent in Delta County, Texas was $625 per month.
What is the price-to-rent ratio in Delta County, Texas?
The price-to-rent ratio in Delta County, Texas is about 194.6, meaning it would take roughly 194.6 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 Delta County.
Are home prices or rent rising faster in Delta County, Texas?
Both home prices and rent are rising in Delta County, up about 75.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Delta County, Texas?
71.3% of households in Delta County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Delta County, Texas?
The housing vacancy rate in Delta County, Texas is 14.2%, higher than the Texas average of 9.6%.