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 | DeWitt County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $696,428 | $248,418 | $242,182 |
| Price Trend (Annual %) | 35.0% | 9.9% | 8.2% |
| Median Gross Rent | $955 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeWitt County is about 180% higher than in Texas. Rent is about 29% 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 DeWitt County, up about 35.0% and 4.8% a year respectively. Home prices are changing faster.
Median rent in DeWitt County rose about 49.4% between 2015 and 2023, from $639 to $955. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 10.8 yearly household incomes in DeWitt County.
Buying the median-priced home in DeWitt County costs roughly 60.8 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 DeWitt County. The price-to-rent ratio in Texas is about 15.5.
| Metric | DeWitt County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $696,428 | $248,418 | $242,182 |
| Median Household Income | $64,669 | $76,510 | $78,145 |
| Price-to-Income Ratio | 10.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in DeWitt County rose about 500.0%, while median household income rose about 71.7% 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 | DeWitt County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.2% | 56.5% | 58.2% |
| Rental Rate | 21.3% | 33.8% | 31.3% |
| Vacancy Rate | 27.5% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
DeWitt County has a homeownership rate of 51.2%, lower than the Texas average of 56.5%. Its housing vacancy rate is 27.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | DeWitt County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1979 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in DeWitt County was built around 1979. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DeWitt County, Texas.
What is the median home price in DeWitt County, Texas?
The median home price in DeWitt County, Texas is $696,428, higher than the Texas average of $248,418.
What is the average home price in DeWitt 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 DeWitt County, Texas?
The median gross rent in DeWitt County, Texas is $955 per month, lower than the Texas average of $1,338.
What was the median gross rent in DeWitt County in 2020?
In 2020, the median gross rent in DeWitt County, Texas was $813 per month.
What is the price-to-rent ratio in DeWitt County, Texas?
The price-to-rent ratio in DeWitt County, Texas is about 60.8, meaning it would take roughly 60.8 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 DeWitt County.
Are home prices or rent rising faster in DeWitt County, Texas?
Both home prices and rent are rising in DeWitt County, up about 35.0% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in DeWitt County, Texas?
51.2% of households in DeWitt County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in DeWitt County, Texas?
The housing vacancy rate in DeWitt County, Texas is 27.5%, higher than the Texas average of 9.6%.