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 | Duval County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $578,125 | $248,418 | $242,182 |
| Price Trend (Annual %) | 648.1% | 9.9% | 8.2% |
| Median Gross Rent | $736 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 1.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Duval County is about 133% higher than in Texas. Rent is about 45% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Duval County, up about 648.1% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Duval County rose about 7.4% between 2015 and 2023, from $686 to $736. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 11.5 yearly household incomes in Duval County.
Buying the median-priced home in Duval County costs roughly 65.4 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 Duval County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Duval County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $578,125 | $248,418 | $242,182 |
| Median Household Income | $50,073 | $76,510 | $78,145 |
| Price-to-Income Ratio | 11.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Duval County rose about 957.2%, while median household income rose about 90.3% 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 | Duval County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.9% | 56.5% | 58.2% |
| Rental Rate | 19.6% | 33.8% | 31.3% |
| Vacancy Rate | 32.5% | 9.6% | 10.6% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Duval County has a homeownership rate of 47.9%, lower than the Texas average of 56.5%. Its housing vacancy rate is 32.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Duval County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.09 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Duval County was built around 1977. On average, 3.1 people live in a home with about 5.1 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Duval County, Texas.
What is the median home price in Duval County, Texas?
The median home price in Duval County, Texas is $578,125, higher than the Texas average of $248,418.
What is the average home price in Duval 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 Duval County, Texas?
The median gross rent in Duval County, Texas is $736 per month, lower than the Texas average of $1,338.
What was the median gross rent in Duval County in 2020?
In 2020, the median gross rent in Duval County, Texas was $684 per month.
What is the price-to-rent ratio in Duval County, Texas?
The price-to-rent ratio in Duval County, Texas is about 65.4, meaning it would take roughly 65.4 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 Duval County.
Are home prices or rent rising faster in Duval County, Texas?
Both home prices and rent are rising in Duval County, up about 648.1% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Duval County, Texas?
47.9% of households in Duval County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Duval County, Texas?
The housing vacancy rate in Duval County, Texas is 32.5%, higher than the Texas average of 9.6%.