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 | Ector County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,576 | $248,418 | $242,182 |
| Price Trend (Annual %) | 10.6% | 9.9% | 8.2% |
| Median Gross Rent | $1,284 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ector County is about 20% lower than in Texas. Rent is about 4% 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 Ector County, up about 10.6% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Ector County rose about 42.2% between 2015 and 2023, from $903 to $1,284. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Ector County.
Buying the median-priced home in Ector County 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 Ector County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Ector County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,576 | $248,418 | $242,182 |
| Median Household Income | $70,206 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ector County rose about 85.5%, while median household income rose about 58.5% 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 | Ector County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.5% | 56.5% | 58.2% |
| Rental Rate | 32.9% | 33.8% | 31.3% |
| Vacancy Rate | 7.6% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Ector County has a homeownership rate of 59.5%, higher than the Texas average of 56.5%. Its housing vacancy rate is 7.6%, compared with 9.6% in Texas.
Housing Stock
| Metric | Ector County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Ector County was built around 1981. On average, 2.6 people live in a home with about 5.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ector County, Texas.
What is the median home price in Ector County, Texas?
The median home price in Ector County, Texas is $197,576, lower than the Texas average of $248,418.
What is the average home price in Ector 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 Ector County, Texas?
The median gross rent in Ector County, Texas is $1,284 per month, lower than the Texas average of $1,338.
What was the median gross rent in Ector County in 2020?
In 2020, the median gross rent in Ector County, Texas was $1,073 per month.
What is the price-to-rent ratio in Ector County, Texas?
The price-to-rent ratio in Ector County, 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 Ector County.
Are home prices or rent rising faster in Ector County, Texas?
Both home prices and rent are rising in Ector County, up about 10.6% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ector County, Texas?
59.5% of households in Ector County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Ector County, Texas?
The housing vacancy rate in Ector County, Texas is 7.6%, lower than the Texas average of 9.6%.