Edinburg, Texas Housing Market Prices
Edinburg 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 2% below the Texas median$253,970
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Median rent 29% below the Texas median$991
Housing Market Overview
| Metric | Edinburg | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $253,970 | $258,873 | $248,835 |
| Price Trend (Annual %) | 10.3% | 9.2% | 7.5% |
| Median Gross Rent | $991 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edinburg is about 2% lower than in Texas. Rent is about 29% 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 Edinburg, up about 10.3% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Edinburg rose about 43.4% between 2015 and 2024, from $691 to $991. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Edinburg.
Buying the median-priced home in Edinburg costs roughly 21.4 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 Edinburg. The price-to-rent ratio in Texas is about 15.4.
| Metric | Edinburg | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $253,970 | $258,873 | $248,835 |
| Median Household Income | $59,186 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Edinburg rose about 99.9%, while median household income rose about 56.0% 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 | Edinburg | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.3% | 56.7% | 58.5% |
| Rental Rate | 42.1% | 33.9% | 31.2% |
| Vacancy Rate | 9.6% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Edinburg has a homeownership rate of 48.3%, lower than the Texas average of 56.7%. Its housing vacancy rate is 9.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Edinburg | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2002 | 1990 | 1978 |
| Median Number of Rooms | 4.8 | 5.4 | 5.5 |
The typical housing unit in Edinburg was built around 2002. On average, 2.8 people live in a home with about 4.8 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Edinburg, Texas.
What is the median home price in Edinburg, Texas?
The median home price in Edinburg, Texas is $253,970, lower than the Texas average of $258,873.
What is the average home price in Edinburg, Texas?
The typical home price in Edinburg, Texas, reported as the median sale price, is $253,970. 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 Edinburg, Texas?
The median gross rent in Edinburg, Texas is $991 per month, lower than the Texas average of $1,402.
What was the median gross rent in Edinburg in 2020?
In 2020, the median gross rent in Edinburg, Texas was $809 per month.
What is the price-to-rent ratio in Edinburg, Texas?
The price-to-rent ratio in Edinburg, Texas is about 21.4, meaning it would take roughly 21.4 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 Edinburg.
Are home prices or rent rising faster in Edinburg, Texas?
Both home prices and rent are rising in Edinburg, up about 10.3% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Edinburg, Texas?
48.3% of households in Edinburg, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Edinburg, Texas?
The housing vacancy rate in Edinburg, Texas is 9.6%, higher than the Texas average of 9.4%.
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