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 | Edwards County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,610 | $248,418 | $242,182 |
| Price Trend (Annual %) | 11.2% | 9.9% | 8.2% |
| Median Gross Rent | $714 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 7.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edwards County is about 84% lower than in Texas. Rent is about 47% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Edwards County, up about 11.2% and 7.7% a year respectively. Home prices are changing faster.
Median rent in Edwards County rose about 48.7% between 2015 and 2023, from $480 to $714. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Edwards County.
Buying the median-priced home in Edwards County costs roughly 4.5 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 Edwards County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Edwards County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,610 | $248,418 | $242,182 |
| Median Household Income | $37,857 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2023, the median home price in Edwards County fell about 59.9%, while median household income rose about 9.8% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Edwards County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.6% | 56.5% | 58.2% |
| Rental Rate | 2.9% | 33.8% | 31.3% |
| Vacancy Rate | 47.5% | 9.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Edwards County has a homeownership rate of 49.6%, lower than the Texas average of 56.5%. Its housing vacancy rate is 47.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Edwards County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1980 | 1989 | 1978 |
| Median Number of Rooms | 4.9 | 5.4 | 5.5 |
The typical housing unit in Edwards County was built around 1980. On average, 2.9 people live in a home with about 4.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Edwards County, Texas.
What is the median home price in Edwards County, Texas?
The median home price in Edwards County, Texas is $38,610, lower than the Texas average of $248,418.
What is the average home price in Edwards 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 Edwards County, Texas?
The median gross rent in Edwards County, Texas is $714 per month, lower than the Texas average of $1,338.
What was the median gross rent in Edwards County in 2020?
In 2020, the median gross rent in Edwards County, Texas was $626 per month.
What is the price-to-rent ratio in Edwards County, Texas?
The price-to-rent ratio in Edwards County, Texas is about 4.5, meaning it would take roughly 4.5 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 Edwards County.
Are home prices or rent rising faster in Edwards County, Texas?
Both home prices and rent are rising in Edwards County, up about 11.2% and 7.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Edwards County, Texas?
49.6% of households in Edwards County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Edwards County, Texas?
The housing vacancy rate in Edwards County, Texas is 47.5%, higher than the Texas average of 9.6%.