Fannin County, Texas Housing Market Prices
Fannin County 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 40% below the Texas median$154,101
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Median rent 26% below the Texas median$1,035
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,101 | $258,873 | $248,835 |
| Price Trend (Annual %) | 10.2% | 9.2% | 7.5% |
| Median Gross Rent | $1,035 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fannin County is about 40% lower than in Texas. Rent is about 26% 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 Fannin County, up about 10.2% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Fannin County rose about 50.6% between 2015 and 2024, from $687 to $1,035. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Fannin County.
Buying the median-priced home in Fannin County costs roughly 12.4 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 Fannin County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,101 | $258,873 | $248,835 |
| Median Household Income | $71,410 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fannin County rose about 88.7%, while median household income rose about 62.1% 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 | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 56.7% | 58.5% |
| Rental Rate | 18.3% | 33.9% | 31.2% |
| Vacancy Rate | 13.8% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Fannin County has a homeownership rate of 67.8%, higher than the Texas average of 56.7%. Its housing vacancy rate is 13.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1985 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Fannin County was built around 1985. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Fannin County, TX Housing Compared With Nearby Counties
Fannin County, TX is the smallest of the 5 counties compared here, 37,326 residents against a local median of 79,820. Fannin County, TX's median home price, at $154,101, runs 25% below the $205,817 typical of the counties around it.
Homeownership tells the same story from another angle: 78.7% against a local median of 66.4%, 19% above it. The one measure here that carries a verdict is homeownership, and at 19% above the local median it puts Fannin County, TX at the better end of the local range. The counties themselves spread $210,222 on median home price, so Fannin County, TX sits at one end of an already wide local range rather than apart from it. Fannin County, TX has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fannin County, TX | 37,326 | $154,101 #4/5 | $1,035 #3/5 | 78.7% #1/5 |
| Bryan County, OK | 48,252 | $98,665 | $959 | 63.8% |
| Hunt County, TX | 108,970 | $222,968 | $1,221 | 71.3% |
| Lamar County, TX | 50,669 | $188,666 | $949 | 66.1% |
| Grayson County, TX | 143,336 | $308,887 | $1,310 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Fannin County, Texas.
What is the median home price in Fannin County, Texas?
The median home price in Fannin County, Texas is $154,101, lower than the Texas average of $258,873.
What is the average home price in Fannin County, Texas?
The typical home price in Fannin County, Texas, reported as the median sale price, is $154,101. 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 Fannin County, Texas?
The median gross rent in Fannin County, Texas is $1,035 per month, lower than the Texas average of $1,402.
What was the median gross rent in Fannin County in 2020?
In 2020, the median gross rent in Fannin County, Texas was $858 per month.
What is the price-to-rent ratio in Fannin County, Texas?
The price-to-rent ratio in Fannin County, Texas is about 12.4, meaning it would take roughly 12.4 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 Fannin County.
Are home prices or rent rising faster in Fannin County, Texas?
Both home prices and rent are rising in Fannin County, up about 10.2% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fannin County, Texas?
67.8% of households in Fannin County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Fannin County, Texas?
The housing vacancy rate in Fannin County, Texas is 13.8%, higher than the Texas average of 9.4%.
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