Farmers Branch, Texas Housing Market Prices
Farmers Branch 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 129% above the Texas median$592,335
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Median rent 30% above the Texas median$1,818
Housing Market Overview
| Metric | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $592,335 | $258,873 | $248,835 |
| Price Trend (Annual %) | 24.3% | 9.2% | 7.5% |
| Median Gross Rent | $1,818 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Farmers Branch is about 129% higher than in Texas. Rent is about 30% higher 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 Farmers Branch, up about 24.3% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Farmers Branch rose about 69.7% between 2015 and 2024, from $1,072 to $1,818. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Farmers Branch.
Buying the median-priced home in Farmers Branch costs roughly 27.1 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 Farmers Branch. The price-to-rent ratio in Texas is about 15.4.
| Metric | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $592,335 | $258,873 | $248,835 |
| Median Household Income | $88,799 | $78,939 | $80,455 |
| Price-to-Income Ratio | 6.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Farmers Branch rose about 85.2%, while median household income rose about 72.4% 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 | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.2% | 56.7% | 58.5% |
| Rental Rate | 44.7% | 33.9% | 31.2% |
| Vacancy Rate | 7.1% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Farmers Branch has a homeownership rate of 48.2%, lower than the Texas average of 56.7%. Its housing vacancy rate is 7.1%, compared with 9.4% in Texas.
Housing Stock
| Metric | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1975 | 1990 | 1978 |
| Median Number of Rooms | 4.9 | 5.4 | 5.5 |
The typical housing unit in Farmers Branch was built around 1975. On average, 2.5 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Farmers Branch, TX Housing Compared With Nearby Cities
How Farmers Branch, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Farmers Branch, TX | 29,458 | $592,335 #1/3 | $1,818 #1/3 | 51.9% #2/3 |
| Carrollton, TX | 139,254 | $469,500 | $1,727 | 57.8% |
| Irving, TX | 255,814 | $440,804 | $1,618 | 38.1% |
Frequently Asked Questions
Common questions about the housing market in Farmers Branch, Texas.
What is the median home price in Farmers Branch, Texas?
The median home price in Farmers Branch, Texas is $592,335, higher than the Texas average of $258,873.
What is the average home price in Farmers Branch, Texas?
The typical home price in Farmers Branch, Texas, reported as the median sale price, is $592,335. 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 Farmers Branch, Texas?
The median gross rent in Farmers Branch, Texas is $1,818 per month, higher than the Texas average of $1,402.
What was the median gross rent in Farmers Branch in 2020?
In 2020, the median gross rent in Farmers Branch, Texas was $1,402 per month.
What is the price-to-rent ratio in Farmers Branch, Texas?
The price-to-rent ratio in Farmers Branch, Texas is about 27.1, meaning it would take roughly 27.1 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 Farmers Branch.
Are home prices or rent rising faster in Farmers Branch, Texas?
Both home prices and rent are rising in Farmers Branch, up about 24.3% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Farmers Branch, Texas?
48.2% of households in Farmers Branch, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Farmers Branch, Texas?
The housing vacancy rate in Farmers Branch, Texas is 7.1%, lower than the Texas average of 9.4%.
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