Fayette County, Texas Housing Market Prices
Fayette 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 19% above the Texas median More expensive than 82% of counties in Texas$308,333
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Median rent 30% below the Texas median$987
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fayette County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,333 | $258,873 | $248,835 |
| Price Trend (Annual %) | 21.8% | 9.2% | 7.5% |
| Median Gross Rent | $987 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fayette County is about 19% higher than in Texas. Rent is about 30% 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 Fayette County, up about 21.8% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Fayette County rose about 40.9% between 2015 and 2024, from $701 to $987. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Fayette County.
Buying the median-priced home in Fayette County costs roughly 26.0 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 Fayette County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Fayette County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,333 | $258,873 | $248,835 |
| Median Household Income | $76,163 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fayette County rose about 282.0%, while median household income rose about 62.7% 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 | Fayette County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 56.7% | 58.5% |
| Rental Rate | 16.2% | 33.9% | 31.2% |
| Vacancy Rate | 21.4% | 9.4% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Fayette County has a homeownership rate of 62.4%, higher than the Texas average of 56.7%. Its housing vacancy rate is 21.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Fayette County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1985 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Fayette County was built around 1985. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Fayette County, TX Housing Compared With Nearby Counties
Fayette County, TX is typical in size for this group, 25,042 residents against a local median of 28,827, so the measures below are close to a like for like comparison. Fayette County, TX sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 9% above the local median at $308,333 against $281,740. Fayette County, TX has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fayette County, TX | 25,042 | $308,333 #3/5 | $987 #3/5 | 79.4% #2/5 |
| Bastrop County, TX | 106,582 | $366,980 | $1,410 | 76.5% |
| Colorado County, TX | 21,006 | $168,749 | $925 | 79.5% |
| Lavaca County, TX | 20,552 | $196,499 | $910 | 78.3% |
| Washington County, TX | 36,647 | $377,272 | $1,164 | 69.8% |
Frequently Asked Questions
Common questions about the housing market in Fayette County, Texas.
What is the median home price in Fayette County, Texas?
The median home price in Fayette County, Texas is $308,333, higher than the Texas average of $258,873.
What is the average home price in Fayette County, Texas?
The typical home price in Fayette County, Texas, reported as the median sale price, is $308,333. 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 Fayette County, Texas?
The median gross rent in Fayette County, Texas is $987 per month, lower than the Texas average of $1,402.
What was the median gross rent in Fayette County in 2020?
In 2020, the median gross rent in Fayette County, Texas was $804 per month.
What is the price-to-rent ratio in Fayette County, Texas?
The price-to-rent ratio in Fayette County, Texas is about 26.0, meaning it would take roughly 26.0 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 Fayette County.
Are home prices or rent rising faster in Fayette County, Texas?
Both home prices and rent are rising in Fayette County, up about 21.8% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fayette County, Texas?
62.4% of households in Fayette County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Fayette County, Texas?
The housing vacancy rate in Fayette County, Texas is 21.4%, higher than the Texas average of 9.4%.
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