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 | Freestone County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,769 | $248,418 | $242,182 |
| Price Trend (Annual %) | 34.4% | 9.9% | 8.2% |
| Median Gross Rent | $843 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Freestone County is about 17% lower than in Texas. Rent is about 37% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Freestone County, up about 34.4% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Freestone County rose about 29.1% between 2015 and 2023, from $653 to $843. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Freestone County.
Buying the median-priced home in Freestone County costs roughly 20.3 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 Freestone County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Freestone County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,769 | $248,418 | $242,182 |
| Median Household Income | $58,765 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Freestone County rose about 414.4%, while median household income rose about 32.9% between 2009 and 2023 — 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 | Freestone County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 56.5% | 58.2% |
| Rental Rate | 19.0% | 33.8% | 31.3% |
| Vacancy Rate | 24.5% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Freestone County has a homeownership rate of 56.5%, about the same as the Texas average of 56.5%. Its housing vacancy rate is 24.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Freestone County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1990 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Freestone County was built around 1990. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Freestone County, Texas.
What is the median home price in Freestone County, Texas?
The median home price in Freestone County, Texas is $205,769, lower than the Texas average of $248,418.
What is the average home price in Freestone 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 Freestone County, Texas?
The median gross rent in Freestone County, Texas is $843 per month, lower than the Texas average of $1,338.
What was the median gross rent in Freestone County in 2020?
In 2020, the median gross rent in Freestone County, Texas was $721 per month.
What is the price-to-rent ratio in Freestone County, Texas?
The price-to-rent ratio in Freestone County, Texas is about 20.3, meaning it would take roughly 20.3 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 Freestone County.
Are home prices or rent rising faster in Freestone County, Texas?
Both home prices and rent are rising in Freestone County, up about 34.4% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Freestone County, Texas?
56.5% of households in Freestone County, Texas own their home, about the same as the Texas average.
What is the vacancy rate in Freestone County, Texas?
The housing vacancy rate in Freestone County, Texas is 24.5%, higher than the Texas average of 9.6%.