Friendswood, Texas Housing Market Prices
Friendswood 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 73% below the Texas median$69,417
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Median rent 11% above the Texas median$1,561
Housing Market Overview
| Metric | Friendswood | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,417 | $258,873 | $248,835 |
| Price Trend (Annual %) | -4.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,561 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Friendswood is about 73% lower than in Texas. Rent is about 11% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Friendswood: home prices fell about 4.4% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
Median rent in Friendswood rose about 41.7% between 2015 and 2024, from $1,101 to $1,561. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Friendswood.
Buying the median-priced home in Friendswood costs roughly 3.7 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 Friendswood. The price-to-rent ratio in Texas is about 15.4.
| Metric | Friendswood | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,417 | $258,873 | $248,835 |
| Median Household Income | $120,430 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Friendswood fell about 51.8%, while median household income rose about 25.1% between 2009 and 2025 — 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 | Friendswood | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.3% | 56.7% | 58.5% |
| Rental Rate | 23.9% | 33.9% | 31.2% |
| Vacancy Rate | 3.8% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Friendswood has a homeownership rate of 72.3%, higher than the Texas average of 56.7%. Its housing vacancy rate is 3.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | Friendswood | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 7.0 | 5.4 | 5.5 |
The typical housing unit in Friendswood was built around 1993. On average, 2.7 people live in a home with about 7.0 rooms, staying for about 13.0 years on average.
Friendswood, TX Housing Compared With Nearby Cities
How Friendswood, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Friendswood, TX | 40,186 | $69,417 #3/3 | $1,561 #3/3 | 75.1% #1/3 |
| League City, TX | 120,827 | $279,514 | $1,688 | 75.0% |
| Pearland, TX | 126,572 | $405,384 | $1,834 | 75.0% |
Frequently Asked Questions
Common questions about the housing market in Friendswood, Texas.
What is the median home price in Friendswood, Texas?
The median home price in Friendswood, Texas is $69,417, lower than the Texas average of $258,873.
What is the average home price in Friendswood, Texas?
The typical home price in Friendswood, Texas, reported as the median sale price, is $69,417. 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 Friendswood, Texas?
The median gross rent in Friendswood, Texas is $1,561 per month, higher than the Texas average of $1,402.
What was the median gross rent in Friendswood in 2020?
In 2020, the median gross rent in Friendswood, Texas was $1,297 per month.
What is the price-to-rent ratio in Friendswood, Texas?
The price-to-rent ratio in Friendswood, Texas is about 3.7, meaning it would take roughly 3.7 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 Friendswood.
Are home prices or rent rising faster in Friendswood, Texas?
Home prices and rent are moving in opposite directions in Friendswood: home prices fell about 4.4% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Friendswood, Texas?
72.3% of households in Friendswood, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Friendswood, Texas?
The housing vacancy rate in Friendswood, Texas is 3.8%, lower than the Texas average of 9.4%.
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