Gaines County, Texas Housing Market Prices
Gaines 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 16% above the Texas median More expensive than 81% of counties in Texas$300,000
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Median rent 44% below the Texas median Cheaper than 80% of counties in Texas$788
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gaines County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $300,000 | $258,873 | $248,835 |
| Price Trend (Annual %) | 16.7% | 9.2% | 7.5% |
| Median Gross Rent | $788 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 0.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gaines County is about 16% higher than in Texas. Rent is about 44% 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 Gaines County, up about 16.7% and 0.8% a year respectively. Home prices are changing faster.
Median rent in Gaines County rose about 4.7% between 2015 and 2024, from $753 to $788. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Gaines County.
Buying the median-priced home in Gaines County costs roughly 31.7 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 Gaines County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Gaines County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $300,000 | $258,873 | $248,835 |
| Median Household Income | $73,709 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gaines County rose about 121.4%, while median household income rose about 50.7% 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 | Gaines County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.0% | 56.7% | 58.5% |
| Rental Rate | 22.8% | 33.9% | 31.2% |
| Vacancy Rate | 10.2% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Gaines County has a homeownership rate of 67.0%, higher than the Texas average of 56.7%. Its housing vacancy rate is 10.2%, compared with 9.4% in Texas.
Housing Stock
| Metric | Gaines County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.18 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Gaines County was built around 1986. On average, 3.2 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Gaines County, TX Housing Compared With Nearby Counties
How Gaines County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gaines County, TX | 22,232 | $300,000 #1/3 | $788 #3/3 | 74.6% #1/3 |
| Yoakum County, TX | 7,571 | $163,140 | $972 | 66.8% |
| Lea County, NM | 73,733 | $162,562 | $1,101 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Gaines County, Texas.
What is the median home price in Gaines County, Texas?
The median home price in Gaines County, Texas is $300,000, higher than the Texas average of $258,873.
What is the average home price in Gaines County, Texas?
The typical home price in Gaines County, Texas, reported as the median sale price, is $300,000. 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 Gaines County, Texas?
The median gross rent in Gaines County, Texas is $788 per month, lower than the Texas average of $1,402.
What was the median gross rent in Gaines County in 2020?
In 2020, the median gross rent in Gaines County, Texas was $659 per month.
What is the price-to-rent ratio in Gaines County, Texas?
The price-to-rent ratio in Gaines County, Texas is about 31.7, meaning it would take roughly 31.7 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 Gaines County.
Are home prices or rent rising faster in Gaines County, Texas?
Both home prices and rent are rising in Gaines County, up about 16.7% and 0.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gaines County, Texas?
67.0% of households in Gaines County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Gaines County, Texas?
The housing vacancy rate in Gaines County, Texas is 10.2%, higher than the Texas average of 9.4%.
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