Gillespie County, Texas Housing Market Prices
Gillespie 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 96% above the Texas median$507,022
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Median rent 4% below the Texas median More expensive than 90% of counties in Texas$1,339
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $507,022 | $258,873 | $248,835 |
| Price Trend (Annual %) | 13.1% | 9.2% | 7.5% |
| Median Gross Rent | $1,339 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gillespie County is about 96% higher than in Texas. Rent is about 4% 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 Gillespie County, up about 13.1% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Gillespie County rose about 54.8% between 2015 and 2024, from $865 to $1,339. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Gillespie County.
Buying the median-priced home in Gillespie County costs roughly 31.5 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 Gillespie County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $507,022 | $258,873 | $248,835 |
| Median Household Income | $76,640 | $78,939 | $80,455 |
| Price-to-Income Ratio | 6.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gillespie County rose about 150.7%, while median household income rose about 34.4% 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 | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 56.7% | 58.5% |
| Rental Rate | 20.1% | 33.9% | 31.2% |
| Vacancy Rate | 19.9% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Gillespie County has a homeownership rate of 60.0%, higher than the Texas average of 56.7%. Its housing vacancy rate is 19.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1991 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.4 | 5.5 |
The typical housing unit in Gillespie County was built around 1991. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Gillespie County, TX Housing Compared With Nearby Counties
Gillespie County, TX is the 3rd largest of the 5 counties compared here, 27,524 residents against a local median of 35,495. The measure that sets Gillespie County, TX apart most is median home price: $507,022, 79% above the local median of $283,932.
Median rent tells the same story from another angle: $1,339 against a local median of $1,063, 26% above it. The counties themselves spread $319,710 on median home price, so Gillespie County, TX sits at one end of an already wide local range rather than apart from it. Gillespie County, TX has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gillespie County, TX | 27,524 | $507,022 #1/5 | $1,339 #2/5 | 74.9% #4/5 |
| Kendall County, TX | 48,567 | $98,094 | $1,606 | 79.5% |
| Llano County, TX | 22,424 | $238,235 | $997 | 76.5% |
| Kerr County, TX | 53,489 | $417,805 | $1,109 | 70.1% |
| Blanco County, TX | 12,446 | $329,629 | $1,017 | 76.2% |
Frequently Asked Questions
Common questions about the housing market in Gillespie County, Texas.
What is the median home price in Gillespie County, Texas?
The median home price in Gillespie County, Texas is $507,022, higher than the Texas average of $258,873.
What is the average home price in Gillespie County, Texas?
The typical home price in Gillespie County, Texas, reported as the median sale price, is $507,022. 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 Gillespie County, Texas?
The median gross rent in Gillespie County, Texas is $1,339 per month, lower than the Texas average of $1,402.
What was the median gross rent in Gillespie County in 2020?
In 2020, the median gross rent in Gillespie County, Texas was $992 per month.
What is the price-to-rent ratio in Gillespie County, Texas?
The price-to-rent ratio in Gillespie County, Texas is about 31.5, meaning it would take roughly 31.5 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 Gillespie County.
Are home prices or rent rising faster in Gillespie County, Texas?
Both home prices and rent are rising in Gillespie County, up about 13.1% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gillespie County, Texas?
60.0% of households in Gillespie County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Gillespie County, Texas?
The housing vacancy rate in Gillespie County, Texas is 19.9%, higher than the Texas average of 9.4%.
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