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 | Grayson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,294 | $248,418 | $242,182 |
| Price Trend (Annual %) | 16.1% | 9.9% | 8.2% |
| Median Gross Rent | $1,177 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grayson County is about 5% higher than in Texas. Rent is about 12% 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 Grayson County, up about 16.1% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Grayson County rose about 51.0% between 2015 and 2023, from $780 to $1,177. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Grayson County.
Buying the median-priced home in Grayson County costs roughly 18.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Grayson County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Grayson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,294 | $248,418 | $242,182 |
| Median Household Income | $70,448 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Grayson County rose about 191.6%, while median household income rose about 55.9% 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 | Grayson County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.5% | 56.5% | 58.2% |
| Rental Rate | 28.9% | 33.8% | 31.3% |
| Vacancy Rate | 11.7% | 9.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Grayson County has a homeownership rate of 59.5%, higher than the Texas average of 56.5%. Its housing vacancy rate is 11.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Grayson County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Grayson County was built around 1986. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grayson County, Texas.
What is the median home price in Grayson County, Texas?
The median home price in Grayson County, Texas is $260,294, higher than the Texas average of $248,418.
What is the average home price in Grayson 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 Grayson County, Texas?
The median gross rent in Grayson County, Texas is $1,177 per month, lower than the Texas average of $1,338.
What was the median gross rent in Grayson County in 2020?
In 2020, the median gross rent in Grayson County, Texas was $908 per month.
What is the price-to-rent ratio in Grayson County, Texas?
The price-to-rent ratio in Grayson County, Texas is about 18.4, meaning it would take roughly 18.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Grayson County.
Are home prices or rent rising faster in Grayson County, Texas?
Both home prices and rent are rising in Grayson County, up about 16.1% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grayson County, Texas?
59.5% of households in Grayson County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Grayson County, Texas?
The housing vacancy rate in Grayson County, Texas is 11.7%, higher than the Texas average of 9.6%.