Gregg County, Texas Housing Market Prices
Gregg 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 15% below the Texas median$219,385
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Median rent 21% below the Texas median More expensive than 76% of counties in Texas$1,101
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gregg County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,385 | $258,873 | $248,835 |
| Price Trend (Annual %) | 3.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,101 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gregg County is about 15% lower than in Texas. Rent is about 21% 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 Gregg County, up about 3.8% and 4.3% a year respectively. Rent is changing faster.
Median rent in Gregg County rose about 43.0% between 2015 and 2024, from $770 to $1,101. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Gregg County.
Buying the median-priced home in Gregg County costs roughly 16.6 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 Gregg County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Gregg County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,385 | $258,873 | $248,835 |
| Median Household Income | $67,149 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gregg County rose about 22.3%, while median household income rose about 46.1% 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 | Gregg County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.1% | 56.7% | 58.5% |
| Rental Rate | 35.5% | 33.9% | 31.2% |
| Vacancy Rate | 10.4% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Gregg County has a homeownership rate of 54.1%, lower than the Texas average of 56.7%. Its housing vacancy rate is 10.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Gregg County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1981 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Gregg County was built around 1981. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Gregg County, TX Housing Compared With Nearby Counties
Gregg County, TX is the 2nd largest of the 5 counties compared here, 125,481 residents against a local median of 61,498. The measure that sets Gregg County, TX apart most is median home price: $219,385, 79% above the local median of $122,544.
Homeownership tells the same story from another angle: 60.3% against a local median of 77.2%, 22% below it. The one measure here that carries a verdict is homeownership, and at 22% below the local median it puts Gregg County, TX at the weaker end of the local range. The counties themselves spread $192,291 on median home price, so Gregg County, TX sits at one end of an already wide local range rather than apart from it. Gregg County, TX has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gregg County, TX | 125,481 | $219,385 #2/5 | $1,101 #2/5 | 60.3% #5/5 |
| Rusk County, TX | 52,842 | $59,204 | $1,015 | 78.8% |
| Harrison County, TX | 70,155 | $248,957 | $973 | 76.9% |
| Smith County, TX | 241,737 | $185,885 | $1,238 | 68.8% |
| Camp County, TX | 12,798 | $56,666 | $801 | 77.5% |
Frequently Asked Questions
Common questions about the housing market in Gregg County, Texas.
What is the median home price in Gregg County, Texas?
The median home price in Gregg County, Texas is $219,385, lower than the Texas average of $258,873.
What is the average home price in Gregg County, Texas?
The typical home price in Gregg County, Texas, reported as the median sale price, is $219,385. 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 Gregg County, Texas?
The median gross rent in Gregg County, Texas is $1,101 per month, lower than the Texas average of $1,402.
What was the median gross rent in Gregg County in 2020?
In 2020, the median gross rent in Gregg County, Texas was $871 per month.
What is the price-to-rent ratio in Gregg County, Texas?
The price-to-rent ratio in Gregg County, Texas is about 16.6, meaning it would take roughly 16.6 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 Gregg County.
Are home prices or rent rising faster in Gregg County, Texas?
Both home prices and rent are rising in Gregg County, up about 3.8% and 4.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Gregg County, Texas?
54.1% of households in Gregg County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Gregg County, Texas?
The housing vacancy rate in Gregg County, Texas is 10.4%, higher than the Texas average of 9.4%.
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