Hale County, Texas Housing Market Prices
Hale 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 46% below the Texas median$140,624
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Median rent 40% below the Texas median Cheaper than 73% of counties in Texas$836
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,624 | $258,873 | $248,835 |
| Price Trend (Annual %) | 37.5% | 9.2% | 7.5% |
| Median Gross Rent | $836 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hale County is about 46% lower than in Texas. Rent is about 40% 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 Hale County, up about 37.5% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Hale County rose about 35.8% between 2015 and 2024, from $616 to $836. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Hale County.
Buying the median-priced home in Hale County costs roughly 14.0 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 Hale County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,624 | $258,873 | $248,835 |
| Median Household Income | $52,270 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hale County rose about 390.8%, while median household income rose about 47.4% 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 | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.8% | 56.7% | 58.5% |
| Rental Rate | 32.5% | 33.9% | 31.2% |
| Vacancy Rate | 17.7% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Hale County has a homeownership rate of 49.8%, lower than the Texas average of 56.7%. Its housing vacancy rate is 17.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1971 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Hale County was built around 1971. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Hale County, TX Housing Compared With Nearby Counties
How Hale County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hale County, TX | 32,131 | $140,624 #2/3 | $836 #3/3 | 60.5% #2/3 |
| Lubbock County, TX | 318,883 | $256,713 | $1,177 | 55.5% |
| Lamb County, TX | 12,828 | $119,374 | $967 | 74.0% |
Frequently Asked Questions
Common questions about the housing market in Hale County, Texas.
What is the median home price in Hale County, Texas?
The median home price in Hale County, Texas is $140,624, lower than the Texas average of $258,873.
What is the average home price in Hale County, Texas?
The typical home price in Hale County, Texas, reported as the median sale price, is $140,624. 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 Hale County, Texas?
The median gross rent in Hale County, Texas is $836 per month, lower than the Texas average of $1,402.
What was the median gross rent in Hale County in 2020?
In 2020, the median gross rent in Hale County, Texas was $660 per month.
What is the price-to-rent ratio in Hale County, Texas?
The price-to-rent ratio in Hale County, Texas is about 14.0, meaning it would take roughly 14.0 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 Hale County.
Are home prices or rent rising faster in Hale County, Texas?
Both home prices and rent are rising in Hale County, up about 37.5% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hale County, Texas?
49.8% of households in Hale County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Hale County, Texas?
The housing vacancy rate in Hale County, Texas is 17.7%, higher than the Texas average of 9.4%.
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