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 | Hall County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,937 | $248,418 | $242,182 |
| Price Trend (Annual %) | 151.2% | 9.9% | 8.2% |
| Median Gross Rent | $610 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 1.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hall County is about 5% higher than in Texas. Rent is about 54% 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 Hall County, up about 151.2% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Hall County rose about 23.1% between 2015 and 2023, from $496 to $610. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Hall County.
Buying the median-priced home in Hall County costs roughly 35.6 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 Hall County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Hall County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,937 | $248,418 | $242,182 |
| Median Household Income | $47,447 | $76,510 | $78,145 |
| Price-to-Income Ratio | 5.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hall County rose about 2067.9%, while median household income rose about 63.9% 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 | Hall County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.7% | 56.5% | 58.2% |
| Rental Rate | 16.5% | 33.8% | 31.3% |
| Vacancy Rate | 33.8% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Hall County has a homeownership rate of 49.7%, lower than the Texas average of 56.5%. Its housing vacancy rate is 33.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Hall County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1959 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Hall County was built around 1959. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hall County, Texas.
What is the median home price in Hall County, Texas?
The median home price in Hall County, Texas is $260,937, higher than the Texas average of $248,418.
What is the average home price in Hall 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 Hall County, Texas?
The median gross rent in Hall County, Texas is $610 per month, lower than the Texas average of $1,338.
What was the median gross rent in Hall County in 2020?
In 2020, the median gross rent in Hall County, Texas was $536 per month.
What is the price-to-rent ratio in Hall County, Texas?
The price-to-rent ratio in Hall County, Texas is about 35.6, meaning it would take roughly 35.6 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 Hall County.
Are home prices or rent rising faster in Hall County, Texas?
Both home prices and rent are rising in Hall County, up about 151.2% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hall County, Texas?
49.7% of households in Hall County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Hall County, Texas?
The housing vacancy rate in Hall County, Texas is 33.8%, higher than the Texas average of 9.6%.