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 | Hamilton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,674 | $248,418 | $242,182 |
| Price Trend (Annual %) | 41.3% | 9.9% | 8.2% |
| Median Gross Rent | $846 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 41% lower than in Texas. Rent is about 37% 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 Hamilton County, up about 41.3% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Hamilton County rose about 32.8% between 2015 and 2023, from $637 to $846. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 14.5 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 Hamilton County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Hamilton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $147,674 | $248,418 | $242,182 |
| Median Household Income | $53,942 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hamilton County rose about 64.8%, while median household income rose about 40.2% 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 | Hamilton County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 56.5% | 58.2% |
| Rental Rate | 16.2% | 33.8% | 31.3% |
| Vacancy Rate | 28.1% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Hamilton County has a homeownership rate of 55.7%, lower than the Texas average of 56.5%. Its housing vacancy rate is 28.1%, compared with 9.6% in Texas.
Housing Stock
| Metric | Hamilton County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1968 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Hamilton County was built around 1968. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hamilton County, Texas.
What is the median home price in Hamilton County, Texas?
The median home price in Hamilton County, Texas is $147,674, lower than the Texas average of $248,418.
What is the average home price in Hamilton 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 Hamilton County, Texas?
The median gross rent in Hamilton County, Texas is $846 per month, lower than the Texas average of $1,338.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, Texas was $621 per month.
What is the price-to-rent ratio in Hamilton County, Texas?
The price-to-rent ratio in Hamilton County, Texas is about 14.5, meaning it would take roughly 14.5 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 Hamilton County.
Are home prices or rent rising faster in Hamilton County, Texas?
Both home prices and rent are rising in Hamilton County, up about 41.3% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hamilton County, Texas?
55.7% of households in Hamilton County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Hamilton County, Texas?
The housing vacancy rate in Hamilton County, Texas is 28.1%, higher than the Texas average of 9.6%.