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 | Hardin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,117 | $248,418 | $242,182 |
| Price Trend (Annual %) | 27.3% | 9.9% | 8.2% |
| Median Gross Rent | $1,011 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hardin County is about 2% lower than in Texas. Rent is about 24% 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 Hardin County, up about 27.3% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Hardin County rose about 24.2% between 2015 and 2023, from $814 to $1,011. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Hardin County.
Buying the median-priced home in Hardin County costs roughly 20.1 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 Hardin County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Hardin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,117 | $248,418 | $242,182 |
| Median Household Income | $72,754 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hardin County rose about 246.1%, while median household income rose about 39.6% 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 | Hardin County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.7% | 56.5% | 58.2% |
| Rental Rate | 15.4% | 33.8% | 31.3% |
| Vacancy Rate | 11.9% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Hardin County has a homeownership rate of 72.7%, higher than the Texas average of 56.5%. Its housing vacancy rate is 11.9%, compared with 9.6% in Texas.
Housing Stock
| Metric | Hardin County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1990 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Hardin County was built around 1990. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hardin County, Texas.
What is the median home price in Hardin County, Texas?
The median home price in Hardin County, Texas is $244,117, lower than the Texas average of $248,418.
What is the average home price in Hardin 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 Hardin County, Texas?
The median gross rent in Hardin County, Texas is $1,011 per month, lower than the Texas average of $1,338.
What was the median gross rent in Hardin County in 2020?
In 2020, the median gross rent in Hardin County, Texas was $846 per month.
What is the price-to-rent ratio in Hardin County, Texas?
The price-to-rent ratio in Hardin County, Texas is about 20.1, meaning it would take roughly 20.1 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 Hardin County.
Are home prices or rent rising faster in Hardin County, Texas?
Both home prices and rent are rising in Hardin County, up about 27.3% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hardin County, Texas?
72.7% of households in Hardin County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Hardin County, Texas?
The housing vacancy rate in Hardin County, Texas is 11.9%, higher than the Texas average of 9.6%.