Harker Heights, Texas Housing Market Prices
Harker Heights 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 11% above the Texas median$286,441
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Median rent 19% below the Texas median$1,133
Housing Market Overview
| Metric | Harker Heights | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,441 | $258,873 | $248,835 |
| Price Trend (Annual %) | 10.6% | 9.2% | 7.5% |
| Median Gross Rent | $1,133 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harker Heights is about 11% higher than in Texas. Rent is about 19% 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 Harker Heights, up about 10.6% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Harker Heights rose about 22.1% between 2015 and 2024, from $928 to $1,133. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Harker Heights.
Buying the median-priced home in Harker Heights costs roughly 21.1 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 Harker Heights. The price-to-rent ratio in Texas is about 15.4.
| Metric | Harker Heights | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,441 | $258,873 | $248,835 |
| Median Household Income | $74,935 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Harker Heights rose about 103.7%, while median household income rose about 10.7% 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 | Harker Heights | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.1% | 56.7% | 58.5% |
| Rental Rate | 39.0% | 33.9% | 31.2% |
| Vacancy Rate | 5.9% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Harker Heights has a homeownership rate of 55.1%, lower than the Texas average of 56.7%. Its housing vacancy rate is 5.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Harker Heights | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1998 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Harker Heights was built around 1998. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 10.0 years on average.
Harker Heights, TX Housing Compared With Nearby Cities
How Harker Heights, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Harker Heights, TX | 29,853 | $286,441 #1/2 | $1,133 #2/2 | 58.6% #1/2 |
| Killeen, TX | 148,206 | $189,503 | $1,205 | 48.8% |
Frequently Asked Questions
Common questions about the housing market in Harker Heights, Texas.
What is the median home price in Harker Heights, Texas?
The median home price in Harker Heights, Texas is $286,441, higher than the Texas average of $258,873.
What is the average home price in Harker Heights, Texas?
The typical home price in Harker Heights, Texas, reported as the median sale price, is $286,441. 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 Harker Heights, Texas?
The median gross rent in Harker Heights, Texas is $1,133 per month, lower than the Texas average of $1,402.
What was the median gross rent in Harker Heights in 2020?
In 2020, the median gross rent in Harker Heights, Texas was $906 per month.
What is the price-to-rent ratio in Harker Heights, Texas?
The price-to-rent ratio in Harker Heights, Texas is about 21.1, meaning it would take roughly 21.1 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 Harker Heights.
Are home prices or rent rising faster in Harker Heights, Texas?
Both home prices and rent are rising in Harker Heights, up about 10.6% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Harker Heights, Texas?
55.1% of households in Harker Heights, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Harker Heights, Texas?
The housing vacancy rate in Harker Heights, Texas is 5.9%, lower than the Texas average of 9.4%.
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