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 | Harrison County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $356,481 | $248,418 | $242,182 |
| Price Trend (Annual %) | 24.2% | 9.9% | 8.2% |
| Median Gross Rent | $976 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harrison County is about 44% higher than in Texas. Rent is about 27% 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 Harrison County, up about 24.2% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Harrison County rose about 39.8% between 2015 and 2023, from $698 to $976. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Harrison County.
Buying the median-priced home in Harrison County costs roughly 30.4 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 Harrison County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Harrison County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $356,481 | $248,418 | $242,182 |
| Median Household Income | $66,007 | $76,510 | $78,145 |
| Price-to-Income Ratio | 5.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Harrison County rose about 176.0%, while median household income rose about 57.4% 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 | Harrison County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 56.5% | 58.2% |
| Rental Rate | 21.7% | 33.8% | 31.3% |
| Vacancy Rate | 13.3% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Harrison County has a homeownership rate of 65.0%, higher than the Texas average of 56.5%. Its housing vacancy rate is 13.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Harrison County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Harrison County was built around 1982. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harrison County, Texas.
What is the median home price in Harrison County, Texas?
The median home price in Harrison County, Texas is $356,481, higher than the Texas average of $248,418.
What is the average home price in Harrison 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 Harrison County, Texas?
The median gross rent in Harrison County, Texas is $976 per month, lower than the Texas average of $1,338.
What was the median gross rent in Harrison County in 2020?
In 2020, the median gross rent in Harrison County, Texas was $819 per month.
What is the price-to-rent ratio in Harrison County, Texas?
The price-to-rent ratio in Harrison County, Texas is about 30.4, meaning it would take roughly 30.4 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 Harrison County.
Are home prices or rent rising faster in Harrison County, Texas?
Both home prices and rent are rising in Harrison County, up about 24.2% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Harrison County, Texas?
65.0% of households in Harrison County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Harrison County, Texas?
The housing vacancy rate in Harrison County, Texas is 13.3%, higher than the Texas average of 9.6%.