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 | Hartley County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 0.9% | 9.9% | 8.2% |
| Median Gross Rent | $1,023 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hartley County is about 41% higher than in Texas. Rent is about 24% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Hartley County, up about 0.9% and 5.6% a year respectively. Rent is changing faster.
Median rent in Hartley County rose about 40.3% between 2015 and 2023, from $729 to $1,023. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Hartley County.
Buying the median-priced home in Hartley County costs roughly 28.5 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 Hartley County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Hartley County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $350,000 | $248,418 | $242,182 |
| Median Household Income | $82,311 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Hartley County rose about 7.7%, while median household income rose about 41.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hartley County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 56.5% | 58.2% |
| Rental Rate | 21.1% | 33.8% | 31.3% |
| Vacancy Rate | 9.6% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Hartley County has a homeownership rate of 69.4%, higher than the Texas average of 56.5%. Its housing vacancy rate is 9.6%, compared with 9.6% in Texas.
Housing Stock
| Metric | Hartley County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1978 | 1989 | 1978 |
| Median Number of Rooms | 6.5 | 5.4 | 5.5 |
The typical housing unit in Hartley County was built around 1978. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hartley County, Texas.
What is the median home price in Hartley County, Texas?
The median home price in Hartley County, Texas is $350,000, higher than the Texas average of $248,418.
What is the average home price in Hartley 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 Hartley County, Texas?
The median gross rent in Hartley County, Texas is $1,023 per month, lower than the Texas average of $1,338.
What was the median gross rent in Hartley County in 2020?
In 2020, the median gross rent in Hartley County, Texas was $954 per month.
What is the price-to-rent ratio in Hartley County, Texas?
The price-to-rent ratio in Hartley County, Texas is about 28.5, meaning it would take roughly 28.5 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 Hartley County.
Are home prices or rent rising faster in Hartley County, Texas?
Both home prices and rent are rising in Hartley County, up about 0.9% and 5.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Hartley County, Texas?
69.4% of households in Hartley County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Hartley County, Texas?
The housing vacancy rate in Hartley County, Texas is 9.6%, lower than the Texas average of 9.6%.