Hemphill County, Texas Housing Market Prices
Hemphill County 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 57% below the Texas median Cheaper than 70% of counties in Texas$112,500
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Median rent 40% below the Texas median Cheaper than 73% of counties in Texas$836
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hemphill County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $258,873 | $248,835 |
| Price Trend (Annual %) | 3.5% | 9.2% | 7.5% |
| Median Gross Rent | $836 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hemphill County is about 57% lower than in Texas. Rent is about 40% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hemphill County, up about 3.5% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Hemphill County rose about 17.3% between 2015 and 2024, from $713 to $836. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Hemphill County.
Buying the median-priced home in Hemphill County costs roughly 11.2 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 Hemphill County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Hemphill County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $258,873 | $248,835 |
| Median Household Income | $63,947 | $78,939 | $80,455 |
| Price-to-Income Ratio | 1.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Hemphill County rose about 23.2%, while median household income rose about 6.3% 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 | Hemphill County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.5% | 56.7% | 58.5% |
| Rental Rate | 24.2% | 33.9% | 31.2% |
| Vacancy Rate | 16.3% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Hemphill County has a homeownership rate of 59.5%, higher than the Texas average of 56.7%. Its housing vacancy rate is 16.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Hemphill County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.16 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1975 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Hemphill County was built around 1975. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hemphill County, Texas.
What is the median home price in Hemphill County, Texas?
The median home price in Hemphill County, Texas is $112,500, lower than the Texas average of $258,873.
What is the average home price in Hemphill County, Texas?
The typical home price in Hemphill County, Texas, reported as the median sale price, is $112,500. 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 Hemphill County, Texas?
The median gross rent in Hemphill County, Texas is $836 per month, lower than the Texas average of $1,402.
What was the median gross rent in Hemphill County in 2020?
In 2020, the median gross rent in Hemphill County, Texas was $940 per month.
What is the price-to-rent ratio in Hemphill County, Texas?
The price-to-rent ratio in Hemphill County, Texas is about 11.2, meaning it would take roughly 11.2 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 Hemphill County.
Are home prices or rent rising faster in Hemphill County, Texas?
Both home prices and rent are rising in Hemphill County, up about 3.5% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hemphill County, Texas?
59.5% of households in Hemphill County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Hemphill County, Texas?
The housing vacancy rate in Hemphill County, Texas is 16.3%, higher than the Texas average of 9.4%.
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