Hockley County, Texas Housing Market Prices
Hockley 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 51% below the Texas median$127,206
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Median rent 39% below the Texas median$850
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,206 | $258,873 | $248,835 |
| Price Trend (Annual %) | 0.1% | 9.2% | 7.5% |
| Median Gross Rent | $850 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hockley County is about 51% lower than in Texas. Rent is about 39% 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 Hockley County, up about 0.1% and 3.3% a year respectively. Rent is changing faster.
Median rent in Hockley County rose about 30.0% between 2015 and 2024, from $654 to $850. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Hockley County.
Buying the median-priced home in Hockley County costs roughly 12.5 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 Hockley County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,206 | $258,873 | $248,835 |
| Median Household Income | $63,140 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hockley County fell about 3.5%, while median household income rose about 20.1% between 2009 and 2025 — 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 | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 56.7% | 58.5% |
| Rental Rate | 23.8% | 33.9% | 31.2% |
| Vacancy Rate | 14.3% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Hockley County has a homeownership rate of 61.9%, higher than the Texas average of 56.7%. Its housing vacancy rate is 14.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1987 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Hockley County was built around 1987. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Hockley County, TX Housing Compared With Nearby Counties
Hockley County, TX is the 2nd largest of the 4 counties compared here, 21,363 residents against a local median of 12,828. Where Hockley County, TX breaks from the counties next to it is median home price, sitting 22% below the local median of $163,140 at $127,206.
The counties themselves spread $137,339 on median home price, so Hockley County, TX sits at one end of an already wide local range rather than apart from it. Hockley County, TX has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hockley County, TX | 21,363 | $127,206 #3/4 | $850 #4/4 | 72.2% #2/4 |
| Lamb County, TX | 12,828 | $119,374 | $967 | 74.0% |
| Lubbock County, TX | 318,883 | $256,713 | $1,177 | 55.5% |
| Yoakum County, TX | 7,571 | $163,140 | $972 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Hockley County, Texas.
What is the median home price in Hockley County, Texas?
The median home price in Hockley County, Texas is $127,206, lower than the Texas average of $258,873.
What is the average home price in Hockley County, Texas?
The typical home price in Hockley County, Texas, reported as the median sale price, is $127,206. 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 Hockley County, Texas?
The median gross rent in Hockley County, Texas is $850 per month, lower than the Texas average of $1,402.
What was the median gross rent in Hockley County in 2020?
In 2020, the median gross rent in Hockley County, Texas was $690 per month.
What is the price-to-rent ratio in Hockley County, Texas?
The price-to-rent ratio in Hockley County, Texas is about 12.5, meaning it would take roughly 12.5 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 Hockley County.
Are home prices or rent rising faster in Hockley County, Texas?
Both home prices and rent are rising in Hockley County, up about 0.1% and 3.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Hockley County, Texas?
61.9% of households in Hockley County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Hockley County, Texas?
The housing vacancy rate in Hockley County, Texas is 14.3%, higher than the Texas average of 9.4%.
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