Hopkins County, Texas Housing Market Prices
Hopkins 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.
-
Median home price 92% below the Texas median$21,791
-
Median rent 21% below the Texas median More expensive than 76% of counties in Texas$1,108
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hopkins County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $21,791 | $258,873 | $248,835 |
| Price Trend (Annual %) | -16.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,108 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hopkins County is about 92% lower than in Texas. Rent is about 21% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Hopkins County: home prices fell about 16.5% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
Median rent in Hopkins County rose about 63.9% between 2015 and 2024, from $676 to $1,108. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Hopkins County.
Buying the median-priced home in Hopkins County costs roughly 1.6 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 Hopkins County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Hopkins County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $21,791 | $258,873 | $248,835 |
| Median Household Income | $69,823 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hopkins County fell about 86.5%, while median household income rose about 63.9% 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 | Hopkins County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 56.7% | 58.5% |
| Rental Rate | 25.5% | 33.9% | 31.2% |
| Vacancy Rate | 11.8% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Hopkins County has a homeownership rate of 62.7%, higher than the Texas average of 56.7%. Its housing vacancy rate is 11.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | Hopkins County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1985 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Hopkins County was built around 1985. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Hopkins County, TX Housing Compared With Nearby Counties
Hopkins County, TX is the 3rd largest of the 4 counties compared here, 37,784 residents against a local median of 46,961. The measure that sets Hopkins County, TX apart most is median home price: $21,791, 92% below the local median of $268,299.
Median rent tells the same story from another angle: $1,108 against a local median of $936, 18% above it. The counties themselves sit within $94,111 of each other on median home price, a tighter band than the gap between any of them and Hopkins County, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Hopkins County, TX has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hopkins County, TX | 37,784 | $21,791 #4/4 | $1,108 #1/4 | 71.1% #3/4 |
| Franklin County, TX | 10,632 | $268,299 | $936 | 82.0% |
| Wood County, TX | 46,961 | $282,777 | $862 | 80.1% |
| Lamar County, TX | 50,669 | $188,666 | $949 | 66.1% |
Frequently Asked Questions
Common questions about the housing market in Hopkins County, Texas.
What is the median home price in Hopkins County, Texas?
The median home price in Hopkins County, Texas is $21,791, lower than the Texas average of $258,873.
What is the average home price in Hopkins County, Texas?
The typical home price in Hopkins County, Texas, reported as the median sale price, is $21,791. 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 Hopkins County, Texas?
The median gross rent in Hopkins County, Texas is $1,108 per month, lower than the Texas average of $1,402.
What was the median gross rent in Hopkins County in 2020?
In 2020, the median gross rent in Hopkins County, Texas was $835 per month.
What is the price-to-rent ratio in Hopkins County, Texas?
The price-to-rent ratio in Hopkins County, Texas is about 1.6, meaning it would take roughly 1.6 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 Hopkins County.
Are home prices or rent rising faster in Hopkins County, Texas?
Home prices and rent are moving in opposite directions in Hopkins County: home prices fell about 16.5% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Hopkins County, Texas?
62.7% of households in Hopkins County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Hopkins County, Texas?
The housing vacancy rate in Hopkins County, Texas is 11.8%, higher than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →