Texas Housing Market Prices
Texas 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 4% above the US median$258,873
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Median rent About the same as the US median$1,402
Median Home Price Map: Counties in Texas
Housing Market Overview
| Metric | Texas | US Average |
|---|---|---|
| Median Home Price | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.2% | 7.5% |
| Median Gross Rent | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Texas is about 4% higher than in US. Rent follows a similar pattern, running close to the US 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 Texas, up about 9.2% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Texas rose about 59.1% between 2015 and 2024, from $881 to $1,402. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Texas.
Buying the median-priced home in Texas costs roughly 15.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Texas. The price-to-rent ratio in US is about 14.7.
| Metric | Texas | US Average |
|---|---|---|
| Median Home Price | $258,873 | $248,835 |
| Median Household Income | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Texas rose about 108.6%, while median household income rose about 59.8% 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 | Texas | US Average |
|---|---|---|
| Homeownership Rate | 56.7% | 58.5% |
| Rental Rate | 33.9% | 31.2% |
| Vacancy Rate | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 |
Texas has a homeownership rate of 56.7%, lower than the US average of 58.5%. Its housing vacancy rate is 9.4%, compared with 10.2% in US.
Housing Stock
| Metric | Texas | US Average |
|---|---|---|
| Average Household Size | 2.69 people | 2.53 people |
| Median Structure Built Year | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 |
The typical housing unit in Texas was built around 1990. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Texas Housing Compared With Nearby States
Texas is the largest of the 6 states compared here, 30,160,889 residents against a local median of 3,049,066. Where Texas breaks from the states next to it is median home price, sitting 94% above the local median of $133,462 at $258,873.
Median rent tells the same story from another angle: $1,402 against a local median of $1,060, 32% above it. The states themselves spread $99,479 on median home price, so Texas sits at one end of an already wide local range rather than apart from it. Texas has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Texas | 30,160,889 | $258,873 #1/6 | $1,402 #1/6 | 62.6% #6/6 |
| Oklahoma | 4,028,385 | $133,462 | $1,014 | 65.8% |
| Kansas | 2,945,842 | $104,644 | $1,060 | 67.1% |
| New Mexico | 2,118,085 | $204,122 | $1,067 | 70.0% |
| Louisiana | 4,610,276 | $170,446 | $1,063 | 67.4% |
| Arkansas | 3,049,066 | $111,957 | $947 | 66.4% |
Frequently Asked Questions
Common questions about the housing market in Texas.
What is the median home price in Texas?
The median home price in Texas is $258,873, higher than the US average of $248,835.
What is the average home price in Texas?
The typical home price in Texas, reported as the median sale price, is $258,873. 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 Texas?
The median gross rent in Texas is $1,402 per month, about the same as the US average.
What was the median gross rent in Texas in 2020?
In 2020, the median gross rent in Texas was $1,081 per month.
What is the price-to-rent ratio in Texas?
The price-to-rent ratio in Texas is about 15.4, meaning it would take roughly 15.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Texas.
Are home prices or rent rising faster in Texas?
Both home prices and rent are rising in Texas, up about 9.2% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Texas?
56.7% of households in Texas own their home, lower than the US average of 58.5%.
What is the vacancy rate in Texas?
The housing vacancy rate in Texas is 9.4%, lower than the US average of 10.2%.
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