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 | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,043 | $248,418 | $242,182 |
| Price Trend (Annual %) | 21.2% | 9.9% | 8.2% |
| Median Gross Rent | $1,183 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hunt County is about 9% lower than in Texas. Rent is about 12% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Hunt County, up about 21.2% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Hunt County rose about 56.8% between 2015 and 2023, from $755 to $1,183. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Hunt County.
Buying the median-priced home in Hunt County costs roughly 16.0 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 Hunt County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,043 | $248,418 | $242,182 |
| Median Household Income | $70,696 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hunt County rose about 234.4%, while median household income rose about 64.6% between 2009 and 2023 — 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 | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 56.5% | 58.2% |
| Rental Rate | 26.1% | 33.8% | 31.3% |
| Vacancy Rate | 10.5% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Hunt County has a homeownership rate of 63.3%, higher than the Texas average of 56.5%. Its housing vacancy rate is 10.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1991 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Hunt County was built around 1991. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hunt County, Texas.
What is the median home price in Hunt County, Texas?
The median home price in Hunt County, Texas is $227,043, lower than the Texas average of $248,418.
What is the average home price in Hunt 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 Hunt County, Texas?
The median gross rent in Hunt County, Texas is $1,183 per month, lower than the Texas average of $1,338.
What was the median gross rent in Hunt County in 2020?
In 2020, the median gross rent in Hunt County, Texas was $952 per month.
What is the price-to-rent ratio in Hunt County, Texas?
The price-to-rent ratio in Hunt County, Texas is about 16.0, meaning it would take roughly 16.0 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 Hunt County.
Are home prices or rent rising faster in Hunt County, Texas?
Both home prices and rent are rising in Hunt County, up about 21.2% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hunt County, Texas?
63.3% of households in Hunt County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Hunt County, Texas?
The housing vacancy rate in Hunt County, Texas is 10.5%, higher than the Texas average of 9.6%.