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 | Jackson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,666 | $248,418 | $242,182 |
| Price Trend (Annual %) | 19.3% | 9.9% | 8.2% |
| Median Gross Rent | $1,011 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson County is about 33% lower than in Texas. Rent is about 24% 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 Jackson County, up about 19.3% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Jackson County rose about 25.5% between 2015 and 2023, from $805 to $1,011. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Jackson County.
Buying the median-priced home in Jackson County costs roughly 13.7 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 Jackson County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Jackson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,666 | $248,418 | $242,182 |
| Median Household Income | $64,316 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jackson County rose about 187.4%, while median household income rose about 32.6% 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 | Jackson County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.2% | 56.5% | 58.2% |
| Rental Rate | 23.1% | 33.8% | 31.3% |
| Vacancy Rate | 22.7% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Jackson County has a homeownership rate of 54.2%, lower than the Texas average of 56.5%. Its housing vacancy rate is 22.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Jackson County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1975 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Jackson County was built around 1975. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson County, Texas.
What is the median home price in Jackson County, Texas?
The median home price in Jackson County, Texas is $166,666, lower than the Texas average of $248,418.
What is the average home price in Jackson 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 Jackson County, Texas?
The median gross rent in Jackson County, Texas is $1,011 per month, lower than the Texas average of $1,338.
What was the median gross rent in Jackson County in 2020?
In 2020, the median gross rent in Jackson County, Texas was $830 per month.
What is the price-to-rent ratio in Jackson County, Texas?
The price-to-rent ratio in Jackson County, Texas is about 13.7, meaning it would take roughly 13.7 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 Jackson County.
Are home prices or rent rising faster in Jackson County, Texas?
Both home prices and rent are rising in Jackson County, up about 19.3% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jackson County, Texas?
54.2% of households in Jackson County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Jackson County, Texas?
The housing vacancy rate in Jackson County, Texas is 22.7%, higher than the Texas average of 9.6%.