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 | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,571 | $248,418 | $242,182 |
| Price Trend (Annual %) | 16.5% | 9.9% | 8.2% |
| Median Gross Rent | $789 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jasper County is about 46% lower than in Texas. Rent is about 41% 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 Jasper County, up about 16.5% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Jasper County rose about 16.7% between 2015 and 2023, from $676 to $789. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Jasper County.
Buying the median-priced home in Jasper County costs roughly 14.1 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 Jasper County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,571 | $248,418 | $242,182 |
| Median Household Income | $49,924 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jasper County rose about 99.1%, while median household income rose about 36.4% 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 | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.1% | 56.5% | 58.2% |
| Rental Rate | 18.4% | 33.8% | 31.3% |
| Vacancy Rate | 17.5% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Jasper County has a homeownership rate of 64.1%, higher than the Texas average of 56.5%. Its housing vacancy rate is 17.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Jasper County was built around 1987. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jasper County, Texas.
What is the median home price in Jasper County, Texas?
The median home price in Jasper County, Texas is $133,571, lower than the Texas average of $248,418.
What is the average home price in Jasper 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 Jasper County, Texas?
The median gross rent in Jasper County, Texas is $789 per month, lower than the Texas average of $1,338.
What was the median gross rent in Jasper County in 2020?
In 2020, the median gross rent in Jasper County, Texas was $748 per month.
What is the price-to-rent ratio in Jasper County, Texas?
The price-to-rent ratio in Jasper County, Texas is about 14.1, meaning it would take roughly 14.1 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 Jasper County.
Are home prices or rent rising faster in Jasper County, Texas?
Both home prices and rent are rising in Jasper County, up about 16.5% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jasper County, Texas?
64.1% of households in Jasper County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Jasper County, Texas?
The housing vacancy rate in Jasper County, Texas is 17.5%, higher than the Texas average of 9.6%.