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 | Jeff Davis County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 9.4% | 9.9% | 8.2% |
| Median Gross Rent | $1,313 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 12.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jeff Davis County is about 62% lower than in Texas. Rent is about 2% 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 Jeff Davis County, up about 9.4% and 12.3% a year respectively. Rent is changing faster.
Median rent in Jeff Davis County rose about 58.2% between 2015 and 2023, from $830 to $1,313. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Jeff Davis County.
Buying the median-priced home in Jeff Davis County costs roughly 6.0 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 Jeff Davis County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Jeff Davis County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,000 | $248,418 | $242,182 |
| Median Household Income | $34,030 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jeff Davis County fell about 20.5%, while median household income fell about 13.4% between 2009 and 2023 — 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 | Jeff Davis County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 56.5% | 58.2% |
| Rental Rate | 5.8% | 33.8% | 31.3% |
| Vacancy Rate | 42.9% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Jeff Davis County has a homeownership rate of 51.3%, lower than the Texas average of 56.5%. Its housing vacancy rate is 42.9%, compared with 9.6% in Texas.
Housing Stock
| Metric | Jeff Davis County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.02 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1988 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Jeff Davis County was built around 1988. On average, 2.0 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jeff Davis County, Texas.
What is the median home price in Jeff Davis County, Texas?
The median home price in Jeff Davis County, Texas is $95,000, lower than the Texas average of $248,418.
What is the average home price in Jeff Davis 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 Jeff Davis County, Texas?
The median gross rent in Jeff Davis County, Texas is $1,313 per month, lower than the Texas average of $1,338.
What was the median gross rent in Jeff Davis County in 2020?
In 2020, the median gross rent in Jeff Davis County, Texas was $1,081 per month.
What is the price-to-rent ratio in Jeff Davis County, Texas?
The price-to-rent ratio in Jeff Davis County, Texas is about 6.0, meaning it would take roughly 6.0 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 Jeff Davis County.
Are home prices or rent rising faster in Jeff Davis County, Texas?
Both home prices and rent are rising in Jeff Davis County, up about 9.4% and 12.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Jeff Davis County, Texas?
51.3% of households in Jeff Davis County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Jeff Davis County, Texas?
The housing vacancy rate in Jeff Davis County, Texas is 42.9%, higher than the Texas average of 9.6%.