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 | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $405,763 | $248,418 | $242,182 |
| Price Trend (Annual %) | 25.4% | 9.9% | 8.2% |
| Median Gross Rent | $1,407 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kaufman County is about 63% higher than in Texas. Rent is about 5% higher 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 Kaufman County, up about 25.4% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Kaufman County rose about 56.0% between 2015 and 2023, from $902 to $1,407. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Kaufman County.
Buying the median-priced home in Kaufman County costs roughly 24.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kaufman County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $405,763 | $248,418 | $242,182 |
| Median Household Income | $89,925 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kaufman County rose about 609.0%, while median household income rose about 60.1% 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 | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.1% | 56.5% | 58.2% |
| Rental Rate | 20.2% | 33.8% | 31.3% |
| Vacancy Rate | 5.8% | 9.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Kaufman County has a homeownership rate of 74.1%, higher than the Texas average of 56.5%. Its housing vacancy rate is 5.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.21 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1997 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.4 | 5.5 |
The typical housing unit in Kaufman County was built around 1997. On average, 3.2 people live in a home with about 6.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kaufman County, Texas.
What is the median home price in Kaufman County, Texas?
The median home price in Kaufman County, Texas is $405,763, higher than the Texas average of $248,418.
What is the average home price in Kaufman 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 Kaufman County, Texas?
The median gross rent in Kaufman County, Texas is $1,407 per month, higher than the Texas average of $1,338.
What was the median gross rent in Kaufman County in 2020?
In 2020, the median gross rent in Kaufman County, Texas was $1,086 per month.
What is the price-to-rent ratio in Kaufman County, Texas?
The price-to-rent ratio in Kaufman County, Texas is about 24.0, meaning it would take roughly 24.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kaufman County.
Are home prices or rent rising faster in Kaufman County, Texas?
Both home prices and rent are rising in Kaufman County, up about 25.4% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kaufman County, Texas?
74.1% of households in Kaufman County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Kaufman County, Texas?
The housing vacancy rate in Kaufman County, Texas is 5.8%, lower than the Texas average of 9.6%.