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 | Kerr County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $393,616 | $248,418 | $242,182 |
| Price Trend (Annual %) | 11.6% | 9.9% | 8.2% |
| Median Gross Rent | $1,079 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kerr County is about 58% higher than in Texas. Rent is about 19% 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 Kerr County, up about 11.6% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Kerr County rose about 38.4% between 2015 and 2023, from $780 to $1,079. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Kerr County.
Buying the median-priced home in Kerr County costs roughly 30.4 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 Kerr County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Kerr County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $393,616 | $248,418 | $242,182 |
| Median Household Income | $67,607 | $76,510 | $78,145 |
| Price-to-Income Ratio | 5.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kerr County rose about 114.4%, while median household income rose about 55.2% 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 | Kerr County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 56.5% | 58.2% |
| Rental Rate | 25.9% | 33.8% | 31.3% |
| Vacancy Rate | 12.5% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Kerr County has a homeownership rate of 61.6%, higher than the Texas average of 56.5%. Its housing vacancy rate is 12.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Kerr County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Kerr County was built around 1987. On average, 2.3 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 Kerr County, Texas.
What is the median home price in Kerr County, Texas?
The median home price in Kerr County, Texas is $393,616, higher than the Texas average of $248,418.
What is the average home price in Kerr 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 Kerr County, Texas?
The median gross rent in Kerr County, Texas is $1,079 per month, lower than the Texas average of $1,338.
What was the median gross rent in Kerr County in 2020?
In 2020, the median gross rent in Kerr County, Texas was $922 per month.
What is the price-to-rent ratio in Kerr County, Texas?
The price-to-rent ratio in Kerr County, Texas is about 30.4, meaning it would take roughly 30.4 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 Kerr County.
Are home prices or rent rising faster in Kerr County, Texas?
Both home prices and rent are rising in Kerr County, up about 11.6% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kerr County, Texas?
61.6% of households in Kerr County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Kerr County, Texas?
The housing vacancy rate in Kerr County, Texas is 12.5%, higher than the Texas average of 9.6%.