Killeen, Texas Housing Market Prices
Killeen Home Prices and Rent at a Glance
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 27% below the Texas median$189,503
-
Median rent 14% below the Texas median$1,205
Housing Market Overview
| Metric | Killeen | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,503 | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,205 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Killeen is about 27% lower than in Texas. Rent is about 14% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Killeen, up about 9.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Killeen rose about 39.0% between 2015 and 2024, from $867 to $1,205. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Killeen.
Buying the median-priced home in Killeen costs roughly 13.1 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 Killeen. The price-to-rent ratio in Texas is about 15.4.
| Metric | Killeen | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,503 | $258,873 | $248,835 |
| Median Household Income | $60,625 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Killeen rose about 105.7%, while median household income rose about 33.6% between 2009 and 2025 — 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 | Killeen | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.3% | 56.7% | 58.5% |
| Rental Rate | 46.4% | 33.9% | 31.2% |
| Vacancy Rate | 9.3% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Killeen has a homeownership rate of 44.3%, lower than the Texas average of 56.7%. Its housing vacancy rate is 9.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Killeen | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1992 | 1990 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Killeen was built around 1992. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Killeen, TX Housing Compared With Nearby Cities
How Killeen, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Killeen, TX | 148,206 | $189,503 #2/2 | $1,205 #1/2 | 48.8% #2/2 |
| Harker Heights, TX | 29,853 | $286,441 | $1,133 | 58.6% |
Frequently Asked Questions
Common questions about the housing market in Killeen, Texas.
What is the median home price in Killeen, Texas?
The median home price in Killeen, Texas is $189,503, lower than the Texas average of $258,873.
What is the average home price in Killeen, Texas?
The typical home price in Killeen, Texas, reported as the median sale price, is $189,503. 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 Killeen, Texas?
The median gross rent in Killeen, Texas is $1,205 per month, lower than the Texas average of $1,402.
What was the median gross rent in Killeen in 2020?
In 2020, the median gross rent in Killeen, Texas was $938 per month.
What is the price-to-rent ratio in Killeen, Texas?
The price-to-rent ratio in Killeen, Texas is about 13.1, meaning it would take roughly 13.1 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 Killeen.
Are home prices or rent rising faster in Killeen, Texas?
Both home prices and rent are rising in Killeen, up about 9.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Killeen, Texas?
44.3% of households in Killeen, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Killeen, Texas?
The housing vacancy rate in Killeen, Texas is 9.3%, lower than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →