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 | Kimble County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,035 | $248,418 | $242,182 |
| Price Trend (Annual %) | 22.6% | 9.9% | 8.2% |
| Median Gross Rent | $794 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kimble County is about 14% 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 Kimble County, up about 22.6% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Kimble County rose about 23.4% between 2015 and 2023, from $644 to $794. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Kimble County.
Buying the median-priced home in Kimble County costs roughly 22.5 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 Kimble County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Kimble County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,035 | $248,418 | $242,182 |
| Median Household Income | $66,774 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kimble County rose about 31.7%, while median household income rose about 54.2% 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 | Kimble County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.7% | 56.5% | 58.2% |
| Rental Rate | 14.1% | 33.8% | 31.3% |
| Vacancy Rate | 34.2% | 9.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Kimble County has a homeownership rate of 51.7%, lower than the Texas average of 56.5%. Its housing vacancy rate is 34.2%, compared with 9.6% in Texas.
Housing Stock
| Metric | Kimble County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1975 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Kimble County was built around 1975. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kimble County, Texas.
What is the median home price in Kimble County, Texas?
The median home price in Kimble County, Texas is $214,035, lower than the Texas average of $248,418.
What is the average home price in Kimble 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 Kimble County, Texas?
The median gross rent in Kimble County, Texas is $794 per month, lower than the Texas average of $1,338.
What was the median gross rent in Kimble County in 2020?
In 2020, the median gross rent in Kimble County, Texas was $683 per month.
What is the price-to-rent ratio in Kimble County, Texas?
The price-to-rent ratio in Kimble County, Texas is about 22.5, meaning it would take roughly 22.5 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 Kimble County.
Are home prices or rent rising faster in Kimble County, Texas?
Both home prices and rent are rising in Kimble County, up about 22.6% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kimble County, Texas?
51.7% of households in Kimble County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Kimble County, Texas?
The housing vacancy rate in Kimble County, Texas is 34.2%, higher than the Texas average of 9.6%.