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 | King County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $248,418 | $242,182 |
| Price Trend (Annual %) | — | 9.9% | 8.2% |
| Median Gross Rent | $658 | $1,338 | $1,342 |
| Rent Trend (Annual %) | -2.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 51% lower than the Texas average.
Affordability
| Metric | King County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $248,418 | $242,182 |
| Median Household Income | $61,667 | $76,510 | $78,145 |
| Price-to-Income Ratio | — | 3.2 | 3.1 |
Occupancy & Tenure
| Metric | King County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 25.7% | 56.5% | 58.2% |
| Rental Rate | 35.1% | 33.8% | 31.3% |
| Vacancy Rate | 39.2% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
King County has a homeownership rate of 25.7%, lower than the Texas average of 56.5%. Its housing vacancy rate is 39.2%, compared with 9.6% in Texas.
Housing Stock
| Metric | King County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.10 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1974 | 1989 | 1978 |
| Median Number of Rooms | 4.9 | 5.4 | 5.5 |
The typical housing unit in King County was built around 1974. On average, 2.1 people live in a home with about 4.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in King County, Texas.
What is the median rent in King County, Texas?
The median gross rent in King County, Texas is $658 per month, lower than the Texas average of $1,338.
What is the homeownership rate in King County, Texas?
25.7% of households in King County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in King County, Texas?
The housing vacancy rate in King County, Texas is 39.2%, higher than the Texas average of 9.6%.