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 | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 8.4% | 9.9% | 8.2% |
| Median Gross Rent | $771 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kinney County is about 62% lower than in Texas. Rent is about 42% 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 Kinney County, up about 8.4% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Kinney County rose about 33.6% between 2015 and 2023, from $577 to $771. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Kinney County.
Buying the median-priced home in Kinney County costs roughly 10.3 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 Kinney County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,000 | $248,418 | $242,182 |
| Median Household Income | $63,723 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kinney County rose about 44.0%, while median household income rose about 168.0% 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 | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 56.5% | 58.2% |
| Rental Rate | 17.8% | 33.8% | 31.3% |
| Vacancy Rate | 23.8% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Kinney County has a homeownership rate of 58.4%, higher than the Texas average of 56.5%. Its housing vacancy rate is 23.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Kinney County was built around 1984. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kinney County, Texas.
What is the median home price in Kinney County, Texas?
The median home price in Kinney County, Texas is $95,000, lower than the Texas average of $248,418.
What is the average home price in Kinney 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 Kinney County, Texas?
The median gross rent in Kinney County, Texas is $771 per month, lower than the Texas average of $1,338.
What was the median gross rent in Kinney County in 2020?
In 2020, the median gross rent in Kinney County, Texas was $672 per month.
What is the price-to-rent ratio in Kinney County, Texas?
The price-to-rent ratio in Kinney County, Texas is about 10.3, meaning it would take roughly 10.3 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 Kinney County.
Are home prices or rent rising faster in Kinney County, Texas?
Both home prices and rent are rising in Kinney County, up about 8.4% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kinney County, Texas?
58.4% of households in Kinney County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Kinney County, Texas?
The housing vacancy rate in Kinney County, Texas is 23.8%, higher than the Texas average of 9.6%.