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 | Kleberg County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,428 | $248,418 | $242,182 |
| Price Trend (Annual %) | 27.0% | 9.9% | 8.2% |
| Median Gross Rent | $1,022 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kleberg County is about 9% higher than in Texas. Rent is about 24% 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 Kleberg County, up about 27.0% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Kleberg County rose about 37.5% between 2015 and 2023, from $744 to $1,022. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Kleberg County.
Buying the median-priced home in Kleberg County costs roughly 22.1 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 Kleberg County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Kleberg County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,428 | $248,418 | $242,182 |
| Median Household Income | $56,792 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kleberg County rose about 265.9%, while median household income rose about 63.3% 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 | Kleberg County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.5% | 56.5% | 58.2% |
| Rental Rate | 38.9% | 33.8% | 31.3% |
| Vacancy Rate | 15.7% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Kleberg County has a homeownership rate of 45.5%, lower than the Texas average of 56.5%. Its housing vacancy rate is 15.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Kleberg County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Kleberg County was built around 1984. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kleberg County, Texas.
What is the median home price in Kleberg County, Texas?
The median home price in Kleberg County, Texas is $271,428, higher than the Texas average of $248,418.
What is the average home price in Kleberg 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 Kleberg County, Texas?
The median gross rent in Kleberg County, Texas is $1,022 per month, lower than the Texas average of $1,338.
What was the median gross rent in Kleberg County in 2020?
In 2020, the median gross rent in Kleberg County, Texas was $897 per month.
What is the price-to-rent ratio in Kleberg County, Texas?
The price-to-rent ratio in Kleberg County, Texas is about 22.1, meaning it would take roughly 22.1 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 Kleberg County.
Are home prices or rent rising faster in Kleberg County, Texas?
Both home prices and rent are rising in Kleberg County, up about 27.0% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kleberg County, Texas?
45.5% of households in Kleberg County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Kleberg County, Texas?
The housing vacancy rate in Kleberg County, Texas is 15.7%, higher than the Texas average of 9.6%.