Knox County, Texas Housing Market Prices
Knox County 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.
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Median home price 87% below the Texas median Cheaper than 94% of counties in Texas$34,285
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Median rent 63% below the Texas median Among the top 5 cheapest counties in Texas$520
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Knox County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,285 | $258,873 | $248,835 |
| Price Trend (Annual %) | 34.1% | 9.2% | 7.5% |
| Median Gross Rent | $520 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Knox County is about 87% lower than in Texas. Rent is about 63% 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 Knox County, up about 34.1% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Knox County rose about 12.2% between 2015 and 2024, from $464 to $520. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Knox County.
Buying the median-priced home in Knox County costs roughly 5.5 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 Knox County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Knox County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,285 | $258,873 | $248,835 |
| Median Household Income | $58,874 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Knox County rose about 43.8%, while median household income rose about 72.5% between 2009 and 2025 — 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 | Knox County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.4% | 56.7% | 58.5% |
| Rental Rate | 15.6% | 33.9% | 31.2% |
| Vacancy Rate | 30.9% | 9.4% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Knox County has a homeownership rate of 53.4%, lower than the Texas average of 56.7%. Its housing vacancy rate is 30.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Knox County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1967 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Knox County was built around 1967. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Knox County, Texas.
What is the median home price in Knox County, Texas?
The median home price in Knox County, Texas is $34,285, lower than the Texas average of $258,873.
What is the average home price in Knox County, Texas?
The typical home price in Knox County, Texas, reported as the median sale price, is $34,285. 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 Knox County, Texas?
The median gross rent in Knox County, Texas is $520 per month, lower than the Texas average of $1,402.
What was the median gross rent in Knox County in 2020?
In 2020, the median gross rent in Knox County, Texas was $559 per month.
What is the price-to-rent ratio in Knox County, Texas?
The price-to-rent ratio in Knox County, Texas is about 5.5, meaning it would take roughly 5.5 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 Knox County.
Are home prices or rent rising faster in Knox County, Texas?
Both home prices and rent are rising in Knox County, up about 34.1% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Knox County, Texas?
53.4% of households in Knox County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Knox County, Texas?
The housing vacancy rate in Knox County, Texas is 30.9%, higher than the Texas average of 9.4%.
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