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 | La Salle County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 1.2% | 9.9% | 8.2% |
| Median Gross Rent | $493 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 7.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in La Salle County is about 66% lower than in Texas. Rent is about 63% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2023
Both home prices and rent are rising in La Salle County, up about 1.2% and 7.2% a year respectively. Rent is changing faster.
Median rent in La Salle County rose about 14.0% between 2015 and 2023, from $432 to $493. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in La Salle County.
Buying the median-priced home in La Salle County costs roughly 14.4 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 La Salle County. The price-to-rent ratio in Texas is about 15.5.
| Metric | La Salle County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $248,418 | $242,182 |
| Median Household Income | $51,752 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in La Salle County rose about 482.9%, while median household income rose about 58.7% 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 | La Salle County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 56.5% | 58.2% |
| Rental Rate | 15.4% | 33.8% | 31.3% |
| Vacancy Rate | 27.0% | 9.6% | 10.6% |
| Median Tenure (years) | 22.0 | 14.0 | 15.0 |
| Median Year Moved In | 2004 | 2012 | 2011 |
La Salle County has a homeownership rate of 57.5%, higher than the Texas average of 56.5%. Its housing vacancy rate is 27.0%, compared with 9.6% in Texas.
Housing Stock
| Metric | La Salle County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.51 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1975 | 1989 | 1978 |
| Median Number of Rooms | 4.8 | 5.4 | 5.5 |
The typical housing unit in La Salle County was built around 1975. On average, 3.5 people live in a home with about 4.8 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in La Salle County, Texas.
What is the median home price in La Salle County, Texas?
The median home price in La Salle County, Texas is $85,000, lower than the Texas average of $248,418.
What is the average home price in La Salle 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 La Salle County, Texas?
The median gross rent in La Salle County, Texas is $493 per month, lower than the Texas average of $1,338.
What was the median gross rent in La Salle County in 2020?
In 2020, the median gross rent in La Salle County, Texas was $680 per month.
What is the price-to-rent ratio in La Salle County, Texas?
The price-to-rent ratio in La Salle County, Texas is about 14.4, meaning it would take roughly 14.4 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 La Salle County.
Are home prices or rent rising faster in La Salle County, Texas?
Both home prices and rent are rising in La Salle County, up about 1.2% and 7.2% a year respectively. Rent is changing faster.
What is the homeownership rate in La Salle County, Texas?
57.5% of households in La Salle County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in La Salle County, Texas?
The housing vacancy rate in La Salle County, Texas is 27.0%, higher than the Texas average of 9.6%.