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 | Lavaca County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $229,166 | $248,418 | $242,182 |
| Price Trend (Annual %) | 26.4% | 9.9% | 8.2% |
| Median Gross Rent | $878 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lavaca County is about 8% lower than in Texas. Rent is about 34% 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 Lavaca County, up about 26.4% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Lavaca County rose about 39.2% between 2015 and 2023, from $631 to $878. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Lavaca County.
Buying the median-priced home in Lavaca County costs roughly 21.7 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 Lavaca County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Lavaca County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $229,166 | $248,418 | $242,182 |
| Median Household Income | $62,437 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lavaca County rose about 382.5%, while median household income rose about 49.4% 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 | Lavaca County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 56.5% | 58.2% |
| Rental Rate | 18.9% | 33.8% | 31.3% |
| Vacancy Rate | 20.3% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Lavaca County has a homeownership rate of 60.9%, higher than the Texas average of 56.5%. Its housing vacancy rate is 20.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Lavaca County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1978 | 1989 | 1978 |
| Median Number of Rooms | 4.9 | 5.4 | 5.5 |
The typical housing unit in Lavaca County was built around 1978. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lavaca County, Texas.
What is the median home price in Lavaca County, Texas?
The median home price in Lavaca County, Texas is $229,166, lower than the Texas average of $248,418.
What is the average home price in Lavaca 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 Lavaca County, Texas?
The median gross rent in Lavaca County, Texas is $878 per month, lower than the Texas average of $1,338.
What was the median gross rent in Lavaca County in 2020?
In 2020, the median gross rent in Lavaca County, Texas was $775 per month.
What is the price-to-rent ratio in Lavaca County, Texas?
The price-to-rent ratio in Lavaca County, Texas is about 21.7, meaning it would take roughly 21.7 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 Lavaca County.
Are home prices or rent rising faster in Lavaca County, Texas?
Both home prices and rent are rising in Lavaca County, up about 26.4% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lavaca County, Texas?
60.9% of households in Lavaca County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Lavaca County, Texas?
The housing vacancy rate in Lavaca County, Texas is 20.3%, higher than the Texas average of 9.6%.