Leander, Texas Housing Market Prices
Leander 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 113% above the Texas median$551,534
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Median rent 39% above the Texas median$1,949
Housing Market Overview
| Metric | Leander | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $551,534 | $258,873 | $248,835 |
| Price Trend (Annual %) | 14.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,949 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Leander is about 113% higher than in Texas. Rent is about 39% higher 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 Leander, up about 14.8% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Leander rose about 39.0% between 2015 and 2024, from $1,402 to $1,949. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Leander.
Buying the median-priced home in Leander costs roughly 23.6 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 Leander. The price-to-rent ratio in Texas is about 15.4.
| Metric | Leander | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $551,534 | $258,873 | $248,835 |
| Median Household Income | $137,481 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Leander rose about 144.1%, while median household income rose about 84.9% between 2009 and 2025 — 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 | Leander | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.3% | 56.7% | 58.5% |
| Rental Rate | 25.3% | 33.9% | 31.2% |
| Vacancy Rate | 2.4% | 9.4% | 10.2% |
| Median Tenure (years) | 8.0 | 14.0 | 15.0 |
| Median Year Moved In | 2018 | 2012 | 2011 |
Leander has a homeownership rate of 72.3%, higher than the Texas average of 56.7%. Its housing vacancy rate is 2.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Leander | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2011 | 1990 | 1978 |
| Median Number of Rooms | 6.2 | 5.4 | 5.5 |
The typical housing unit in Leander was built around 2011. On average, 2.9 people live in a home with about 6.2 rooms, staying for about 8.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Leander, Texas.
What is the median home price in Leander, Texas?
The median home price in Leander, Texas is $551,534, higher than the Texas average of $258,873.
What is the average home price in Leander, Texas?
The typical home price in Leander, Texas, reported as the median sale price, is $551,534. 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 Leander, Texas?
The median gross rent in Leander, Texas is $1,949 per month, higher than the Texas average of $1,402.
What was the median gross rent in Leander in 2020?
In 2020, the median gross rent in Leander, Texas was $1,525 per month.
What is the price-to-rent ratio in Leander, Texas?
The price-to-rent ratio in Leander, Texas is about 23.6, meaning it would take roughly 23.6 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 Leander.
Are home prices or rent rising faster in Leander, Texas?
Both home prices and rent are rising in Leander, up about 14.8% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Leander, Texas?
72.3% of households in Leander, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Leander, Texas?
The housing vacancy rate in Leander, Texas is 2.4%, lower than the Texas average of 9.4%.
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