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 | Leon County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,500 | $248,418 | $242,182 |
| Price Trend (Annual %) | 26.6% | 9.9% | 8.2% |
| Median Gross Rent | $797 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Leon County is about 2% higher than in Texas. Rent is about 40% 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 Leon County, up about 26.6% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Leon County rose about 28.5% between 2015 and 2023, from $620 to $797. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Leon County.
Buying the median-priced home in Leon County costs roughly 26.4 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 Leon County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Leon County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,500 | $248,418 | $242,182 |
| Median Household Income | $59,957 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Leon County rose about 252.1%, while median household income rose about 57.8% 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 | Leon County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.9% | 56.5% | 58.2% |
| Rental Rate | 16.7% | 33.8% | 31.3% |
| Vacancy Rate | 27.4% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Leon County has a homeownership rate of 55.9%, lower than the Texas average of 56.5%. Its housing vacancy rate is 27.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Leon County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1991 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Leon County was built around 1991. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Leon County, Texas.
What is the median home price in Leon County, Texas?
The median home price in Leon County, Texas is $252,500, higher than the Texas average of $248,418.
What is the average home price in Leon 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 Leon County, Texas?
The median gross rent in Leon County, Texas is $797 per month, lower than the Texas average of $1,338.
What was the median gross rent in Leon County in 2020?
In 2020, the median gross rent in Leon County, Texas was $771 per month.
What is the price-to-rent ratio in Leon County, Texas?
The price-to-rent ratio in Leon County, Texas is about 26.4, meaning it would take roughly 26.4 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 Leon County.
Are home prices or rent rising faster in Leon County, Texas?
Both home prices and rent are rising in Leon County, up about 26.6% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Leon County, Texas?
55.9% of households in Leon County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Leon County, Texas?
The housing vacancy rate in Leon County, Texas is 27.4%, higher than the Texas average of 9.6%.