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 | Liberty County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,124 | $248,418 | $242,182 |
| Price Trend (Annual %) | 26.8% | 9.9% | 8.2% |
| Median Gross Rent | $1,038 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Liberty County is about 22% lower than in Texas. Rent is about 22% 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 Liberty County, up about 26.8% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Liberty County rose about 36.2% between 2015 and 2023, from $762 to $1,038. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Liberty County.
Buying the median-priced home in Liberty County costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Liberty County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Liberty County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,124 | $248,418 | $242,182 |
| Median Household Income | $63,972 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Liberty County rose about 321.4%, while median household income rose about 43.0% 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 | Liberty County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 56.5% | 58.2% |
| Rental Rate | 16.6% | 33.8% | 31.3% |
| Vacancy Rate | 13.7% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Liberty County has a homeownership rate of 69.7%, higher than the Texas average of 56.5%. Its housing vacancy rate is 13.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Liberty County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1995 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Liberty County was built around 1995. On average, 3.1 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Liberty County, Texas.
What is the median home price in Liberty County, Texas?
The median home price in Liberty County, Texas is $194,124, lower than the Texas average of $248,418.
What is the average home price in Liberty 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 Liberty County, Texas?
The median gross rent in Liberty County, Texas is $1,038 per month, lower than the Texas average of $1,338.
What was the median gross rent in Liberty County in 2020?
In 2020, the median gross rent in Liberty County, Texas was $857 per month.
What is the price-to-rent ratio in Liberty County, Texas?
The price-to-rent ratio in Liberty County, Texas is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Liberty County.
Are home prices or rent rising faster in Liberty County, Texas?
Both home prices and rent are rising in Liberty County, up about 26.8% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Liberty County, Texas?
69.7% of households in Liberty County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Liberty County, Texas?
The housing vacancy rate in Liberty County, Texas is 13.7%, higher than the Texas average of 9.6%.