Lipscomb County, Texas Housing Market Prices
Lipscomb County 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 83% below the Texas median Cheaper than 92% of counties in Texas$43,750
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Median rent 38% below the Texas median$876
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $43,750 | $258,873 | $248,835 |
| Price Trend (Annual %) | 1.8% | 9.2% | 7.5% |
| Median Gross Rent | $876 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lipscomb County is about 83% lower than in Texas. Rent is about 38% lower 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 Lipscomb County, up about 1.8% and 3.4% a year respectively. Rent is changing faster.
Median rent in Lipscomb County rose about 32.4% between 2015 and 2024, from $661 to $876. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Lipscomb County.
Buying the median-priced home in Lipscomb County costs roughly 4.2 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 Lipscomb County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $43,750 | $258,873 | $248,835 |
| Median Household Income | $72,634 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lipscomb County fell about 15.3%, while median household income rose about 40.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.0% | 56.7% | 58.5% |
| Rental Rate | 12.6% | 33.9% | 31.2% |
| Vacancy Rate | 28.4% | 9.4% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Lipscomb County has a homeownership rate of 59.0%, higher than the Texas average of 56.7%. Its housing vacancy rate is 28.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1975 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Lipscomb County was built around 1975. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Lipscomb County, TX Housing Compared With Nearby Counties
How Lipscomb County, TX compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lipscomb County, TX | 2,918 | $43,750 #2/2 | $876 #2/2 | 82.4% #1/2 |
| Ochiltree County, TX | 9,786 | $144,485 | $890 | 72.7% |
Frequently Asked Questions
Common questions about the housing market in Lipscomb County, Texas.
What is the median home price in Lipscomb County, Texas?
The median home price in Lipscomb County, Texas is $43,750, lower than the Texas average of $258,873.
What is the average home price in Lipscomb County, Texas?
The typical home price in Lipscomb County, Texas, reported as the median sale price, is $43,750. 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 Lipscomb County, Texas?
The median gross rent in Lipscomb County, Texas is $876 per month, lower than the Texas average of $1,402.
What was the median gross rent in Lipscomb County in 2020?
In 2020, the median gross rent in Lipscomb County, Texas was $761 per month.
What is the price-to-rent ratio in Lipscomb County, Texas?
The price-to-rent ratio in Lipscomb County, Texas is about 4.2, meaning it would take roughly 4.2 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 Lipscomb County.
Are home prices or rent rising faster in Lipscomb County, Texas?
Both home prices and rent are rising in Lipscomb County, up about 1.8% and 3.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Lipscomb County, Texas?
59.0% of households in Lipscomb County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Lipscomb County, Texas?
The housing vacancy rate in Lipscomb County, Texas is 28.4%, higher than the Texas average of 9.4%.
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