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 | Llano County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $500,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 27.7% | 9.9% | 8.2% |
| Median Gross Rent | $994 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Llano County is about 101% higher than in Texas. Rent is about 26% 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 Llano County, up about 27.7% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Llano County rose about 34.2% between 2015 and 2023, from $741 to $994. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Llano County.
Buying the median-priced home in Llano County costs roughly 41.9 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 Llano County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Llano County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $500,000 | $248,418 | $242,182 |
| Median Household Income | $66,386 | $76,510 | $78,145 |
| Price-to-Income Ratio | 7.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Llano County rose about 78.4%, while median household income rose about 57.6% 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 | Llano County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.6% | 56.5% | 58.2% |
| Rental Rate | 14.9% | 33.8% | 31.3% |
| Vacancy Rate | 34.4% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Llano County has a homeownership rate of 50.6%, lower than the Texas average of 56.5%. Its housing vacancy rate is 34.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Llano County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.13 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Llano County was built around 1989. On average, 2.1 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Llano County, Texas.
What is the median home price in Llano County, Texas?
The median home price in Llano County, Texas is $500,000, higher than the Texas average of $248,418.
What is the average home price in Llano 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 Llano County, Texas?
The median gross rent in Llano County, Texas is $994 per month, lower than the Texas average of $1,338.
What was the median gross rent in Llano County in 2020?
In 2020, the median gross rent in Llano County, Texas was $862 per month.
What is the price-to-rent ratio in Llano County, Texas?
The price-to-rent ratio in Llano County, Texas is about 41.9, meaning it would take roughly 41.9 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 Llano County.
Are home prices or rent rising faster in Llano County, Texas?
Both home prices and rent are rising in Llano County, up about 27.7% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Llano County, Texas?
50.6% of households in Llano County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Llano County, Texas?
The housing vacancy rate in Llano County, Texas is 34.4%, higher than the Texas average of 9.6%.