Loving County, Texas Housing Market Prices
Loving 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 priceN/A
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Median rent 39% below the Texas median Cheaper than 70% of counties in Texas$850
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $258,873 | $248,835 |
| Price Trend (Annual %) | — | 9.2% | 7.5% |
| Median Gross Rent | $850 | $1,402 | $1,407 |
| Rent Trend (Annual %) | — | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 39% lower than the Texas average.
Affordability
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $258,873 | $248,835 |
| Median Household Income | $55,000 | $78,939 | $80,455 |
| Price-to-Income Ratio | — | 3.3 | 3.1 |
Occupancy & Tenure
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 9.1% | 56.7% | 58.5% |
| Rental Rate | 72.7% | 33.9% | 31.2% |
| Vacancy Rate | 18.2% | 9.4% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Loving County has a homeownership rate of 9.1%, lower than the Texas average of 56.7%. Its housing vacancy rate is 18.2%, compared with 9.4% in Texas.
Housing Stock
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.22 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1967 | 1990 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Loving County was built around 1967. On average, 1.2 people live in a home with about 5.0 rooms, staying for about 20.0 years on average.
Loving County, TX Housing Compared With Nearby Counties
Loving County, TX is the smallest of the 4 counties compared here, 33 residents against a local median of 61,104. The measure that sets Loving County, TX apart most is homeownership: 11.1%, 85% below the local median of 73.3%. That is the weaker end of the local range on this measure.
Median rent tells the same story from another angle: $850 against a local median of $1,101, 23% below it. The counties themselves sit within 2.5% of each other on homeownership, a tighter band than the gap between any of them and Loving County, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Loving County, TX has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Loving County, TX | 33 | — | $850 #4/4 | 11.1% #4/4 |
| Reeves County, TX | 12,664 | $153,191 | $980 | 73.7% |
| Eddy County, NM | 61,104 | $266,585 | $1,244 | 73.3% |
| Lea County, NM | 73,733 | $162,562 | $1,101 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Loving County, Texas.
What is the median rent in Loving County, Texas?
The median gross rent in Loving County, Texas is $850 per month, lower than the Texas average of $1,402.
What is the homeownership rate in Loving County, Texas?
9.1% of households in Loving County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Loving County, Texas?
The housing vacancy rate in Loving County, Texas is 18.2%, higher than the Texas average of 9.4%.
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