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 | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $248,418 | $242,182 |
| Price Trend (Annual %) | — | 9.9% | 8.2% |
| Median Gross Rent | $850 | $1,338 | $1,342 |
| Rent Trend (Annual %) | — | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 37% lower than the Texas average.
Affordability
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $248,418 | $242,182 |
| Median Household Income | $54,347 | $76,510 | $78,145 |
| Price-to-Income Ratio | — | 3.2 | 3.1 |
Occupancy & Tenure
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 8.5% | 56.5% | 58.2% |
| Rental Rate | 68.1% | 33.8% | 31.3% |
| Vacancy Rate | 23.4% | 9.6% | 10.6% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Loving County has a homeownership rate of 8.5%, lower than the Texas average of 56.5%. Its housing vacancy rate is 23.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Loving County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.50 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1969 | 1989 | 1978 |
| Median Number of Rooms | 4.7 | 5.4 | 5.5 |
The typical housing unit in Loving County was built around 1969. On average, 1.5 people live in a home with about 4.7 rooms, staying for about 20.0 years on average.
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 $1,338.
What is the homeownership rate in Loving County, Texas?
8.5% of households in Loving County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Loving County, Texas?
The housing vacancy rate in Loving County, Texas is 23.4%, higher than the Texas average of 9.6%.