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 %) |
— |
— |
— |
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 |
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 |