Lynn County, Texas Housing Market Prices
Lynn 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 1% above the Texas median More expensive than 72% of counties in Texas$261,111
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Median rent 34% below the Texas median$927
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lynn County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,111 | $258,873 | $248,835 |
| Price Trend (Annual %) | 27.5% | 9.2% | 7.5% |
| Median Gross Rent | $927 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lynn County is about 1% higher than in Texas. Rent is about 34% 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 Lynn County, up about 27.5% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Lynn County rose about 59.9% between 2015 and 2024, from $580 to $927. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Lynn County.
Buying the median-priced home in Lynn County costs roughly 23.5 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 Lynn County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Lynn County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,111 | $258,873 | $248,835 |
| Median Household Income | $73,546 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lynn County rose about 1.2%, while median household income rose about 53.5% 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 | Lynn County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.1% | 56.7% | 58.5% |
| Rental Rate | 19.2% | 33.9% | 31.2% |
| Vacancy Rate | 16.7% | 9.4% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Lynn County has a homeownership rate of 64.1%, higher than the Texas average of 56.7%. Its housing vacancy rate is 16.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Lynn County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1973 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Lynn County was built around 1973. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Lynn County, TX Housing Compared With Nearby Counties
How Lynn County, TX compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lynn County, TX | 5,752 | $261,111 #1/2 | $927 #2/2 | 77.0% #1/2 |
| Lubbock County, TX | 318,883 | $256,713 | $1,177 | 55.5% |
Frequently Asked Questions
Common questions about the housing market in Lynn County, Texas.
What is the median home price in Lynn County, Texas?
The median home price in Lynn County, Texas is $261,111, higher than the Texas average of $258,873.
What is the average home price in Lynn County, Texas?
The typical home price in Lynn County, Texas, reported as the median sale price, is $261,111. 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 Lynn County, Texas?
The median gross rent in Lynn County, Texas is $927 per month, lower than the Texas average of $1,402.
What was the median gross rent in Lynn County in 2020?
In 2020, the median gross rent in Lynn County, Texas was $825 per month.
What is the price-to-rent ratio in Lynn County, Texas?
The price-to-rent ratio in Lynn County, Texas is about 23.5, meaning it would take roughly 23.5 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 Lynn County.
Are home prices or rent rising faster in Lynn County, Texas?
Both home prices and rent are rising in Lynn County, up about 27.5% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lynn County, Texas?
64.1% of households in Lynn County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Lynn County, Texas?
The housing vacancy rate in Lynn County, Texas is 16.7%, higher than the Texas average of 9.4%.
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