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 | Maverick County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $417,857 | $248,418 | $242,182 |
| Price Trend (Annual %) | 31.0% | 9.9% | 8.2% |
| Median Gross Rent | $788 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maverick County is about 68% higher than in Texas. Rent is about 41% 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 Maverick County, up about 31.0% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Maverick County rose about 34.0% between 2015 and 2023, from $589 to $788. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 8.1 yearly household incomes in Maverick County.
Buying the median-priced home in Maverick County costs roughly 44.2 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 Maverick County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Maverick County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $417,857 | $248,418 | $242,182 |
| Median Household Income | $51,449 | $76,510 | $78,145 |
| Price-to-Income Ratio | 8.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Maverick County rose about 604.0%, while median household income rose about 71.0% 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 | Maverick County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.1% | 56.5% | 58.2% |
| Rental Rate | 28.3% | 33.8% | 31.3% |
| Vacancy Rate | 9.6% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Maverick County has a homeownership rate of 62.1%, higher than the Texas average of 56.5%. Its housing vacancy rate is 9.6%, compared with 9.6% in Texas.
Housing Stock
| Metric | Maverick County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.13 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1995 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Maverick County was built around 1995. On average, 3.1 people live in a home with about 5.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maverick County, Texas.
What is the median home price in Maverick County, Texas?
The median home price in Maverick County, Texas is $417,857, higher than the Texas average of $248,418.
What is the average home price in Maverick 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 Maverick County, Texas?
The median gross rent in Maverick County, Texas is $788 per month, lower than the Texas average of $1,338.
What was the median gross rent in Maverick County in 2020?
In 2020, the median gross rent in Maverick County, Texas was $677 per month.
What is the price-to-rent ratio in Maverick County, Texas?
The price-to-rent ratio in Maverick County, Texas is about 44.2, meaning it would take roughly 44.2 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 Maverick County.
Are home prices or rent rising faster in Maverick County, Texas?
Both home prices and rent are rising in Maverick County, up about 31.0% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maverick County, Texas?
62.1% of households in Maverick County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Maverick County, Texas?
The housing vacancy rate in Maverick County, Texas is 9.6%, lower than the Texas average of 9.6%.