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 | McMullen County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $466,666 | $248,418 | $242,182 |
| Price Trend (Annual %) | 26.2% | 9.9% | 8.2% |
| Median Gross Rent | $762 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 7.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McMullen County is about 88% higher than in Texas. Rent is about 43% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2023
Both home prices and rent are rising in McMullen County, up about 26.2% and 7.6% a year respectively. Home prices are changing faster.
Median rent in McMullen County rose about 45.9% between 2015 and 2023, from $522 to $762. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 10.1 yearly household incomes in McMullen County.
Buying the median-priced home in McMullen County costs roughly 51.0 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 McMullen County. The price-to-rent ratio in Texas is about 15.5.
| Metric | McMullen County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $466,666 | $248,418 | $242,182 |
| Median Household Income | $46,111 | $76,510 | $78,145 |
| Price-to-Income Ratio | 10.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in McMullen County rose about 3.7%, while median household income rose about 12.4% between 2009 and 2023 — 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 | McMullen County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.6% | 56.5% | 58.2% |
| Rental Rate | 12.0% | 33.8% | 31.3% |
| Vacancy Rate | 48.5% | 9.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
McMullen County has a homeownership rate of 39.6%, lower than the Texas average of 56.5%. Its housing vacancy rate is 48.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | McMullen County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.71 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in McMullen County was built around 1986. On average, 3.7 people live in a home with about 5.2 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in McMullen County, Texas.
What is the median home price in McMullen County, Texas?
The median home price in McMullen County, Texas is $466,666, higher than the Texas average of $248,418.
What is the average home price in McMullen 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 McMullen County, Texas?
The median gross rent in McMullen County, Texas is $762 per month, lower than the Texas average of $1,338.
What was the median gross rent in McMullen County in 2020?
In 2020, the median gross rent in McMullen County, Texas was $928 per month.
What is the price-to-rent ratio in McMullen County, Texas?
The price-to-rent ratio in McMullen County, Texas is about 51.0, meaning it would take roughly 51.0 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 McMullen County.
Are home prices or rent rising faster in McMullen County, Texas?
Both home prices and rent are rising in McMullen County, up about 26.2% and 7.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in McMullen County, Texas?
39.6% of households in McMullen County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in McMullen County, Texas?
The housing vacancy rate in McMullen County, Texas is 48.5%, higher than the Texas average of 9.6%.