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 | Menard County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | -14.4% | 9.9% | 8.2% |
| Median Gross Rent | $810 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Menard County is about 98% lower than in Texas. Rent is about 39% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Menard County: home prices fell about 14.4% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Menard County rose about 51.9% between 2015 and 2023, from $533 to $810. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Menard County.
Buying the median-priced home in Menard County costs roughly 0.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Menard County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Menard County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,000 | $248,418 | $242,182 |
| Median Household Income | $47,074 | $76,510 | $78,145 |
| Price-to-Income Ratio | 0.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Menard County fell about 85.6%, while median household income rose about 50.4% 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 | Menard County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.4% | 56.5% | 58.2% |
| Rental Rate | 15.2% | 33.8% | 31.3% |
| Vacancy Rate | 36.4% | 9.6% | 10.6% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Menard County has a homeownership rate of 48.4%, lower than the Texas average of 56.5%. Its housing vacancy rate is 36.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Menard County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1968 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Menard County was built around 1968. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Menard County, Texas.
What is the median home price in Menard County, Texas?
The median home price in Menard County, Texas is $5,000, lower than the Texas average of $248,418.
What is the average home price in Menard 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 Menard County, Texas?
The median gross rent in Menard County, Texas is $810 per month, lower than the Texas average of $1,338.
What was the median gross rent in Menard County in 2020?
In 2020, the median gross rent in Menard County, Texas was $690 per month.
What is the price-to-rent ratio in Menard County, Texas?
The price-to-rent ratio in Menard County, Texas is about 0.5, meaning it would take roughly 0.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Menard County.
Are home prices or rent rising faster in Menard County, Texas?
Home prices and rent are moving in opposite directions in Menard County: home prices fell about 14.4% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Menard County, Texas?
48.4% of households in Menard County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Menard County, Texas?
The housing vacancy rate in Menard County, Texas is 36.4%, higher than the Texas average of 9.6%.