Mills County, Texas Housing Market Prices
Mills 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 82% above the Texas median$472,222
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Median rent 50% below the Texas median Cheaper than 90% of counties in Texas$708
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mills County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $472,222 | $258,873 | $248,835 |
| Price Trend (Annual %) | 36.8% | 9.2% | 7.5% |
| Median Gross Rent | $708 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mills County is about 82% higher than in Texas. Rent is about 50% 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 Mills County, up about 36.8% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Mills County rose about 36.3% between 2015 and 2024, from $519 to $708. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 7.0 yearly household incomes in Mills County.
Buying the median-priced home in Mills County costs roughly 55.6 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 Mills County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Mills County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $472,222 | $258,873 | $248,835 |
| Median Household Income | $67,284 | $78,939 | $80,455 |
| Price-to-Income Ratio | 7.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mills County rose about 415.2%, while median household income rose about 79.0% between 2009 and 2025 — 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 | Mills County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 56.7% | 58.5% |
| Rental Rate | 13.7% | 33.9% | 31.2% |
| Vacancy Rate | 30.7% | 9.4% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Mills County has a homeownership rate of 55.6%, lower than the Texas average of 56.7%. Its housing vacancy rate is 30.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Mills County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1978 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Mills County was built around 1978. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Mills County, TX Housing Compared With Nearby Counties
Mills County, TX is the smallest of the 4 counties compared here, 4,511 residents against a local median of 22,709. Where Mills County, TX breaks from the counties next to it is median home price, sitting 169% above the local median of $175,472 at $472,222.
Median rent tells the same story from another angle: $708 against a local median of $919, 23% below it. The counties themselves sit within $65,798 of each other on median home price, a tighter band than the gap between any of them and Mills County, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Mills County, TX has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mills County, TX | 4,511 | $472,222 #1/4 | $708 #4/4 | 80.3% #1/4 |
| Lampasas County, TX | 22,709 | $218,298 | $1,059 | 80.1% |
| Brown County, TX | 38,535 | $175,472 | $919 | 68.3% |
| Hamilton County, TX | 8,406 | $152,500 | $884 | 78.7% |
Frequently Asked Questions
Common questions about the housing market in Mills County, Texas.
What is the median home price in Mills County, Texas?
The median home price in Mills County, Texas is $472,222, higher than the Texas average of $258,873.
What is the average home price in Mills County, Texas?
The typical home price in Mills County, Texas, reported as the median sale price, is $472,222. 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 Mills County, Texas?
The median gross rent in Mills County, Texas is $708 per month, lower than the Texas average of $1,402.
What was the median gross rent in Mills County in 2020?
In 2020, the median gross rent in Mills County, Texas was $648 per month.
What is the price-to-rent ratio in Mills County, Texas?
The price-to-rent ratio in Mills County, Texas is about 55.6, meaning it would take roughly 55.6 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 Mills County.
Are home prices or rent rising faster in Mills County, Texas?
Both home prices and rent are rising in Mills County, up about 36.8% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mills County, Texas?
55.6% of households in Mills County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Mills County, Texas?
The housing vacancy rate in Mills County, Texas is 30.7%, higher than the Texas average of 9.4%.
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