Mission, Texas Housing Market Prices
Mission 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 33% below the Texas median$173,638
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Median rent 34% below the Texas median$925
Housing Market Overview
| Metric | Mission | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,638 | $258,873 | $248,835 |
| Price Trend (Annual %) | 15.4% | 9.2% | 7.5% |
| Median Gross Rent | $925 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mission is about 33% lower 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 Mission, up about 15.4% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Mission rose about 31.7% between 2015 and 2024, from $702 to $925. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Mission.
Buying the median-priced home in Mission costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mission. The price-to-rent ratio in Texas is about 15.4.
| Metric | Mission | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,638 | $258,873 | $248,835 |
| Median Household Income | $58,937 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mission rose about 30.6%, while median household income rose about 51.6% 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 | Mission | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 56.7% | 58.5% |
| Rental Rate | 23.2% | 33.9% | 31.2% |
| Vacancy Rate | 13.9% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Mission has a homeownership rate of 63.0%, higher than the Texas average of 56.7%. Its housing vacancy rate is 13.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Mission | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.01 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1999 | 1990 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Mission was built around 1999. On average, 3.0 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mission, Texas.
What is the median home price in Mission, Texas?
The median home price in Mission, Texas is $173,638, lower than the Texas average of $258,873.
What is the average home price in Mission, Texas?
The typical home price in Mission, Texas, reported as the median sale price, is $173,638. 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 Mission, Texas?
The median gross rent in Mission, Texas is $925 per month, lower than the Texas average of $1,402.
What was the median gross rent in Mission in 2020?
In 2020, the median gross rent in Mission, Texas was $824 per month.
What is the price-to-rent ratio in Mission, Texas?
The price-to-rent ratio in Mission, Texas is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mission.
Are home prices or rent rising faster in Mission, Texas?
Both home prices and rent are rising in Mission, up about 15.4% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mission, Texas?
63.0% of households in Mission, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Mission, Texas?
The housing vacancy rate in Mission, Texas is 13.9%, higher than the Texas average of 9.4%.
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