Mitchell County, Texas Housing Market Prices
Mitchell 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 93% below the Texas median$18,627
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Median rent 63% below the Texas median Among the top 5 cheapest counties in Texas$523
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mitchell County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,627 | $258,873 | $248,835 |
| Price Trend (Annual %) | -12.0% | 9.2% | 7.5% |
| Median Gross Rent | $523 | $1,402 | $1,407 |
| Rent Trend (Annual %) | -0.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mitchell County is about 93% lower than in Texas. Rent is about 63% 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 falling in Mitchell County, down about 12.0% and 0.7% a year respectively. Home prices are changing faster.
Median rent in Mitchell County fell about 13.3% between 2015 and 2024, from $603 to $523. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Mitchell County.
Buying the median-priced home in Mitchell County costs roughly 3.0 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 Mitchell County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Mitchell County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,627 | $258,873 | $248,835 |
| Median Household Income | $60,679 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mitchell County fell about 69.3%, while median household income rose about 32.5% 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 | Mitchell County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 56.7% | 58.5% |
| Rental Rate | 15.9% | 33.9% | 31.2% |
| Vacancy Rate | 25.3% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Mitchell County has a homeownership rate of 58.8%, higher than the Texas average of 56.7%. Its housing vacancy rate is 25.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Mitchell County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.76 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1963 | 1990 | 1978 |
| Median Number of Rooms | 4.9 | 5.4 | 5.5 |
The typical housing unit in Mitchell County was built around 1963. On average, 2.8 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Mitchell County, TX Housing Compared With Nearby Counties
How Mitchell County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mitchell County, TX | 9,018 | $18,627 #3/3 | $523 #3/3 | 78.7% #1/3 |
| Howard County, TX | 32,290 | $223,750 | $1,034 | 69.5% |
| Nolan County, TX | 14,454 | $48,386 | $913 | 68.1% |
Frequently Asked Questions
Common questions about the housing market in Mitchell County, Texas.
What is the median home price in Mitchell County, Texas?
The median home price in Mitchell County, Texas is $18,627, lower than the Texas average of $258,873.
What is the average home price in Mitchell County, Texas?
The typical home price in Mitchell County, Texas, reported as the median sale price, is $18,627. 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 Mitchell County, Texas?
The median gross rent in Mitchell County, Texas is $523 per month, lower than the Texas average of $1,402.
What was the median gross rent in Mitchell County in 2020?
In 2020, the median gross rent in Mitchell County, Texas was $650 per month.
What is the price-to-rent ratio in Mitchell County, Texas?
The price-to-rent ratio in Mitchell County, Texas is about 3.0, meaning it would take roughly 3.0 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 Mitchell County.
Are home prices or rent rising faster in Mitchell County, Texas?
Both home prices and rent are falling in Mitchell County, down about 12.0% and 0.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mitchell County, Texas?
58.8% of households in Mitchell County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Mitchell County, Texas?
The housing vacancy rate in Mitchell County, Texas is 25.3%, higher than the Texas average of 9.4%.
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