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 | Motley County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,846 | $248,418 | $242,182 |
| Price Trend (Annual %) | 7.8% | 9.9% | 8.2% |
| Median Gross Rent | $724 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Motley County is about 48% lower than in Texas. Rent is about 46% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Motley County, up about 7.8% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Motley County rose about 34.1% between 2015 and 2023, from $540 to $725. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Motley County.
Buying the median-priced home in Motley County costs roughly 14.8 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 Motley County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Motley County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,846 | $248,418 | $242,182 |
| Median Household Income | $61,304 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Motley County rose about 88.1%, while median household income rose about 85.8% between 2009 and 2023 — 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 | Motley County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.1% | 56.5% | 58.2% |
| Rental Rate | 14.7% | 33.8% | 31.3% |
| Vacancy Rate | 36.2% | 9.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Motley County has a homeownership rate of 49.1%, lower than the Texas average of 56.5%. Its housing vacancy rate is 36.2%, compared with 9.6% in Texas.
Housing Stock
| Metric | Motley County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1957 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Motley County was built around 1957. On average, 2.7 people live in a home with about 5.0 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Motley County, Texas.
What is the median home price in Motley County, Texas?
The median home price in Motley County, Texas is $128,846, lower than the Texas average of $248,418.
What is the average home price in Motley 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 Motley County, Texas?
The median gross rent in Motley County, Texas is $725 per month, lower than the Texas average of $1,338.
What was the median gross rent in Motley County in 2020?
In 2020, the median gross rent in Motley County, Texas was $629 per month.
What is the price-to-rent ratio in Motley County, Texas?
The price-to-rent ratio in Motley County, Texas is about 14.8, meaning it would take roughly 14.8 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 Motley County.
Are home prices or rent rising faster in Motley County, Texas?
Both home prices and rent are rising in Motley County, up about 7.8% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Motley County, Texas?
49.1% of households in Motley County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Motley County, Texas?
The housing vacancy rate in Motley County, Texas is 36.2%, higher than the Texas average of 9.6%.