Nolan County, Texas Housing Market Prices
Nolan 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 81% below the Texas median Cheaper than 91% of counties in Texas$48,386
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Median rent 35% below the Texas median$913
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nolan County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,386 | $258,873 | $248,835 |
| Price Trend (Annual %) | 7.3% | 9.2% | 7.5% |
| Median Gross Rent | $913 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nolan County is about 81% lower than in Texas. Rent is about 35% 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 Nolan County, up about 7.3% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Nolan County rose about 57.9% between 2015 and 2024, from $578 to $913. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Nolan County.
Buying the median-priced home in Nolan County costs roughly 4.4 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 Nolan County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Nolan County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,386 | $258,873 | $248,835 |
| Median Household Income | $50,939 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nolan County rose about 12.6%, while median household income rose about 27.5% 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 | Nolan County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.4% | 56.7% | 58.5% |
| Rental Rate | 26.4% | 33.9% | 31.2% |
| Vacancy Rate | 17.1% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Nolan County has a homeownership rate of 56.4%, about the same as the Texas average of 56.7%. Its housing vacancy rate is 17.1%, compared with 9.4% in Texas.
Housing Stock
| Metric | Nolan County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1964 | 1990 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Nolan County was built around 1964. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Nolan County, TX Housing Compared With Nearby Counties
How Nolan County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Nolan County, TX | 14,454 | $48,386 #2/3 | $913 #2/3 | 68.1% #2/3 |
| Mitchell County, TX | 9,018 | $18,627 | $523 | 78.7% |
| Taylor County, TX | 145,863 | $257,723 | $1,159 | 60.5% |
Frequently Asked Questions
Common questions about the housing market in Nolan County, Texas.
What is the median home price in Nolan County, Texas?
The median home price in Nolan County, Texas is $48,386, lower than the Texas average of $258,873.
What is the average home price in Nolan County, Texas?
The typical home price in Nolan County, Texas, reported as the median sale price, is $48,386. 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 Nolan County, Texas?
The median gross rent in Nolan County, Texas is $913 per month, lower than the Texas average of $1,402.
What was the median gross rent in Nolan County in 2020?
In 2020, the median gross rent in Nolan County, Texas was $738 per month.
What is the price-to-rent ratio in Nolan County, Texas?
The price-to-rent ratio in Nolan County, Texas is about 4.4, meaning it would take roughly 4.4 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 Nolan County.
Are home prices or rent rising faster in Nolan County, Texas?
Both home prices and rent are rising in Nolan County, up about 7.3% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nolan County, Texas?
56.4% of households in Nolan County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Nolan County, Texas?
The housing vacancy rate in Nolan County, Texas is 17.1%, higher than the Texas average of 9.4%.
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