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 | Nueces County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,800 | $248,418 | $242,182 |
| Price Trend (Annual %) | 6.9% | 9.9% | 8.2% |
| Median Gross Rent | $1,223 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nueces County is about 5% lower than in Texas. Rent is about 9% 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 Nueces County, up about 6.9% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Nueces County rose about 38.1% between 2015 and 2023, from $886 to $1,223. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Nueces County.
Buying the median-priced home in Nueces County costs roughly 16.1 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 Nueces County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Nueces County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,800 | $248,418 | $242,182 |
| Median Household Income | $66,679 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Nueces County rose about 63.1%, while median household income rose about 57.3% 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 | Nueces County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.2% | 56.5% | 58.2% |
| Rental Rate | 34.3% | 33.8% | 31.3% |
| Vacancy Rate | 14.6% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Nueces County has a homeownership rate of 51.2%, lower than the Texas average of 56.5%. Its housing vacancy rate is 14.6%, compared with 9.6% in Texas.
Housing Stock
| Metric | Nueces County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Nueces County was built around 1981. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nueces County, Texas.
What is the median home price in Nueces County, Texas?
The median home price in Nueces County, Texas is $235,800, lower than the Texas average of $248,418.
What is the average home price in Nueces 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 Nueces County, Texas?
The median gross rent in Nueces County, Texas is $1,223 per month, lower than the Texas average of $1,338.
What was the median gross rent in Nueces County in 2020?
In 2020, the median gross rent in Nueces County, Texas was $1,048 per month.
What is the price-to-rent ratio in Nueces County, Texas?
The price-to-rent ratio in Nueces County, Texas is about 16.1, meaning it would take roughly 16.1 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 Nueces County.
Are home prices or rent rising faster in Nueces County, Texas?
Both home prices and rent are rising in Nueces County, up about 6.9% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nueces County, Texas?
51.2% of households in Nueces County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Nueces County, Texas?
The housing vacancy rate in Nueces County, Texas is 14.6%, higher than the Texas average of 9.6%.