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 | Ochiltree County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $204,167 | $248,418 | $242,182 |
| Price Trend (Annual %) | -1.7% | 9.9% | 8.2% |
| Median Gross Rent | $905 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ochiltree County is about 18% lower than in Texas. Rent is about 32% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Ochiltree County: home prices fell about 1.7% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Ochiltree County rose about 29.0% between 2015 and 2023, from $702 to $905. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Ochiltree County.
Buying the median-priced home in Ochiltree County costs roughly 18.8 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 Ochiltree County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Ochiltree County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $204,167 | $248,418 | $242,182 |
| Median Household Income | $69,759 | $76,510 | $78,145 |
| Price-to-Income Ratio | 2.9 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ochiltree County fell about 22.2%, while median household income rose about 44.6% between 2009 and 2023 — 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 | Ochiltree County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 56.5% | 58.2% |
| Rental Rate | 26.7% | 33.8% | 31.3% |
| Vacancy Rate | 13.4% | 9.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Ochiltree County has a homeownership rate of 59.9%, higher than the Texas average of 56.5%. Its housing vacancy rate is 13.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Ochiltree County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1976 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Ochiltree County was built around 1976. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ochiltree County, Texas.
What is the median home price in Ochiltree County, Texas?
The median home price in Ochiltree County, Texas is $204,167, lower than the Texas average of $248,418.
What is the average home price in Ochiltree 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 Ochiltree County, Texas?
The median gross rent in Ochiltree County, Texas is $905 per month, lower than the Texas average of $1,338.
What was the median gross rent in Ochiltree County in 2020?
In 2020, the median gross rent in Ochiltree County, Texas was $820 per month.
What is the price-to-rent ratio in Ochiltree County, Texas?
The price-to-rent ratio in Ochiltree County, Texas is about 18.8, meaning it would take roughly 18.8 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 Ochiltree County.
Are home prices or rent rising faster in Ochiltree County, Texas?
Home prices and rent are moving in opposite directions in Ochiltree County: home prices fell about 1.7% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Ochiltree County, Texas?
59.9% of households in Ochiltree County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Ochiltree County, Texas?
The housing vacancy rate in Ochiltree County, Texas is 13.4%, higher than the Texas average of 9.6%.