Palo Pinto County, Texas Housing Market Prices
Palo Pinto 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 63% below the Texas median Cheaper than 75% of counties in Texas$96,595
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Median rent 22% below the Texas median More expensive than 75% of counties in Texas$1,093
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,595 | $258,873 | $248,835 |
| Price Trend (Annual %) | -6.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,093 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Palo Pinto County is about 63% lower than in Texas. Rent is about 22% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Palo Pinto County: home prices fell about 6.4% a year while rent rose about 5.4% a year. That is an unusual pattern worth watching.
Median rent in Palo Pinto County rose about 55.6% between 2015 and 2024, from $702 to $1,093. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Palo Pinto County.
Buying the median-priced home in Palo Pinto County costs roughly 7.4 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 Palo Pinto County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,595 | $258,873 | $248,835 |
| Median Household Income | $67,381 | $78,939 | $80,455 |
| Price-to-Income Ratio | 1.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Palo Pinto County rose about 41.6%, while median household income rose about 65.7% 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 | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.5% | 56.7% | 58.5% |
| Rental Rate | 21.4% | 33.9% | 31.2% |
| Vacancy Rate | 26.1% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Palo Pinto County has a homeownership rate of 52.5%, lower than the Texas average of 56.7%. Its housing vacancy rate is 26.1%, compared with 9.4% in Texas.
Housing Stock
| Metric | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Palo Pinto County was built around 1986. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Palo Pinto County, TX Housing Compared With Nearby Counties
Palo Pinto County, TX is the 3rd largest of the 4 counties compared here, 29,295 residents against a local median of 43,794. Palo Pinto County, TX's median home price, at $96,595, runs 59% below the $232,812 typical of the counties around it.
The counties themselves spread $94,569 on median home price, so Palo Pinto County, TX sits at one end of an already wide local range rather than apart from it. Palo Pinto County, TX has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Palo Pinto County, TX | 29,295 | $96,595 #4/4 | $1,093 #3/4 | 71.0% #3/4 |
| Parker County, TX | 165,168 | $240,818 | $1,500 | 80.7% |
| Stephens County, TX | 9,351 | $146,249 | $846 | 79.2% |
| Erath County, TX | 43,794 | $232,812 | $1,146 | 63.1% |
Frequently Asked Questions
Common questions about the housing market in Palo Pinto County, Texas.
What is the median home price in Palo Pinto County, Texas?
The median home price in Palo Pinto County, Texas is $96,595, lower than the Texas average of $258,873.
What is the average home price in Palo Pinto County, Texas?
The typical home price in Palo Pinto County, Texas, reported as the median sale price, is $96,595. 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 Palo Pinto County, Texas?
The median gross rent in Palo Pinto County, Texas is $1,093 per month, lower than the Texas average of $1,402.
What was the median gross rent in Palo Pinto County in 2020?
In 2020, the median gross rent in Palo Pinto County, Texas was $832 per month.
What is the price-to-rent ratio in Palo Pinto County, Texas?
The price-to-rent ratio in Palo Pinto County, Texas is about 7.4, meaning it would take roughly 7.4 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 Palo Pinto County.
Are home prices or rent rising faster in Palo Pinto County, Texas?
Home prices and rent are moving in opposite directions in Palo Pinto County: home prices fell about 6.4% a year while rent rose about 5.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Palo Pinto County, Texas?
52.5% of households in Palo Pinto County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Palo Pinto County, Texas?
The housing vacancy rate in Palo Pinto County, Texas is 26.1%, higher than the Texas average of 9.4%.
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