Parmer County, Texas Housing Market Prices
Parmer 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 44% below the Texas median$146,036
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Median rent 23% below the Texas median More expensive than 75% of counties in Texas$1,081
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Parmer County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,036 | $258,873 | $248,835 |
| Price Trend (Annual %) | -0.9% | 9.2% | 7.5% |
| Median Gross Rent | $1,081 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Parmer County is about 44% lower than in Texas. Rent is about 23% 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 Parmer County: home prices fell about 0.9% a year while rent rose about 6.9% a year. That is an unusual pattern worth watching.
Median rent in Parmer County rose about 73.0% between 2015 and 2024, from $625 to $1,081. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Parmer County.
Buying the median-priced home in Parmer County costs roughly 11.3 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 Parmer County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Parmer County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,036 | $258,873 | $248,835 |
| Median Household Income | $72,449 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Parmer County fell about 19.8%, while median household income rose about 85.8% 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 | Parmer County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.2% | 56.7% | 58.5% |
| Rental Rate | 24.1% | 33.9% | 31.2% |
| Vacancy Rate | 13.7% | 9.4% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Parmer County has a homeownership rate of 62.2%, higher than the Texas average of 56.7%. Its housing vacancy rate is 13.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Parmer County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.98 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1974 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Parmer County was built around 1974. On average, 3.0 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Parmer County, TX Housing Compared With Nearby Counties
Parmer County, TX is the 4th largest of the 5 counties compared here, 9,731 residents against a local median of 15,644. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Parmer County, TX an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 14% above the local median at $1,081 against $949. Parmer County, TX has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Parmer County, TX | 9,731 | $146,036 #3/5 | $1,081 #1/5 | 72.1% #3/5 |
| Bailey County, TX | 6,913 | $275,000 | $931 | 79.9% |
| Deaf Smith County, TX | 18,460 | $119,736 | $926 | 66.8% |
| Curry County, NM | 47,638 | $162,638 | $1,024 | 62.7% |
| Lamb County, TX | 12,828 | $119,374 | $967 | 74.0% |
Frequently Asked Questions
Common questions about the housing market in Parmer County, Texas.
What is the median home price in Parmer County, Texas?
The median home price in Parmer County, Texas is $146,036, lower than the Texas average of $258,873.
What is the average home price in Parmer County, Texas?
The typical home price in Parmer County, Texas, reported as the median sale price, is $146,036. 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 Parmer County, Texas?
The median gross rent in Parmer County, Texas is $1,081 per month, lower than the Texas average of $1,402.
What was the median gross rent in Parmer County in 2020?
In 2020, the median gross rent in Parmer County, Texas was $739 per month.
What is the price-to-rent ratio in Parmer County, Texas?
The price-to-rent ratio in Parmer County, Texas is about 11.3, meaning it would take roughly 11.3 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 Parmer County.
Are home prices or rent rising faster in Parmer County, Texas?
Home prices and rent are moving in opposite directions in Parmer County: home prices fell about 0.9% a year while rent rose about 6.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Parmer County, Texas?
62.2% of households in Parmer County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Parmer County, Texas?
The housing vacancy rate in Parmer County, Texas is 13.7%, higher than the Texas average of 9.4%.
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