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 | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,871 | $248,418 | $242,182 |
| Price Trend (Annual %) | 49.8% | 9.9% | 8.2% |
| Median Gross Rent | $894 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rains County is about 24% higher than in Texas. Rent is about 33% 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 Rains County, up about 49.8% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Rains County rose about 35.2% between 2015 and 2023, from $661 to $894. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Rains County.
Buying the median-priced home in Rains County costs roughly 28.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Rains County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,871 | $248,418 | $242,182 |
| Median Household Income | $67,003 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rains County rose about 133.6%, while median household income rose about 63.3% 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 | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 56.5% | 58.2% |
| Rental Rate | 13.8% | 33.8% | 31.3% |
| Vacancy Rate | 19.4% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Rains County has a homeownership rate of 66.8%, higher than the Texas average of 56.5%. Its housing vacancy rate is 19.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1992 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Rains County was built around 1992. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rains County, Texas.
What is the median home price in Rains County, Texas?
The median home price in Rains County, Texas is $308,871, higher than the Texas average of $248,418.
What is the average home price in Rains 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 Rains County, Texas?
The median gross rent in Rains County, Texas is $894 per month, lower than the Texas average of $1,338.
What was the median gross rent in Rains County in 2020?
In 2020, the median gross rent in Rains County, Texas was $713 per month.
What is the price-to-rent ratio in Rains County, Texas?
The price-to-rent ratio in Rains County, Texas is about 28.8, meaning it would take roughly 28.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Rains County.
Are home prices or rent rising faster in Rains County, Texas?
Both home prices and rent are rising in Rains County, up about 49.8% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rains County, Texas?
66.8% of households in Rains County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Rains County, Texas?
The housing vacancy rate in Rains County, Texas is 19.4%, higher than the Texas average of 9.6%.