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 | Refugio County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,774 | $248,418 | $242,182 |
| Price Trend (Annual %) | 38.0% | 9.9% | 8.2% |
| Median Gross Rent | $842 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Refugio County is about 77% lower than in Texas. Rent is about 37% 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 Refugio County, up about 38.0% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Refugio County rose about 30.7% between 2015 and 2023, from $644 to $842. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Refugio County.
Buying the median-priced home in Refugio County costs roughly 5.6 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 Refugio County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Refugio County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,774 | $248,418 | $242,182 |
| Median Household Income | $57,621 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Refugio County fell about 10.2%, while median household income rose about 44.5% 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 | Refugio County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 56.5% | 58.2% |
| Rental Rate | 15.7% | 33.8% | 31.3% |
| Vacancy Rate | 28.7% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Refugio County has a homeownership rate of 55.6%, lower than the Texas average of 56.5%. Its housing vacancy rate is 28.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Refugio County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.76 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1976 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Refugio County was built around 1976. On average, 2.8 people live in a home with about 5.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Refugio County, Texas.
What is the median home price in Refugio County, Texas?
The median home price in Refugio County, Texas is $56,774, lower than the Texas average of $248,418.
What is the average home price in Refugio 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 Refugio County, Texas?
The median gross rent in Refugio County, Texas is $842 per month, lower than the Texas average of $1,338.
What was the median gross rent in Refugio County in 2020?
In 2020, the median gross rent in Refugio County, Texas was $636 per month.
What is the price-to-rent ratio in Refugio County, Texas?
The price-to-rent ratio in Refugio County, Texas is about 5.6, meaning it would take roughly 5.6 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 Refugio County.
Are home prices or rent rising faster in Refugio County, Texas?
Both home prices and rent are rising in Refugio County, up about 38.0% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Refugio County, Texas?
55.6% of households in Refugio County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Refugio County, Texas?
The housing vacancy rate in Refugio County, Texas is 28.7%, higher than the Texas average of 9.6%.