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.
Housing Market Overview
| Metric | Sachse | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,354 | $248,418 | $242,182 |
| Price Trend (Annual %) | -1.0% | 9.9% | 8.2% |
| Median Gross Rent | $1,945 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sachse is about 66% lower than in Texas. Rent is about 45% higher 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 Sachse: home prices fell about 1.0% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
Median rent in Sachse rose about 57.7% between 2015 and 2023, from $1,234 to $1,945. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Sachse.
Buying the median-priced home in Sachse costs roughly 3.6 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 Sachse. The price-to-rent ratio in Texas is about 15.5.
| Metric | Sachse | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,354 | $248,418 | $242,182 |
| Median Household Income | $126,832 | $76,510 | $78,145 |
| Price-to-Income Ratio | 0.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sachse fell about 57.0%, while median household income rose about 49.7% 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 | Sachse | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 83.2% | 56.5% | 58.2% |
| Rental Rate | 14.4% | 33.8% | 31.3% |
| Vacancy Rate | 2.4% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Sachse has a homeownership rate of 83.2%, higher than the Texas average of 56.5%. Its housing vacancy rate is 2.4%, compared with 9.6% in Texas.
Housing Stock
| Metric | Sachse | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 2003 | 1989 | 1978 |
| Median Number of Rooms | 7.0 | 5.4 | 5.5 |
The typical housing unit in Sachse was built around 2003. On average, 2.9 people live in a home with about 7.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sachse, Texas.
What is the median home price in Sachse, Texas?
The median home price in Sachse, Texas is $84,354, lower than the Texas average of $248,418.
What is the average home price in Sachse, 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 Sachse, Texas?
The median gross rent in Sachse, Texas is $1,945 per month, higher than the Texas average of $1,338.
What was the median gross rent in Sachse in 2020?
In 2020, the median gross rent in Sachse, Texas was $1,547 per month.
What is the price-to-rent ratio in Sachse, Texas?
The price-to-rent ratio in Sachse, Texas is about 3.6, meaning it would take roughly 3.6 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 Sachse.
Are home prices or rent rising faster in Sachse, Texas?
Home prices and rent are moving in opposite directions in Sachse: home prices fell about 1.0% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sachse, Texas?
83.2% of households in Sachse, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Sachse, Texas?
The housing vacancy rate in Sachse, Texas is 2.4%, lower than the Texas average of 9.6%.