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 | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,111 | $248,418 | $242,182 |
| Price Trend (Annual %) | -12.9% | 9.9% | 8.2% |
| Median Gross Rent | $627 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Schleicher County is about 75% lower than in Texas. Rent is about 53% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Schleicher County: home prices fell about 12.9% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
Median rent in Schleicher County rose about 24.5% between 2015 and 2023, from $503 to $627. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Schleicher County.
Buying the median-priced home in Schleicher County costs roughly 8.1 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 Schleicher County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,111 | $248,418 | $242,182 |
| Median Household Income | $84,508 | $76,510 | $78,145 |
| Price-to-Income Ratio | 0.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Schleicher County fell about 59.3%, while median household income rose about 59.3% 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 | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 56.5% | 58.2% |
| Rental Rate | 8.8% | 33.8% | 31.3% |
| Vacancy Rate | 28.8% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Schleicher County has a homeownership rate of 62.4%, higher than the Texas average of 56.5%. Its housing vacancy rate is 28.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1975 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Schleicher County was built around 1975. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Schleicher County, Texas.
What is the median home price in Schleicher County, Texas?
The median home price in Schleicher County, Texas is $61,111, lower than the Texas average of $248,418.
What is the average home price in Schleicher 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 Schleicher County, Texas?
The median gross rent in Schleicher County, Texas is $627 per month, lower than the Texas average of $1,338.
What was the median gross rent in Schleicher County in 2020?
In 2020, the median gross rent in Schleicher County, Texas was $400 per month.
What is the price-to-rent ratio in Schleicher County, Texas?
The price-to-rent ratio in Schleicher County, Texas is about 8.1, meaning it would take roughly 8.1 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 Schleicher County.
Are home prices or rent rising faster in Schleicher County, Texas?
Home prices and rent are moving in opposite directions in Schleicher County: home prices fell about 12.9% a year while rent rose about 3.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Schleicher County, Texas?
62.4% of households in Schleicher County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Schleicher County, Texas?
The housing vacancy rate in Schleicher County, Texas is 28.8%, higher than the Texas average of 9.6%.