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 | Scurry County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,687 | $248,418 | $242,182 |
| Price Trend (Annual %) | 16.6% | 9.9% | 8.2% |
| Median Gross Rent | $913 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Scurry County is about 66% lower than in Texas. Rent is about 32% 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 Scurry County, up about 16.6% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Scurry County rose about 27.5% between 2015 and 2023, from $716 to $913. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Scurry County.
Buying the median-priced home in Scurry County costs roughly 7.7 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 Scurry County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Scurry County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,687 | $248,418 | $242,182 |
| Median Household Income | $60,320 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Scurry County rose about 146.4%, while median household income rose about 52.6% 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 | Scurry County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.3% | 56.5% | 58.2% |
| Rental Rate | 19.7% | 33.8% | 31.3% |
| Vacancy Rate | 14.0% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Scurry County has a homeownership rate of 66.3%, higher than the Texas average of 56.5%. Its housing vacancy rate is 14.0%, compared with 9.6% in Texas.
Housing Stock
| Metric | Scurry County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1968 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Scurry County was built around 1968. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Scurry County, Texas.
What is the median home price in Scurry County, Texas?
The median home price in Scurry County, Texas is $84,687, lower than the Texas average of $248,418.
What is the average home price in Scurry 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 Scurry County, Texas?
The median gross rent in Scurry County, Texas is $913 per month, lower than the Texas average of $1,338.
What was the median gross rent in Scurry County in 2020?
In 2020, the median gross rent in Scurry County, Texas was $756 per month.
What is the price-to-rent ratio in Scurry County, Texas?
The price-to-rent ratio in Scurry County, Texas is about 7.7, meaning it would take roughly 7.7 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 Scurry County.
Are home prices or rent rising faster in Scurry County, Texas?
Both home prices and rent are rising in Scurry County, up about 16.6% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Scurry County, Texas?
66.3% of households in Scurry County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Scurry County, Texas?
The housing vacancy rate in Scurry County, Texas is 14.0%, higher than the Texas average of 9.6%.