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 | Shackelford County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,055 | $248,418 | $242,182 |
| Price Trend (Annual %) | 90.4% | 9.9% | 8.2% |
| Median Gross Rent | $485 | $1,338 | $1,342 |
| Rent Trend (Annual %) | -0.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shackelford County is about 69% lower than in Texas. Rent is about 64% lower 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 Shackelford County: home prices rose about 90.4% a year while rent fell about 0.8% a year. That is an unusual pattern worth watching.
Median rent in Shackelford County fell about 15.6% between 2015 and 2023, from $575 to $485. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Shackelford County.
Buying the median-priced home in Shackelford County costs roughly 13.4 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 Shackelford County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Shackelford County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,055 | $248,418 | $242,182 |
| Median Household Income | $64,944 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Shackelford County fell about 18.9%, while median household income rose about 46.3% 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 | Shackelford County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 56.5% | 58.2% |
| Rental Rate | 15.3% | 33.8% | 31.3% |
| Vacancy Rate | 15.5% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Shackelford County has a homeownership rate of 69.2%, higher than the Texas average of 56.5%. Its housing vacancy rate is 15.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Shackelford County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1974 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 5.4 | 5.5 |
The typical housing unit in Shackelford County was built around 1974. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Shackelford County, Texas.
What is the median home price in Shackelford County, Texas?
The median home price in Shackelford County, Texas is $78,055, lower than the Texas average of $248,418.
What is the average home price in Shackelford 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 Shackelford County, Texas?
The median gross rent in Shackelford County, Texas is $485 per month, lower than the Texas average of $1,338.
What was the median gross rent in Shackelford County in 2020?
In 2020, the median gross rent in Shackelford County, Texas was $754 per month.
What is the price-to-rent ratio in Shackelford County, Texas?
The price-to-rent ratio in Shackelford County, Texas is about 13.4, meaning it would take roughly 13.4 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 Shackelford County.
Are home prices or rent rising faster in Shackelford County, Texas?
Home prices and rent are moving in opposite directions in Shackelford County: home prices rose about 90.4% a year while rent fell about 0.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Shackelford County, Texas?
69.2% of households in Shackelford County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Shackelford County, Texas?
The housing vacancy rate in Shackelford County, Texas is 15.5%, higher than the Texas average of 9.6%.