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 | Sutton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,435 | $248,418 | $242,182 |
| Price Trend (Annual %) | 78.7% | 9.9% | 8.2% |
| Median Gross Rent | $770 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sutton County is about 3% higher than in Texas. Rent is about 42% 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 Sutton County, up about 78.7% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Sutton County rose about 26.3% between 2015 and 2023, from $609 to $770. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Sutton County.
Buying the median-priced home in Sutton County costs roughly 27.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sutton County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Sutton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,435 | $248,418 | $242,182 |
| Median Household Income | $75,000 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sutton County rose about 778.1%, while median household income rose about 36.4% 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 | Sutton County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.6% | 56.5% | 58.2% |
| Rental Rate | 23.4% | 33.8% | 31.3% |
| Vacancy Rate | 29.0% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Sutton County has a homeownership rate of 47.6%, lower than the Texas average of 56.5%. Its housing vacancy rate is 29.0%, compared with 9.6% in Texas.
Housing Stock
| Metric | Sutton County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1972 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Sutton County was built around 1972. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sutton County, Texas.
What is the median home price in Sutton County, Texas?
The median home price in Sutton County, Texas is $255,435, higher than the Texas average of $248,418.
What is the average home price in Sutton 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 Sutton County, Texas?
The median gross rent in Sutton County, Texas is $770 per month, lower than the Texas average of $1,338.
What was the median gross rent in Sutton County in 2020?
In 2020, the median gross rent in Sutton County, Texas was $647 per month.
What is the price-to-rent ratio in Sutton County, Texas?
The price-to-rent ratio in Sutton County, Texas is about 27.7, meaning it would take roughly 27.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sutton County.
Are home prices or rent rising faster in Sutton County, Texas?
Both home prices and rent are rising in Sutton County, up about 78.7% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sutton County, Texas?
47.6% of households in Sutton County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Sutton County, Texas?
The housing vacancy rate in Sutton County, Texas is 29.0%, higher than the Texas average of 9.6%.