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 | Swisher County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $248,418 | $242,182 |
| Price Trend (Annual %) | 1152.1% | 9.9% | 8.2% |
| Median Gross Rent | $728 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 1.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Swisher County is about 152% higher than in Texas. Rent is about 46% 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 Swisher County, up about 1152.1% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Swisher County rose about 19.8% between 2015 and 2023, from $608 to $728. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 15.9 yearly household incomes in Swisher County.
Buying the median-priced home in Swisher County costs roughly 71.5 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 Swisher County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Swisher County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $248,418 | $242,182 |
| Median Household Income | $39,268 | $76,510 | $78,145 |
| Price-to-Income Ratio | 15.9 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Swisher County rose about 6650.7%, while median household income rose about 11.9% 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 | Swisher County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.3% | 56.5% | 58.2% |
| Rental Rate | 27.4% | 33.8% | 31.3% |
| Vacancy Rate | 19.3% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Swisher County has a homeownership rate of 53.3%, lower than the Texas average of 56.5%. Its housing vacancy rate is 19.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Swisher County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1964 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Swisher County was built around 1964. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Swisher County, Texas.
What is the median home price in Swisher County, Texas?
The median home price in Swisher County, Texas is $625,000, higher than the Texas average of $248,418.
What is the average home price in Swisher 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 Swisher County, Texas?
The median gross rent in Swisher County, Texas is $728 per month, lower than the Texas average of $1,338.
What was the median gross rent in Swisher County in 2020?
In 2020, the median gross rent in Swisher County, Texas was $701 per month.
What is the price-to-rent ratio in Swisher County, Texas?
The price-to-rent ratio in Swisher County, Texas is about 71.5, meaning it would take roughly 71.5 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 Swisher County.
Are home prices or rent rising faster in Swisher County, Texas?
Both home prices and rent are rising in Swisher County, up about 1152.1% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Swisher County, Texas?
53.3% of households in Swisher County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Swisher County, Texas?
The housing vacancy rate in Swisher County, Texas is 19.3%, higher than the Texas average of 9.6%.