Temple, Texas Housing Market Prices
Temple Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 1% above the Texas median$261,935
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Median rent 12% below the Texas median$1,237
Housing Market Overview
| Metric | Temple | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,935 | $258,873 | $248,835 |
| Price Trend (Annual %) | 15.0% | 9.2% | 7.5% |
| Median Gross Rent | $1,237 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Temple is about 1% higher than in Texas. Rent is about 12% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Temple, up about 15.0% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Temple rose about 52.6% between 2015 and 2024, from $811 to $1,237. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Temple.
Buying the median-priced home in Temple costs roughly 17.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Temple. The price-to-rent ratio in Texas is about 15.4.
| Metric | Temple | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,935 | $258,873 | $248,835 |
| Median Household Income | $68,660 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Temple rose about 124.0%, while median household income rose about 45.6% between 2009 and 2025 — 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 | Temple | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.0% | 56.7% | 58.5% |
| Rental Rate | 43.6% | 33.9% | 31.2% |
| Vacancy Rate | 7.4% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Temple has a homeownership rate of 49.0%, lower than the Texas average of 56.7%. Its housing vacancy rate is 7.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Temple | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1990 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Temple was built around 1990. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Temple, Texas.
What is the median home price in Temple, Texas?
The median home price in Temple, Texas is $261,935, higher than the Texas average of $258,873.
What is the average home price in Temple, Texas?
The typical home price in Temple, Texas, reported as the median sale price, is $261,935. 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 Temple, Texas?
The median gross rent in Temple, Texas is $1,237 per month, lower than the Texas average of $1,402.
What was the median gross rent in Temple in 2020?
In 2020, the median gross rent in Temple, Texas was $922 per month.
What is the price-to-rent ratio in Temple, Texas?
The price-to-rent ratio in Temple, Texas is about 17.6, meaning it would take roughly 17.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Temple.
Are home prices or rent rising faster in Temple, Texas?
Both home prices and rent are rising in Temple, up about 15.0% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Temple, Texas?
49.0% of households in Temple, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Temple, Texas?
The housing vacancy rate in Temple, Texas is 7.4%, lower than the Texas average of 9.4%.
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