Terry County, Texas Housing Market Prices
Terry County 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.
-
Median home price 79% below the Texas median Cheaper than 88% of counties in Texas$55,000
-
Median rent 42% below the Texas median Cheaper than 75% of counties in Texas$817
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Terry County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,000 | $258,873 | $248,835 |
| Price Trend (Annual %) | 50.0% | 9.2% | 7.5% |
| Median Gross Rent | $817 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Terry County is about 79% lower than in Texas. Rent is about 42% 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 Terry County, up about 50.0% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Terry County rose about 16.3% between 2015 and 2024, from $703 to $817. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Terry County.
Buying the median-priced home in Terry County costs roughly 5.6 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 Terry County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Terry County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,000 | $258,873 | $248,835 |
| Median Household Income | $43,966 | $78,939 | $80,455 |
| Price-to-Income Ratio | 1.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Terry County rose about 91.3%, while median household income rose about 30.1% 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 | Terry County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.7% | 56.7% | 58.5% |
| Rental Rate | 30.0% | 33.9% | 31.2% |
| Vacancy Rate | 10.3% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Terry County has a homeownership rate of 59.7%, higher than the Texas average of 56.7%. Its housing vacancy rate is 10.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Terry County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1969 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Terry County was built around 1969. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Terry County, TX Housing Compared With Nearby Counties
How Terry County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Terry County, TX | 11,629 | $55,000 #3/3 | $817 #3/3 | 66.5% #3/3 |
| Hockley County, TX | 21,363 | $127,206 | $850 | 72.2% |
| Yoakum County, TX | 7,571 | $163,140 | $972 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Terry County, Texas.
What is the median home price in Terry County, Texas?
The median home price in Terry County, Texas is $55,000, lower than the Texas average of $258,873.
What is the average home price in Terry County, Texas?
The typical home price in Terry County, Texas, reported as the median sale price, is $55,000. 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 Terry County, Texas?
The median gross rent in Terry County, Texas is $817 per month, lower than the Texas average of $1,402.
What was the median gross rent in Terry County in 2020?
In 2020, the median gross rent in Terry County, Texas was $697 per month.
What is the price-to-rent ratio in Terry County, Texas?
The price-to-rent ratio in Terry County, Texas is about 5.6, meaning it would take roughly 5.6 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 Terry County.
Are home prices or rent rising faster in Terry County, Texas?
Both home prices and rent are rising in Terry County, up about 50.0% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Terry County, Texas?
59.7% of households in Terry County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Terry County, Texas?
The housing vacancy rate in Terry County, Texas is 10.3%, higher than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →