Texarkana, Texas Housing Market Prices
Texarkana 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 178% above the Texas median$719,917
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Median rent 28% below the Texas median$1,003
Housing Market Overview
| Metric | Texarkana | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $719,917 | $258,873 | $248,835 |
| Price Trend (Annual %) | 44.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,003 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Texarkana is about 178% higher than in Texas. Rent is about 28% 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 Texarkana, up about 44.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Texarkana rose about 41.2% between 2015 and 2024, from $710 to $1,003. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 14.3 yearly household incomes in Texarkana.
Buying the median-priced home in Texarkana costs roughly 59.8 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 Texarkana. The price-to-rent ratio in Texas is about 15.4.
| Metric | Texarkana | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $719,917 | $258,873 | $248,835 |
| Median Household Income | $50,471 | $78,939 | $80,455 |
| Price-to-Income Ratio | 14.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Texarkana rose about 578.8%, while median household income rose about 33.8% 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 | Texarkana | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.6% | 56.7% | 58.5% |
| Rental Rate | 43.6% | 33.9% | 31.2% |
| Vacancy Rate | 10.8% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Texarkana has a homeownership rate of 45.6%, lower than the Texas average of 56.7%. Its housing vacancy rate is 10.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | Texarkana | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1978 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Texarkana was built around 1978. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Texarkana, TX Housing Compared With Nearby Cities
How Texarkana, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Texarkana, TX | 36,070 | $719,917 #1/2 | $1,003 #1/2 | 51.2% #2/2 |
| Texarkana, AR | 27,296 | $51,846 | $908 | 53.0% |
Frequently Asked Questions
Common questions about the housing market in Texarkana, Texas.
What is the median home price in Texarkana, Texas?
The median home price in Texarkana, Texas is $719,917, higher than the Texas average of $258,873.
What is the average home price in Texarkana, Texas?
The typical home price in Texarkana, Texas, reported as the median sale price, is $719,917. 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 Texarkana, Texas?
The median gross rent in Texarkana, Texas is $1,003 per month, lower than the Texas average of $1,402.
What was the median gross rent in Texarkana in 2020?
In 2020, the median gross rent in Texarkana, Texas was $794 per month.
What is the price-to-rent ratio in Texarkana, Texas?
The price-to-rent ratio in Texarkana, Texas is about 59.8, meaning it would take roughly 59.8 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 Texarkana.
Are home prices or rent rising faster in Texarkana, Texas?
Both home prices and rent are rising in Texarkana, up about 44.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Texarkana, Texas?
45.6% of households in Texarkana, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Texarkana, Texas?
The housing vacancy rate in Texarkana, Texas is 10.8%, higher than the Texas average of 9.4%.
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