Timberwood Park, Texas Housing Market Prices
Timberwood Park 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 77% below the Texas median$59,612
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Median rent 34% above the Texas median$1,879
Housing Market Overview
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,612 | $258,873 | $248,835 |
| Price Trend (Annual %) | -8.2% | 9.2% | 7.5% |
| Median Gross Rent | $1,879 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Timberwood Park is about 77% lower than in Texas. Rent is about 34% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Timberwood Park: home prices fell about 8.2% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Timberwood Park rose about 36.3% between 2015 and 2024, from $1,379 to $1,879. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Timberwood Park.
Buying the median-priced home in Timberwood Park costs roughly 2.6 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 Timberwood Park. The price-to-rent ratio in Texas is about 15.4.
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,612 | $258,873 | $248,835 |
| Median Household Income | $151,734 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Timberwood Park rose about 15.2%, while median household income rose about 28.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.7% | 56.7% | 58.5% |
| Rental Rate | 15.9% | 33.9% | 31.2% |
| Vacancy Rate | 6.4% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Timberwood Park has a homeownership rate of 77.7%, higher than the Texas average of 56.7%. Its housing vacancy rate is 6.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.11 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2008 | 1990 | 1978 |
| Median Number of Rooms | 7.0 | 5.4 | 5.5 |
The typical housing unit in Timberwood Park was built around 2008. On average, 3.1 people live in a home with about 7.0 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Timberwood Park, Texas.
What is the median home price in Timberwood Park, Texas?
The median home price in Timberwood Park, Texas is $59,612, lower than the Texas average of $258,873.
What is the average home price in Timberwood Park, Texas?
The typical home price in Timberwood Park, Texas, reported as the median sale price, is $59,612. 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 Timberwood Park, Texas?
The median gross rent in Timberwood Park, Texas is $1,879 per month, higher than the Texas average of $1,402.
What was the median gross rent in Timberwood Park in 2020?
In 2020, the median gross rent in Timberwood Park, Texas was $1,655 per month.
What is the price-to-rent ratio in Timberwood Park, Texas?
The price-to-rent ratio in Timberwood Park, Texas is about 2.6, meaning it would take roughly 2.6 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 Timberwood Park.
Are home prices or rent rising faster in Timberwood Park, Texas?
Home prices and rent are moving in opposite directions in Timberwood Park: home prices fell about 8.2% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Timberwood Park, Texas?
77.7% of households in Timberwood Park, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Timberwood Park, Texas?
The housing vacancy rate in Timberwood Park, Texas is 6.4%, lower than the Texas average of 9.4%.
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