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 | Titus County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,499 | $248,418 | $242,182 |
| Price Trend (Annual %) | 16.3% | 9.9% | 8.2% |
| Median Gross Rent | $817 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Titus County is about 16% higher than in Texas. Rent is about 39% 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 Titus County, up about 16.3% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Titus County rose about 28.3% between 2015 and 2023, from $637 to $817. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Titus County.
Buying the median-priced home in Titus County costs roughly 29.3 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 Titus County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Titus County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,499 | $248,418 | $242,182 |
| Median Household Income | $59,527 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Titus County rose about 192.9%, while median household income rose about 49.8% 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 | Titus County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 56.5% | 58.2% |
| Rental Rate | 28.2% | 33.8% | 31.3% |
| Vacancy Rate | 9.1% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Titus County has a homeownership rate of 62.7%, higher than the Texas average of 56.5%. Its housing vacancy rate is 9.1%, compared with 9.6% in Texas.
Housing Stock
| Metric | Titus County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Titus County was built around 1982. On average, 2.8 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Titus County, Texas.
What is the median home price in Titus County, Texas?
The median home price in Titus County, Texas is $287,499, higher than the Texas average of $248,418.
What is the average home price in Titus 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 Titus County, Texas?
The median gross rent in Titus County, Texas is $817 per month, lower than the Texas average of $1,338.
What was the median gross rent in Titus County in 2020?
In 2020, the median gross rent in Titus County, Texas was $729 per month.
What is the price-to-rent ratio in Titus County, Texas?
The price-to-rent ratio in Titus County, Texas is about 29.3, meaning it would take roughly 29.3 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 Titus County.
Are home prices or rent rising faster in Titus County, Texas?
Both home prices and rent are rising in Titus County, up about 16.3% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Titus County, Texas?
62.7% of households in Titus County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Titus County, Texas?
The housing vacancy rate in Titus County, Texas is 9.1%, lower than the Texas average of 9.6%.