Tom Green County, Texas Housing Market Prices
Tom Green 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.
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Median home price 56% below the Texas median$114,204
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Median rent 18% below the Texas median More expensive than 80% of counties in Texas$1,153
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tom Green County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,204 | $258,873 | $248,835 |
| Price Trend (Annual %) | 6.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,153 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tom Green County is about 56% lower than in Texas. Rent is about 18% 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 Tom Green County, up about 6.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Tom Green County rose about 49.0% between 2015 and 2024, from $774 to $1,153. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Tom Green County.
Buying the median-priced home in Tom Green County costs roughly 8.3 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 Tom Green County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Tom Green County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,204 | $258,873 | $248,835 |
| Median Household Income | $68,135 | $78,939 | $80,455 |
| Price-to-Income Ratio | 1.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tom Green County rose about 33.4%, while median household income rose about 58.0% 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 | Tom Green County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 56.7% | 58.5% |
| Rental Rate | 31.1% | 33.9% | 31.2% |
| Vacancy Rate | 10.6% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Tom Green County has a homeownership rate of 58.2%, higher than the Texas average of 56.7%. Its housing vacancy rate is 10.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Tom Green County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1979 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Tom Green County was built around 1979. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tom Green County, Texas.
What is the median home price in Tom Green County, Texas?
The median home price in Tom Green County, Texas is $114,204, lower than the Texas average of $258,873.
What is the average home price in Tom Green County, Texas?
The typical home price in Tom Green County, Texas, reported as the median sale price, is $114,204. 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 Tom Green County, Texas?
The median gross rent in Tom Green County, Texas is $1,153 per month, lower than the Texas average of $1,402.
What was the median gross rent in Tom Green County in 2020?
In 2020, the median gross rent in Tom Green County, Texas was $891 per month.
What is the price-to-rent ratio in Tom Green County, Texas?
The price-to-rent ratio in Tom Green County, Texas is about 8.3, meaning it would take roughly 8.3 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 Tom Green County.
Are home prices or rent rising faster in Tom Green County, Texas?
Both home prices and rent are rising in Tom Green County, up about 6.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tom Green County, Texas?
58.2% of households in Tom Green County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Tom Green County, Texas?
The housing vacancy rate in Tom Green County, Texas is 10.6%, higher than the Texas average of 9.4%.
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