Tyler, Texas Housing Market Prices
Tyler 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 24% below the Texas median$196,296
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Median rent 14% below the Texas median$1,211
Housing Market Overview
| Metric | Tyler | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,296 | $258,873 | $248,835 |
| Price Trend (Annual %) | 4.3% | 9.2% | 7.5% |
| Median Gross Rent | $1,211 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tyler is about 24% lower than in Texas. Rent is about 14% 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 Tyler, up about 4.3% and 5.3% a year respectively. Rent is changing faster.
Median rent in Tyler rose about 51.8% between 2015 and 2024, from $798 to $1,211. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Tyler.
Buying the median-priced home in Tyler costs roughly 13.5 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 Tyler. The price-to-rent ratio in Texas is about 15.4.
| Metric | Tyler | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,296 | $258,873 | $248,835 |
| Median Household Income | $66,415 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tyler rose about 40.5%, while median household income rose about 58.3% 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 | Tyler | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.3% | 56.7% | 58.5% |
| Rental Rate | 35.9% | 33.9% | 31.2% |
| Vacancy Rate | 16.8% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Tyler has a homeownership rate of 47.3%, lower than the Texas average of 56.7%. Its housing vacancy rate is 16.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | Tyler | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1977 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Tyler was built around 1977. On average, 2.7 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tyler, Texas.
What is the median home price in Tyler, Texas?
The median home price in Tyler, Texas is $196,296, lower than the Texas average of $258,873.
What is the average home price in Tyler, Texas?
The typical home price in Tyler, Texas, reported as the median sale price, is $196,296. 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 Tyler, Texas?
The median gross rent in Tyler, Texas is $1,211 per month, lower than the Texas average of $1,402.
What was the median gross rent in Tyler in 2020?
In 2020, the median gross rent in Tyler, Texas was $924 per month.
What is the price-to-rent ratio in Tyler, Texas?
The price-to-rent ratio in Tyler, Texas is about 13.5, meaning it would take roughly 13.5 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 Tyler.
Are home prices or rent rising faster in Tyler, Texas?
Both home prices and rent are rising in Tyler, up about 4.3% and 5.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Tyler, Texas?
47.3% of households in Tyler, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Tyler, Texas?
The housing vacancy rate in Tyler, Texas is 16.8%, higher than the Texas average of 9.4%.
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