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 | Tyler County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,094 | $248,418 | $242,182 |
| Price Trend (Annual %) | 22.0% | 9.9% | 8.2% |
| Median Gross Rent | $951 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tyler County is about 77% lower than in Texas. Rent is about 29% 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 Tyler County, up about 22.0% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Tyler County rose about 49.3% between 2015 and 2023, from $637 to $951. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Tyler County.
Buying the median-priced home in Tyler County costs roughly 5.1 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 County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Tyler County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,094 | $248,418 | $242,182 |
| Median Household Income | $50,860 | $76,510 | $78,145 |
| Price-to-Income Ratio | 1.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tyler County rose about 193.8%, while median household income rose about 52.8% 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 | Tyler County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.7% | 56.5% | 58.2% |
| Rental Rate | 15.8% | 33.8% | 31.3% |
| Vacancy Rate | 25.5% | 9.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Tyler County has a homeownership rate of 58.7%, higher than the Texas average of 56.5%. Its housing vacancy rate is 25.5%, compared with 9.6% in Texas.
Housing Stock
| Metric | Tyler County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1985 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Tyler County was built around 1985. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tyler County, Texas.
What is the median home price in Tyler County, Texas?
The median home price in Tyler County, Texas is $58,094, lower than the Texas average of $248,418.
What is the average home price in Tyler 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 Tyler County, Texas?
The median gross rent in Tyler County, Texas is $951 per month, lower than the Texas average of $1,338.
What was the median gross rent in Tyler County in 2020?
In 2020, the median gross rent in Tyler County, Texas was $765 per month.
What is the price-to-rent ratio in Tyler County, Texas?
The price-to-rent ratio in Tyler County, Texas is about 5.1, meaning it would take roughly 5.1 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 County.
Are home prices or rent rising faster in Tyler County, Texas?
Both home prices and rent are rising in Tyler County, up about 22.0% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tyler County, Texas?
58.7% of households in Tyler County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Tyler County, Texas?
The housing vacancy rate in Tyler County, Texas is 25.5%, higher than the Texas average of 9.6%.