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 | Upton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $207,143 | $248,418 | $242,182 |
| Price Trend (Annual %) | 39.9% | 9.9% | 8.2% |
| Median Gross Rent | $688 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 2.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Upton County is about 17% lower than in Texas. Rent is about 49% 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 Upton County, up about 39.9% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Upton County rose about 5.8% between 2015 and 2023, from $650 to $688. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Upton County.
Buying the median-priced home in Upton County costs roughly 25.1 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 Upton County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Upton County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $207,143 | $248,418 | $242,182 |
| Median Household Income | $54,276 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Upton County rose about 294.6%, while median household income rose about 30.9% 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 | Upton County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 56.5% | 58.2% |
| Rental Rate | 20.1% | 33.8% | 31.3% |
| Vacancy Rate | 18.7% | 9.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Upton County has a homeownership rate of 61.2%, higher than the Texas average of 56.5%. Its housing vacancy rate is 18.7%, compared with 9.6% in Texas.
Housing Stock
| Metric | Upton County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Upton County was built around 1977. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Upton County, Texas.
What is the median home price in Upton County, Texas?
The median home price in Upton County, Texas is $207,143, lower than the Texas average of $248,418.
What is the average home price in Upton 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 Upton County, Texas?
The median gross rent in Upton County, Texas is $688 per month, lower than the Texas average of $1,338.
What was the median gross rent in Upton County in 2020?
In 2020, the median gross rent in Upton County, Texas was $780 per month.
What is the price-to-rent ratio in Upton County, Texas?
The price-to-rent ratio in Upton County, Texas is about 25.1, meaning it would take roughly 25.1 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 Upton County.
Are home prices or rent rising faster in Upton County, Texas?
Both home prices and rent are rising in Upton County, up about 39.9% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Upton County, Texas?
61.2% of households in Upton County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Upton County, Texas?
The housing vacancy rate in Upton County, Texas is 18.7%, higher than the Texas average of 9.6%.