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 | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,495 | $248,418 | $242,182 |
| Price Trend (Annual %) | -0.3% | 9.9% | 8.2% |
| Median Gross Rent | $1,150 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Victoria County is about 14% lower than in Texas. Rent is about 14% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Victoria County: home prices fell about 0.3% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
Median rent in Victoria County rose about 45.1% between 2015 and 2023, from $793 to $1,150. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Victoria County.
Buying the median-priced home in Victoria County costs roughly 15.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Victoria County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,495 | $248,418 | $242,182 |
| Median Household Income | $71,183 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Victoria County rose about 15.3%, while median household income rose about 55.4% between 2009 and 2023 — 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 | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 56.5% | 58.2% |
| Rental Rate | 28.2% | 33.8% | 31.3% |
| Vacancy Rate | 13.0% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Victoria County has a homeownership rate of 58.8%, higher than the Texas average of 56.5%. Its housing vacancy rate is 13.0%, compared with 9.6% in Texas.
Housing Stock
| Metric | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1979 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Victoria County was built around 1979. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Victoria County, Texas.
What is the median home price in Victoria County, Texas?
The median home price in Victoria County, Texas is $212,495, lower than the Texas average of $248,418.
What is the average home price in Victoria 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 Victoria County, Texas?
The median gross rent in Victoria County, Texas is $1,150 per month, lower than the Texas average of $1,338.
What was the median gross rent in Victoria County in 2020?
In 2020, the median gross rent in Victoria County, Texas was $960 per month.
What is the price-to-rent ratio in Victoria County, Texas?
The price-to-rent ratio in Victoria County, Texas is about 15.4, meaning it would take roughly 15.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Victoria County.
Are home prices or rent rising faster in Victoria County, Texas?
Home prices and rent are moving in opposite directions in Victoria County: home prices fell about 0.3% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Victoria County, Texas?
58.8% of households in Victoria County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Victoria County, Texas?
The housing vacancy rate in Victoria County, Texas is 13.0%, higher than the Texas average of 9.6%.