Watauga, Texas Housing Market Prices
Watauga 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 72% below the Texas median$72,607
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Median rent 47% above the Texas median$2,060
Housing Market Overview
| Metric | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,607 | $258,873 | $248,835 |
| Price Trend (Annual %) | 22.7% | 9.2% | 7.5% |
| Median Gross Rent | $2,060 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Watauga is about 72% lower than in Texas. Rent is about 47% higher 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 Watauga, up about 22.7% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Watauga rose about 57.8% between 2015 and 2024, from $1,306 to $2,060. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Watauga.
Buying the median-priced home in Watauga costs roughly 2.9 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 Watauga. The price-to-rent ratio in Texas is about 15.4.
| Metric | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,607 | $258,873 | $248,835 |
| Median Household Income | $92,733 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Watauga fell about 21.2%, while median household income rose about 36.0% 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 | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.8% | 56.7% | 58.5% |
| Rental Rate | 19.1% | 33.9% | 31.2% |
| Vacancy Rate | 4.1% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Watauga has a homeownership rate of 76.8%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.1%, compared with 9.4% in Texas.
Housing Stock
| Metric | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1982 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Watauga was built around 1982. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Watauga, TX Housing Compared With Nearby Cities
Watauga, TX is the smallest of the 4 cities compared here, 21,886 residents against a local median of 41,093. The measure that sets Watauga, TX apart most is median home price: $72,607, 82% below the local median of $412,970.
Homeownership tells the same story from another angle: 80.1% against a local median of 64.6%, 24% above it. The one measure here that carries a verdict is homeownership, and at 24% above the local median it puts Watauga, TX at the better end of the local range. The cities themselves spread $385,327 on median home price, so Watauga, TX sits at one end of an already wide local range rather than apart from it. Watauga, TX has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Watauga, TX | 21,886 | $72,607 #4/4 | $2,060 #2/4 | 80.1% #2/4 |
| North Richland Hills, TX | 71,246 | $412,970 | $1,695 | 64.6% |
| Keller, TX | 41,093 | $680,517 | $2,085 | 80.8% |
| Hurst, TX | 39,545 | $295,190 | $1,386 | 59.5% |
Frequently Asked Questions
Common questions about the housing market in Watauga, Texas.
What is the median home price in Watauga, Texas?
The median home price in Watauga, Texas is $72,607, lower than the Texas average of $258,873.
What is the average home price in Watauga, Texas?
The typical home price in Watauga, Texas, reported as the median sale price, is $72,607. 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 Watauga, Texas?
The median gross rent in Watauga, Texas is $2,060 per month, higher than the Texas average of $1,402.
What was the median gross rent in Watauga in 2020?
In 2020, the median gross rent in Watauga, Texas was $1,460 per month.
What is the price-to-rent ratio in Watauga, Texas?
The price-to-rent ratio in Watauga, Texas is about 2.9, meaning it would take roughly 2.9 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 Watauga.
Are home prices or rent rising faster in Watauga, Texas?
Both home prices and rent are rising in Watauga, up about 22.7% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Watauga, Texas?
76.8% of households in Watauga, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Watauga, Texas?
The housing vacancy rate in Watauga, Texas is 4.1%, lower than the Texas average of 9.4%.
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