Wheeler County, Texas Housing Market Prices
Wheeler County 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.
-
Median home price 42% below the Texas median$150,625
-
Median rent 31% below the Texas median$969
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wheeler County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,625 | $258,873 | $248,835 |
| Price Trend (Annual %) | 17.7% | 9.2% | 7.5% |
| Median Gross Rent | $969 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wheeler County is about 42% lower than in Texas. Rent is about 31% 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 Wheeler County, up about 17.7% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Wheeler County rose about 56.9% between 2015 and 2024, from $618 to $969. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Wheeler County.
Buying the median-priced home in Wheeler County costs roughly 13.0 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 Wheeler County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Wheeler County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,625 | $258,873 | $248,835 |
| Median Household Income | $60,087 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wheeler County rose about 125.9%, while median household income rose about 39.3% between 2009 and 2025 — 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 | Wheeler County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.4% | 56.7% | 58.5% |
| Rental Rate | 17.6% | 33.9% | 31.2% |
| Vacancy Rate | 26.0% | 9.4% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Wheeler County has a homeownership rate of 56.4%, about the same as the Texas average of 56.7%. Its housing vacancy rate is 26.0%, compared with 9.4% in Texas.
Housing Stock
| Metric | Wheeler County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1968 | 1990 | 1978 |
| Median Number of Rooms | 5.9 | 5.4 | 5.5 |
The typical housing unit in Wheeler County was built around 1968. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 19.0 years on average.
Wheeler County, TX Housing Compared With Nearby Counties
How Wheeler County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wheeler County, TX | 4,862 | $150,625 #1/3 | $969 #1/3 | 76.2% #2/3 |
| Gray County, TX | 21,045 | $112,499 | $932 | 76.4% |
| Beckham County, OK | 22,144 | $109,120 | $904 | 67.8% |
Frequently Asked Questions
Common questions about the housing market in Wheeler County, Texas.
What is the median home price in Wheeler County, Texas?
The median home price in Wheeler County, Texas is $150,625, lower than the Texas average of $258,873.
What is the average home price in Wheeler County, Texas?
The typical home price in Wheeler County, Texas, reported as the median sale price, is $150,625. 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 Wheeler County, Texas?
The median gross rent in Wheeler County, Texas is $969 per month, lower than the Texas average of $1,402.
What was the median gross rent in Wheeler County in 2020?
In 2020, the median gross rent in Wheeler County, Texas was $800 per month.
What is the price-to-rent ratio in Wheeler County, Texas?
The price-to-rent ratio in Wheeler County, Texas is about 13.0, meaning it would take roughly 13.0 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 Wheeler County.
Are home prices or rent rising faster in Wheeler County, Texas?
Both home prices and rent are rising in Wheeler County, up about 17.7% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wheeler County, Texas?
56.4% of households in Wheeler County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Wheeler County, Texas?
The housing vacancy rate in Wheeler County, Texas is 26.0%, higher than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →