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 | Wilbarger County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,309 | $248,418 | $242,182 |
| Price Trend (Annual %) | 568.2% | 9.9% | 8.2% |
| Median Gross Rent | $861 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wilbarger County is about 24% lower than in Texas. Rent is about 36% 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 Wilbarger County, up about 568.2% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Wilbarger County rose about 57.0% between 2015 and 2023, from $548 to $861. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Wilbarger County.
Buying the median-priced home in Wilbarger County costs roughly 18.3 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 Wilbarger County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Wilbarger County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,309 | $248,418 | $242,182 |
| Median Household Income | $52,417 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Wilbarger County rose about 308.2%, while median household income rose about 42.3% 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 | Wilbarger County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.7% | 56.5% | 58.2% |
| Rental Rate | 30.3% | 33.8% | 31.3% |
| Vacancy Rate | 19.0% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Wilbarger County has a homeownership rate of 50.7%, lower than the Texas average of 56.5%. Its housing vacancy rate is 19.0%, compared with 9.6% in Texas.
Housing Stock
| Metric | Wilbarger County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1964 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Wilbarger County was built around 1964. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wilbarger County, Texas.
What is the median home price in Wilbarger County, Texas?
The median home price in Wilbarger County, Texas is $189,309, lower than the Texas average of $248,418.
What is the average home price in Wilbarger 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 Wilbarger County, Texas?
The median gross rent in Wilbarger County, Texas is $861 per month, lower than the Texas average of $1,338.
What was the median gross rent in Wilbarger County in 2020?
In 2020, the median gross rent in Wilbarger County, Texas was $688 per month.
What is the price-to-rent ratio in Wilbarger County, Texas?
The price-to-rent ratio in Wilbarger County, Texas is about 18.3, meaning it would take roughly 18.3 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 Wilbarger County.
Are home prices or rent rising faster in Wilbarger County, Texas?
Both home prices and rent are rising in Wilbarger County, up about 568.2% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wilbarger County, Texas?
50.7% of households in Wilbarger County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Wilbarger County, Texas?
The housing vacancy rate in Wilbarger County, Texas is 19.0%, higher than the Texas average of 9.6%.