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 | Williamson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $380,957 | $248,418 | $242,182 |
| Price Trend (Annual %) | 10.3% | 9.9% | 8.2% |
| Median Gross Rent | $1,719 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Williamson County is about 53% higher than in Texas. Rent is about 29% higher 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 Williamson County, up about 10.3% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Williamson County rose about 60.4% between 2015 and 2023, from $1,072 to $1,719. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Williamson County.
Buying the median-priced home in Williamson County costs roughly 18.5 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 Williamson County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Williamson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $380,957 | $248,418 | $242,182 |
| Median Household Income | $108,992 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Williamson County rose about 90.4%, while median household income rose about 56.9% 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 | Williamson County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.4% | 56.5% | 58.2% |
| Rental Rate | 31.7% | 33.8% | 31.3% |
| Vacancy Rate | 3.9% | 9.6% | 10.6% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Williamson County has a homeownership rate of 64.4%, higher than the Texas average of 56.5%. Its housing vacancy rate is 3.9%, compared with 9.6% in Texas.
Housing Stock
| Metric | Williamson County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 2001 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 5.4 | 5.5 |
The typical housing unit in Williamson County was built around 2001. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Williamson County, Texas.
What is the median home price in Williamson County, Texas?
The median home price in Williamson County, Texas is $380,957, higher than the Texas average of $248,418.
What is the average home price in Williamson 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 Williamson County, Texas?
The median gross rent in Williamson County, Texas is $1,719 per month, higher than the Texas average of $1,338.
What was the median gross rent in Williamson County in 2020?
In 2020, the median gross rent in Williamson County, Texas was $1,367 per month.
What is the price-to-rent ratio in Williamson County, Texas?
The price-to-rent ratio in Williamson County, Texas is about 18.5, meaning it would take roughly 18.5 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 Williamson County.
Are home prices or rent rising faster in Williamson County, Texas?
Both home prices and rent are rising in Williamson County, up about 10.3% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Williamson County, Texas?
64.4% of households in Williamson County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Williamson County, Texas?
The housing vacancy rate in Williamson County, Texas is 3.9%, lower than the Texas average of 9.6%.