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 | Winkler County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,666 | $248,418 | $242,182 |
| Price Trend (Annual %) | 33.1% | 9.9% | 8.2% |
| Median Gross Rent | $900 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winkler County is about 17% higher than in Texas. Rent is about 33% 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 Winkler County, up about 33.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Winkler County rose about 45.4% between 2015 and 2023, from $619 to $900. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Winkler County.
Buying the median-priced home in Winkler County costs roughly 27.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Winkler County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Winkler County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,666 | $248,418 | $242,182 |
| Median Household Income | $93,276 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winkler County rose about 431.7%, while median household income rose about 132.5% 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 | Winkler County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.0% | 56.5% | 58.2% |
| Rental Rate | 11.7% | 33.8% | 31.3% |
| Vacancy Rate | 13.3% | 9.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Winkler County has a homeownership rate of 75.0%, higher than the Texas average of 56.5%. Its housing vacancy rate is 13.3%, compared with 9.6% in Texas.
Housing Stock
| Metric | Winkler County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1971 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Winkler County was built around 1971. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winkler County, Texas.
What is the median home price in Winkler County, Texas?
The median home price in Winkler County, Texas is $291,666, higher than the Texas average of $248,418.
What is the average home price in Winkler 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 Winkler County, Texas?
The median gross rent in Winkler County, Texas is $900 per month, lower than the Texas average of $1,338.
What was the median gross rent in Winkler County in 2020?
In 2020, the median gross rent in Winkler County, Texas was $830 per month.
What is the price-to-rent ratio in Winkler County, Texas?
The price-to-rent ratio in Winkler County, Texas is about 27.0, meaning it would take roughly 27.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Winkler County.
Are home prices or rent rising faster in Winkler County, Texas?
Both home prices and rent are rising in Winkler County, up about 33.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winkler County, Texas?
75.0% of households in Winkler County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Winkler County, Texas?
The housing vacancy rate in Winkler County, Texas is 13.3%, higher than the Texas average of 9.6%.