Wise County, Texas Housing Market Prices
Wise 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.
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Median home price 18% below the Texas median$211,538
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Median rent 7% below the Texas median More expensive than 88% of counties in Texas$1,299
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,538 | $258,873 | $248,835 |
| Price Trend (Annual %) | 7.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,299 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wise County is about 18% lower than in Texas. Rent is about 7% 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 Wise County, up about 7.8% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Wise County rose about 46.9% between 2015 and 2024, from $884 to $1,299. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Wise County.
Buying the median-priced home in Wise County costs roughly 13.6 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 Wise County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,538 | $258,873 | $248,835 |
| Median Household Income | $92,724 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wise County rose about 67.4%, while median household income rose about 53.3% 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 | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.3% | 56.7% | 58.5% |
| Rental Rate | 17.0% | 33.9% | 31.2% |
| Vacancy Rate | 8.7% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Wise County has a homeownership rate of 74.3%, higher than the Texas average of 56.7%. Its housing vacancy rate is 8.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.94 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1996 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.4 | 5.5 |
The typical housing unit in Wise County was built around 1996. On average, 2.9 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Wise County, TX Housing Compared With Nearby Counties
Wise County, TX is the 4th largest of the 5 counties compared here, 75,004 residents against a local median of 572,115. Where Wise County, TX breaks from the counties next to it is median home price, sitting 25% below the local median of $281,606 at $211,538.
The counties themselves spread $218,134 on median home price, so Wise County, TX sits at one end of an already wide local range rather than apart from it. Wise County, TX has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wise County, TX | 75,004 | $211,538 #5/5 | $1,299 #4/5 | 81.4% #1/5 |
| Parker County, TX | 165,168 | $240,818 | $1,500 | 80.7% |
| Montague County, TX | 21,046 | $218,000 | $1,008 | 79.9% |
| Denton County, TX | 979,063 | $436,133 | $1,728 | 65.5% |
| Tarrant County, TX | 2,166,122 | $322,393 | $1,547 | 59.3% |
Frequently Asked Questions
Common questions about the housing market in Wise County, Texas.
What is the median home price in Wise County, Texas?
The median home price in Wise County, Texas is $211,538, lower than the Texas average of $258,873.
What is the average home price in Wise County, Texas?
The typical home price in Wise County, Texas, reported as the median sale price, is $211,538. 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 Wise County, Texas?
The median gross rent in Wise County, Texas is $1,299 per month, lower than the Texas average of $1,402.
What was the median gross rent in Wise County in 2020?
In 2020, the median gross rent in Wise County, Texas was $1,030 per month.
What is the price-to-rent ratio in Wise County, Texas?
The price-to-rent ratio in Wise County, Texas is about 13.6, meaning it would take roughly 13.6 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 Wise County.
Are home prices or rent rising faster in Wise County, Texas?
Both home prices and rent are rising in Wise County, up about 7.8% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wise County, Texas?
74.3% of households in Wise County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Wise County, Texas?
The housing vacancy rate in Wise County, Texas is 8.7%, lower than the Texas average of 9.4%.
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