Wood County, Texas Housing Market Prices
Wood 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 9% above the Texas median More expensive than 76% of counties in Texas$282,777
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Median rent 39% below the Texas median$862
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,777 | $258,873 | $248,835 |
| Price Trend (Annual %) | 12.5% | 9.2% | 7.5% |
| Median Gross Rent | $862 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 1.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wood County is about 9% higher than in Texas. Rent is about 39% 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 Wood County, up about 12.5% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Wood County rose about 16.9% between 2015 and 2024, from $737 to $862. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Wood County.
Buying the median-priced home in Wood County costs roughly 27.3 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 Wood County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,777 | $258,873 | $248,835 |
| Median Household Income | $60,416 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wood County rose about 261.7%, while median household income rose about 48.4% 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 | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 56.7% | 58.5% |
| Rental Rate | 16.6% | 33.9% | 31.2% |
| Vacancy Rate | 16.6% | 9.4% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Wood County has a homeownership rate of 66.8%, higher than the Texas average of 56.7%. Its housing vacancy rate is 16.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1990 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Wood County was built around 1990. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Wood County, TX Housing Compared With Nearby Counties
Wood County, TX is the 2nd largest of the 4 counties compared here, 46,961 residents against a local median of 37,784. Where Wood County, TX breaks from the counties next to it is median home price, sitting 52% above the local median of $185,885 at $282,777.
Median rent tells the same story from another angle: $862 against a local median of $1,108, 22% below it. The counties themselves spread $246,508 on median home price, so Wood County, TX sits at one end of an already wide local range rather than apart from it. Wood County, TX has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wood County, TX | 46,961 | $282,777 #1/4 | $862 #4/4 | 80.1% #2/4 |
| Hopkins County, TX | 37,784 | $21,791 | $1,108 | 71.1% |
| Franklin County, TX | 10,632 | $268,299 | $936 | 82.0% |
| Smith County, TX | 241,737 | $185,885 | $1,238 | 68.8% |
Frequently Asked Questions
Common questions about the housing market in Wood County, Texas.
What is the median home price in Wood County, Texas?
The median home price in Wood County, Texas is $282,777, higher than the Texas average of $258,873.
What is the average home price in Wood County, Texas?
The typical home price in Wood County, Texas, reported as the median sale price, is $282,777. 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 Wood County, Texas?
The median gross rent in Wood County, Texas is $862 per month, lower than the Texas average of $1,402.
What was the median gross rent in Wood County in 2020?
In 2020, the median gross rent in Wood County, Texas was $788 per month.
What is the price-to-rent ratio in Wood County, Texas?
The price-to-rent ratio in Wood County, Texas is about 27.3, meaning it would take roughly 27.3 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 Wood County.
Are home prices or rent rising faster in Wood County, Texas?
Both home prices and rent are rising in Wood County, up about 12.5% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wood County, Texas?
66.8% of households in Wood County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Wood County, Texas?
The housing vacancy rate in Wood County, Texas is 16.6%, higher than the Texas average of 9.4%.
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