Wylie, Texas Housing Market Prices
Wylie 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 46% above the Texas median$377,526
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Median rent 43% above the Texas median$2,010
Housing Market Overview
| Metric | Wylie | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $377,526 | $258,873 | $248,835 |
| Price Trend (Annual %) | 16.2% | 9.2% | 7.5% |
| Median Gross Rent | $2,010 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wylie is about 46% higher than in Texas. Rent is about 43% higher 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 Wylie, up about 16.2% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Wylie rose about 66.9% between 2015 and 2024, from $1,204 to $2,010. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Wylie.
Buying the median-priced home in Wylie costs roughly 15.7 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 Wylie. The price-to-rent ratio in Texas is about 15.4.
| Metric | Wylie | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $377,526 | $258,873 | $248,835 |
| Median Household Income | $121,106 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wylie rose about 164.8%, while median household income rose about 50.4% 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 | Wylie | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.7% | 56.7% | 58.5% |
| Rental Rate | 20.0% | 33.9% | 31.2% |
| Vacancy Rate | 4.3% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Wylie has a homeownership rate of 75.7%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Wylie | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.14 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2004 | 1990 | 1978 |
| Median Number of Rooms | 6.6 | 5.4 | 5.5 |
The typical housing unit in Wylie was built around 2004. On average, 3.1 people live in a home with about 6.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wylie, Texas.
What is the median home price in Wylie, Texas?
The median home price in Wylie, Texas is $377,526, higher than the Texas average of $258,873.
What is the average home price in Wylie, Texas?
The typical home price in Wylie, Texas, reported as the median sale price, is $377,526. 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 Wylie, Texas?
The median gross rent in Wylie, Texas is $2,010 per month, higher than the Texas average of $1,402.
What was the median gross rent in Wylie in 2020?
In 2020, the median gross rent in Wylie, Texas was $1,538 per month.
What is the price-to-rent ratio in Wylie, Texas?
The price-to-rent ratio in Wylie, Texas is about 15.7, meaning it would take roughly 15.7 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 Wylie.
Are home prices or rent rising faster in Wylie, Texas?
Both home prices and rent are rising in Wylie, up about 16.2% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wylie, Texas?
75.7% of households in Wylie, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Wylie, Texas?
The housing vacancy rate in Wylie, Texas is 4.3%, lower than the Texas average of 9.4%.
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