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 | Zapata County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,410 | $248,418 | $242,182 |
| Price Trend (Annual %) | 23.3% | 9.9% | 8.2% |
| Median Gross Rent | $568 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Zapata County is about 33% lower than in Texas. Rent is about 58% 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 Zapata County, up about 23.3% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Zapata County rose about 36.9% between 2015 and 2023, from $415 to $568. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Zapata County.
Buying the median-priced home in Zapata County costs roughly 24.5 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 Zapata County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Zapata County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,410 | $248,418 | $242,182 |
| Median Household Income | $36,084 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Zapata County rose about 273.5%, while median household income rose about 74.3% 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 | Zapata County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 56.5% | 58.2% |
| Rental Rate | 18.8% | 33.8% | 31.3% |
| Vacancy Rate | 25.8% | 9.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Zapata County has a homeownership rate of 55.4%, lower than the Texas average of 56.5%. Its housing vacancy rate is 25.8%, compared with 9.6% in Texas.
Housing Stock
| Metric | Zapata County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.96 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 4.6 | 5.4 | 5.5 |
The typical housing unit in Zapata County was built around 1989. On average, 3.0 people live in a home with about 4.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Zapata County, Texas.
What is the median home price in Zapata County, Texas?
The median home price in Zapata County, Texas is $167,410, lower than the Texas average of $248,418.
What is the average home price in Zapata 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 Zapata County, Texas?
The median gross rent in Zapata County, Texas is $568 per month, lower than the Texas average of $1,338.
What was the median gross rent in Zapata County in 2020?
In 2020, the median gross rent in Zapata County, Texas was $513 per month.
What is the price-to-rent ratio in Zapata County, Texas?
The price-to-rent ratio in Zapata County, Texas is about 24.5, meaning it would take roughly 24.5 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 Zapata County.
Are home prices or rent rising faster in Zapata County, Texas?
Both home prices and rent are rising in Zapata County, up about 23.3% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Zapata County, Texas?
55.4% of households in Zapata County, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Zapata County, Texas?
The housing vacancy rate in Zapata County, Texas is 25.8%, higher than the Texas average of 9.6%.