Crane County, Texas Housing Market
In Crane County, Texas, the median home value is $129,400, with a median monthly rent of $882. This places Crane County at #2500 nationally out of 3134 counties by median home value, and #172 within Texas.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,551
- Establishments: 91
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,624 (avg $68,411)
- Outflow: 1,570 (avg $69,122)
- IRS Statistics of Income
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| Metric | Crane County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $129,400 | $186,278 | $227,706 |
| Median Gross Rent | $882 | $997 | $968 |
| Owner Occupancy Rate | 83.8% | 73.2% | 73.3% |
| Price/Rent Ratio | 12.2 | 15.2 | 18.7 |
Market Analysis
The median home value in Crane County is 30.5% below the Texas state average and 43.2% below the U.S. national average. The median rent of $882/month is 11.5% below the state average.
With a price-to-rent ratio of 12.2, buying a home in Crane County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Crane County has an owner-occupancy rate of 83.8%, compared to 73.2% in Texas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Washington County | Missouri | $129,400 | $684 |
| Jim Hogg County | Texas | $129,400 | $824 |
| Stevens County | Kansas | $129,300 | $927 |
| Jefferson County | Nebraska | $129,500 | $662 |
| Morris County | Kansas | $129,600 | $724 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jim Hogg County | $129,400 | $824 | 56.4% |
| Hockley County | $127,000 | $850 | 72.2% |
| Childress County | $125,400 | $913 | 71.0% |
| Hansford County | $124,800 | $939 | 81.2% |
| Ochiltree County | $134,400 | $891 | 72.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).