Deaf Smith County, Texas Housing Market

In Deaf Smith County, Texas, the median home value is $121,300, with a median monthly rent of $926. This places Deaf Smith County at #2616 nationally out of 3134 counties by median home value, and #181 within Texas.

Median Home Value $121,300
Median Rent $926/mo
Owner Occupancy 66.8%
Price/Rent Ratio 10.9

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Deaf Smith County fell -2.3% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

6,932
jobs (private sector)
  • Avg weekly wage: $1,061
  • Establishments: 455
  • BLS QCEW, 2025
🏗️

Housing Supply

33
new units authorized (2025)
  • Single-family: 15
  • Multi-family: 18
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+191
net migration (filers, 2021-2022)
  • Inflow: 6,384 (avg $55,114)
  • Outflow: 6,193 (avg $58,894)
  • IRS Statistics of Income

How Deaf Smith County Compares

MetricDeaf Smith CountyTexas AverageU.S. Average
Median Home Value $121,300 $186,278 $227,706
Median Gross Rent $926 $997 $968
Owner Occupancy Rate 66.8% 73.2% 73.3%
Price/Rent Ratio 10.9 15.2 18.7

Market Analysis

The median home value in Deaf Smith County is 34.9% below the Texas state average and 46.7% below the U.S. national average. The median rent of $926/month is 7.1% below the state average.

With a price-to-rent ratio of 10.9, buying a home in Deaf Smith 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.

Deaf Smith County has an owner-occupancy rate of 66.8%, compared to 73.2% in Texas and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Potter County South Dakota $121,300 $1,008
Presidio County Texas $121,300 $448
Tyler County West Virginia $121,300 $748
Colquitt County Georgia $121,400 $818
Montgomery County Iowa $121,400 $814

Other Counties in Texas

CountyMedian Home ValueMedian RentOwner Occ.
Presidio County $121,300 $448 77.3%
Red River County $121,500 $1,044 71.5%
Kent County $122,200 $675 79.2%
Morris County $120,400 $859 73.9%
Schleicher County $122,700 $660 84.3%

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).