Fayette County, Texas Housing Market
In Fayette County, Texas, the median home value is $293,900, with a median monthly rent of $988. This places Fayette County at #656 nationally out of 3134 counties by median home value, and #33 within Texas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,058
- Establishments: 796
- BLS QCEW, 2025
Housing Supply
- Single-family: 16
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,584 (avg $93,290)
- Outflow: 10,026 (avg $92,365)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Fayette County Compares
| Metric | Fayette County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $293,900 | $186,278 | $227,706 |
| Median Gross Rent | $988 | $997 | $968 |
| Owner Occupancy Rate | 79.4% | 73.2% | 73.3% |
| Price/Rent Ratio | 24.8 | 15.2 | 18.7 |
Market Analysis
The median home value in Fayette County is 57.8% above the Texas state average and 29.1% above the U.S. national average. The median rent of $988/month is 0.9% below the state average.
With a price-to-rent ratio of 24.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Fayette County has an owner-occupancy rate of 79.4%, 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 |
|---|---|---|---|
| Butler County | Pennsylvania | $294,200 | $1,041 |
| Mason County | Texas | $293,600 | $800 |
| Benewah County | Idaho | $293,500 | $875 |
| Fayette County | Kentucky | $293,500 | $1,164 |
| Prince George County | Virginia | $293,400 | $1,594 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mason County | $293,600 | $800 | 79.7% |
| Brazos County | $296,000 | $1,193 | 46.8% |
| Austin County | $296,900 | $1,137 | 76.5% |
| Somervell County | $289,500 | $773 | 80.0% |
| Washington County | $288,100 | $1,165 | 69.8% |
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).