Gillespie County, Texas Housing Market
In Gillespie County, Texas, the median home value is $460,700, with a median monthly rent of $1,340. This places Gillespie County at #176 nationally out of 3134 counties by median home value, and #5 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: $1,000
- Establishments: 1,189
- BLS QCEW, 2025
Housing Supply
- Single-family: 51
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,205 (avg $135,856)
- Outflow: 11,390 (avg $133,126)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Gillespie County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 78028 | 295.7 | +1.24% | 2025 |
| 2 | 78624 | 385.5 | +3.46% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Gillespie County Compares
| Metric | Gillespie County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $460,700 | $186,278 | $227,706 |
| Median Gross Rent | $1,340 | $997 | $968 |
| Owner Occupancy Rate | 74.9% | 73.2% | 73.3% |
| Price/Rent Ratio | 28.7 | 15.2 | 18.7 |
Market Analysis
The median home value in Gillespie County is 147.3% above the Texas state average and 102.3% above the U.S. national average. The median rent of $1,340/month is 34.4% above the state average.
With a price-to-rent ratio of 28.7, Gillespie County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Gillespie County has an owner-occupancy rate of 74.9%, 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 |
|---|---|---|---|
| El Paso County | Colorado | $461,000 | $1,696 |
| Dare County | North Carolina | $460,400 | $1,345 |
| Calvert County | Maryland | $460,200 | $1,759 |
| Wake County | North Carolina | $461,300 | $1,623 |
| Oconee County | Georgia | $461,600 | $1,462 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Williamson County | $447,000 | $1,796 | 66.4% |
| Collin County | $475,600 | $1,859 | 64.5% |
| Blanco County | $483,500 | $1,017 | 76.2% |
| Denton County | $437,200 | $1,728 | 65.5% |
| Comal County | $427,200 | $1,603 | 76.6% |
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).