Hays County, Texas Housing Market

In Hays County, Texas, the median home value is $399,800, with a median monthly rent of $1,495. This places Hays County at #287 nationally out of 3134 counties by median home value, and #10 within Texas.

Median Home Value $399,800
Median Rent $1,495/mo
Owner Occupancy 64.1%
Price/Rent Ratio 22.3

📈 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 Hays County fell -0.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

82,255
jobs (private sector)
  • Avg weekly wage: $1,067
  • Establishments: 6,329
  • BLS QCEW, 2025
🏗️

Housing Supply

4,595
new units authorized (2025)
  • Single-family: 4,153
  • Multi-family: 442
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+8390
net migration (filers, 2021-2022)
  • Inflow: 99,896 (avg $107,349)
  • Outflow: 91,506 (avg $105,115)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 5 active ZIP codes in Hays County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 78619 334.3 — 2025
2 78652 349.0 -4.26% 2025
3 78736 385.6 +1.62% 2025
4 78737 384.0 -3.07% 2025
5 78739 337.6 +26.12% 2022

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.

How Hays County Compares

MetricHays CountyTexas AverageU.S. Average
Median Home Value $399,800 $186,278 $227,706
Median Gross Rent $1,495 $997 $968
Owner Occupancy Rate 64.1% 73.2% 73.3%
Price/Rent Ratio 22.3 15.2 18.7

Market Analysis

The median home value in Hays County is 114.6% above the Texas state average and 75.6% above the U.S. national average. The median rent of $1,495/month is 49.9% above the state average.

With a price-to-rent ratio of 22.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Hays County has an owner-occupancy rate of 64.1%, 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
Poquoson city Virginia $400,300 $1,707
Hanover County Virginia $400,400 $1,591
Park County Wyoming $400,500 $925
Dutchess County New York $400,600 $1,582
Ocean County New Jersey $398,400 $1,755

Other Counties in Texas

CountyMedian Home ValueMedian RentOwner Occ.
Rockwall County $415,500 $1,992 82.5%
Parker County $375,900 $1,500 80.7%
Fort Bend County $374,500 $1,807 77.0%
Comal County $427,200 $1,603 76.6%
Denton County $437,200 $1,728 65.5%

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).