Hemphill County, Texas Housing Market
In Hemphill County, Texas, the median home value is $205,700, with a median monthly rent of $836. This places Hemphill County at #1351 nationally out of 3134 counties by median home value, and #77 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: $1,316
- Establishments: 158
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,223 (avg $86,593)
- Outflow: 1,190 (avg $87,495)
- IRS Statistics of Income
How Hemphill County Compares
| Metric | Hemphill County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $205,700 | $186,278 | $227,706 |
| Median Gross Rent | $836 | $997 | $968 |
| Owner Occupancy Rate | 71.1% | 73.2% | 73.3% |
| Price/Rent Ratio | 20.5 | 15.2 | 18.7 |
Market Analysis
The median home value in Hemphill County is 10.4% above the Texas state average and 9.7% below the U.S. national average. The median rent of $836/month is 16.1% below the state average.
With a price-to-rent ratio of 20.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hemphill County has an owner-occupancy rate of 71.1%, 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
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Banner County | Nebraska | $205,700 | $975 |
| Hardin County | Texas | $205,700 | $1,049 |
| Clark County | Kentucky | $205,800 | $938 |
| Polk County | Missouri | $205,800 | $814 |
| Grady County | Oklahoma | $205,800 | $883 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hardin County | $205,700 | $1,049 | 82.3% |
| Montague County | $206,400 | $1,008 | 79.9% |
| Irion County | $204,400 | $1,950 | 82.8% |
| Jackson County | $203,900 | $1,065 | 70.8% |
| Gregg County | $203,400 | $1,102 | 60.3% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).