McLennan County, Texas Housing Market
In McLennan County, Texas, the median home value is $243,600, with a median monthly rent of $1,173. This places McLennan County at #941 nationally out of 3134 counties by median home value, and #49 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: $1,219
- Establishments: 5,774
- BLS QCEW, 2025
Housing Supply
- Single-family: 770
- Multi-family: 672
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 98,447 (avg $76,325)
- Outflow: 93,923 (avg $76,499)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in McLennan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 76707 | 487.2 | +7.77% | 2025 |
| 2 | 76705 | 327.2 | +1.08% | 2025 |
| 3 | 76638 | 287.0 | +5.91% | 2025 |
| 4 | 76710 | 318.9 | -0.19% | 2025 |
| 5 | 76708 | 299.2 | -0.32% | 2025 |
| 6 | 76643 | 289.8 | -1.52% | 2025 |
| 7 | 76712 | 296.1 | +3.01% | 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 McLennan County Compares
| Metric | McLennan County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $243,600 | $186,278 | $227,706 |
| Median Gross Rent | $1,173 | $997 | $968 |
| Owner Occupancy Rate | 61.8% | 73.2% | 73.3% |
| Price/Rent Ratio | 17.3 | 15.2 | 18.7 |
Market Analysis
The median home value in McLennan County is 30.8% above the Texas state average and 7.0% above the U.S. national average. The median rent of $1,173/month is 17.7% above the state average.
With a price-to-rent ratio of 17.3, the buy-vs-rent decision in McLennan County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
McLennan County has an owner-occupancy rate of 61.8%, 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
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| DeKalb County | Illinois | $243,600 | $1,049 |
| Rio Arriba County | New Mexico | $243,700 | $740 |
| Jasper County | Georgia | $243,400 | $970 |
| Dearborn County | Indiana | $243,400 | $845 |
| Smith County | Tennessee | $243,800 | $922 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Glasscock County | $245,200 | $648 | 68.5% |
| Hunt County | $241,700 | $1,222 | 71.3% |
| Rains County | $241,100 | $989 | 82.6% |
| Bell County | $241,000 | $1,224 | 56.5% |
| Smith County | $240,700 | $1,238 | 68.8% |
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).