Mitchell County, Texas Housing Market
In Mitchell County, Texas, the median home value is $85,800, with a median monthly rent of $524. This places Mitchell County at #3047 nationally out of 3134 counties by median home value, and #230 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: $1,401
- Establishments: 146
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,422 (avg $65,643)
- Outflow: 2,220 (avg $68,257)
- IRS Statistics of Income
How Mitchell County Compares
| Metric | Mitchell County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $85,800 | $186,278 | $227,706 |
| Median Gross Rent | $524 | $997 | $968 |
| Owner Occupancy Rate | 78.7% | 73.2% | 73.3% |
| Price/Rent Ratio | 13.6 | 15.2 | 18.7 |
Market Analysis
The median home value in Mitchell County is 53.9% below the Texas state average and 62.3% below the U.S. national average. The median rent of $524/month is 47.4% below the state average.
With a price-to-rent ratio of 13.6, buying a home in Mitchell County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Mitchell County has an owner-occupancy rate of 78.7%, 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 |
|---|---|---|---|
| McPherson County | South Dakota | $85,600 | $594 |
| Dimmit County | Texas | $85,500 | $823 |
| Hall County | Texas | $86,100 | $529 |
| Sioux County | North Dakota | $85,400 | $444 |
| Dillon County | South Carolina | $85,400 | $679 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dimmit County | $85,500 | $823 | 66.5% |
| Hall County | $86,100 | $529 | 73.6% |
| Swisher County | $86,300 | $783 | 66.4% |
| Motley County | $88,000 | $675 | 76.5% |
| Lamb County | $82,400 | $968 | 74.0% |
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).