Parmer County, Texas Housing Market
In Parmer County, Texas, the median home value is $146,700, with a median monthly rent of $1,081. This places Parmer County at #2289 nationally out of 3134 counties by median home value, and #162 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: $1,147
- Establishments: 306
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,269 (avg $56,870)
- Outflow: 3,202 (avg $56,766)
- IRS Statistics of Income
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| Metric | Parmer County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $146,700 | $186,278 | $227,706 |
| Median Gross Rent | $1,081 | $997 | $968 |
| Owner Occupancy Rate | 72.1% | 73.2% | 73.3% |
| Price/Rent Ratio | 11.3 | 15.2 | 18.7 |
Market Analysis
The median home value in Parmer County is 21.2% below the Texas state average and 35.6% below the U.S. national average. The median rent of $1,081/month is 8.4% above the state average.
With a price-to-rent ratio of 11.3, buying a home in Parmer 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.
Parmer County has an owner-occupancy rate of 72.1%, 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 |
|---|---|---|---|
| Mercer County | Illinois | $146,700 | $786 |
| Texas County | Missouri | $146,700 | $665 |
| Dickinson County | Kansas | $146,800 | $901 |
| Bent County | Colorado | $146,900 | $1,162 |
| Wheeler County | Nebraska | $146,500 | $509 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sherman County | $146,900 | $835 | 76.3% |
| Cass County | $146,400 | $852 | 76.6% |
| Sterling County | $147,000 | $952 | 77.7% |
| Lynn County | $147,300 | $927 | 77.0% |
| Potter County | $147,300 | $1,022 | 57.3% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).