Somervell County, Texas Housing Market
In Somervell County, Texas, the median home value is $289,500, with a median monthly rent of $773. This places Somervell County at #679 nationally out of 3134 counties by median home value, and #35 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: $1,652
- Establishments: 256
- BLS QCEW, 2025
Housing Supply
- Single-family: 27
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,584 (avg $99,457)
- Outflow: 3,316 (avg $98,456)
- IRS Statistics of Income
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| Metric | Somervell County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $289,500 | $186,278 | $227,706 |
| Median Gross Rent | $773 | $997 | $968 |
| Owner Occupancy Rate | 80.0% | 73.2% | 73.3% |
| Price/Rent Ratio | 31.2 | 15.2 | 18.7 |
Market Analysis
The median home value in Somervell County is 55.4% above the Texas state average and 27.1% above the U.S. national average. The median rent of $773/month is 22.5% below the state average.
With a price-to-rent ratio of 31.2, Somervell County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Somervell County has an owner-occupancy rate of 80.0%, 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 |
|---|---|---|---|
| Moffat County | Colorado | $289,500 | $1,039 |
| Georgetown County | South Carolina | $289,500 | $1,204 |
| Botetourt County | Virginia | $289,200 | $1,035 |
| Kent County | Michigan | $289,900 | $1,243 |
| Norfolk city | Virginia | $289,900 | $1,321 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington County | $288,100 | $1,165 | 69.8% |
| Johnson County | $285,900 | $1,398 | 74.7% |
| Mason County | $293,600 | $800 | 79.7% |
| Fayette County | $293,900 | $988 | 79.4% |
| Brazos County | $296,000 | $1,193 | 46.8% |
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).