Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$338,569−0.2% YoY · prices are flat
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$73,395About 1.1× the local median income ($65,488): a stretch for a typical household
Days on market92 daysSlower than a year ago: buyers have time to negotiate
The typical home in Erath County, TX is worth $338,569, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $298,324, so the area is 13.5% overvalued. It is a balanced market, leaning toward buyers: homes take about 92 days to sell, listings are down 8% from a year ago, 14% of listings have had a price cut. A household needs about $73,395 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,488. Typical rent is $1,014 a month. In the latest IRS figures, 70 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$338,569
Change in 1 year
−0.2%
Overvalued %
+13.5%
Show 6 more
Fair home value
$298,324
Change in 5 years
+24.6%
Home value to income
5.2×
Monthly mortgage payment (20% down)
$1,835
Income needed to afford it
$73,395
Property tax rate
1.07%
Rent and investing
Typical rent
$1,014
Price-to-rent ratio
27.8×
HUD Fair Market Rent, 2 bedrooms
$1,260
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Gross rental yield
3.60%
Cap rate (estimate)
2.34%
Market activity
Listings vs a year ago
−7.5%
Days on market
92
Listings with a price cut
13.7%
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Homes for sale
196
Pending sales per 100 listings
19
Asking price per sq ft
$212
People and jobs
Median household income
$65,488
Population change (1 year)
−0.2%
Unemployment rate
5.7%
Show 4 more
Population
43,911
Income adjusted for cost of living
$74,588
Net moves in (IRS)
+70
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
7.9
FEMA hazard risk score (0 to 100)
75.0
Flood risk score
72.1
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Wildfire risk score
95.5
Walkability (1 to 20)
6.8
Road, rail and air noise
53 dB
Questions people ask
Is Erath County, TX overvalued?
Home prices in Erath County, TX are well above what local incomes have historically supported: fair value is about $298,324, so the area is 13.5% overvalued.
Is Erath County, TX a buyer's or seller's market?
Erath County, TX is a balanced market, leaning toward buyers: homes take about 92 days to sell, listings are down 8% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Erath County, TX?
Home values in Erath County, TX are down 0.2% over the last year.
How much do you need to earn to buy a home in Erath County, TX?
A household needs about $73,395 a year to afford the typical home in Erath County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,488.