Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$504,348−3.1% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 15% have cut their price
Income needed to buy, per year$109,332About 1.3× the local median income ($86,869): a stretch for a typical household
Days on market102 daysAbout the same pace as a year ago
The typical home in Gillespie County, TX is worth $504,348, down 3.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $520,520, so the area is 3.1% undervalued. It is a balanced market, leaning toward buyers: homes take about 102 days to sell, listings are down 8% from a year ago, 15% of listings have had a price cut. A household needs about $109,332 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 $86,869. Typical rent is $2,080 a month. In the latest IRS figures, 315 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
$504,348
Change in 1 year
−3.1%
Overvalued %
−3.1%
Show 6 more
Fair home value
$520,520
Change in 5 years
+4.5%
Home value to income
5.8×
Monthly mortgage payment (20% down)
$2,733
Income needed to afford it
$109,332
Property tax rate
0.98%
Rent and investing
Typical rent
$2,080
Price-to-rent ratio
20.2×
HUD Fair Market Rent, 2 bedrooms
$1,591
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Gross rental yield
4.95%
Cap rate (estimate)
3.22%
Market activity
Listings vs a year ago
−8.4%
Days on market
102
Listings with a price cut
14.9%
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Homes for sale
446
Pending sales per 100 listings
16
Asking price per sq ft
$375
People and jobs
Median household income
$86,869
Population change (1 year)
+1.4%
Unemployment rate
2.7%
Show 4 more
Population
28,527
Income adjusted for cost of living
$98,940
Net moves in (IRS)
+315
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
57.7
Flood risk score
68.1
Show 3 more
Wildfire risk score
84.0
Walkability (1 to 20)
6.4
Road, rail and air noise
54 dB
Questions people ask
Is Gillespie County, TX overvalued?
Home prices in Gillespie County, TX are slightly below what local incomes have historically supported: fair value is about $520,520, so the area is 3.1% undervalued.
Is Gillespie County, TX a buyer's or seller's market?
Gillespie County, TX is a balanced market, leaning toward buyers: homes take about 102 days to sell, listings are down 8% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Gillespie County, TX?
Home values in Gillespie County, TX are down 3.1% over the last year.
How much do you need to earn to buy a home in Gillespie County, TX?
A household needs about $109,332 a year to afford the typical home in Gillespie County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $86,869.