Cost of Living in Hopkins County, Texas

$1,038/mo

Median Monthly Rent

$193,200

Median Home Value

8% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,038/mo

8% above state average

Median Home Value

$193,200

31% below national

Rent-to-Income Ratio

25.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Hopkins County Compares

Median monthly rent comparison

Hopkins County$1,038/mo

Texas Average$963/mo

National Median$1,163/mo

Detailed Housing Stats

$1,038/mo

Median Gross Rent

$193,200

Median Home Value

$832/mo

Monthly Owner Cost

25.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Hopkins County, Texas

Hopkins stretches income against rising rents

Hopkins County renters dedicate 19.2% of income to rent—above the national standard—despite median income of $64,725 trailing the national median ($74,755). The $1,038 monthly rent here reflects Northeast Texas's gradual shift from rural to commuter-belt status.

Slightly above state affordability norms

Hopkins's 19.2% rent-to-income ratio edges past Texas's 18.1% state average, placing it in the less affordable tier of Texas counties. The $1,038 rent is 7.8% higher than the state median, signaling increased demand from Dallas-area commuters.

Pricier than rural counties, cheaper than metro

Hopkins's $1,038 rent sits between Henderson ($978) and Hays ($1,417), reflecting its position as a bedroom-community bridge. Owner costs at $832 monthly mirror Henderson's $809 and undercut Hays's $1,787, suggesting more moderate real estate appreciation.

Housing takes 31% of income

Renters spend 19.2% ($1,038) of the $64,725 median income on rent, while homeowners allocate 15.5% ($832) to mortgages—combined 34.7%. This leaves households with less cushion than lower-rent counties, particularly as inflation rises.

Commuter option with trade-offs

Hopkins works for Dallas area workers seeking smaller-town life: $1,038 rents and $193,200 homes beat metro prices, though the 19.2% rent burden is creeping up. Compare carefully with Hill County ($929) or Henderson ($978) if affordability matters more than commute convenience.

Affordability Calculator

See how your income compares to housing costs in Hopkins County

Your Annual Household Income

Rent Burden

19.2%

of gross income

Max Housing (28% Rule)

$1,510

per month

Owner Cost Burden

15.4%

of gross income

The median home in Hopkins County may be a stretch

Median home value is $193,200. Estimated monthly cost: $1,542 vs. your max of $1,510.

Rent Affordability Guide

Your rent-to-income ratio19.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hopkins County, Texas?

Hopkins County, Texas has a median monthly rent of $1,038/mo and a median home value of $193,200. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.

What is the median rent in Hopkins County?

The median gross rent in Hopkins County is $1,038/mo. This is 8% above state average for Texas.

Is Hopkins County affordable?

Hopkins County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Hopkins County's rent compare to the state average?

Hopkins County's median rent of $1,038/mo is 8% above state average of $963/mo for Texas.

What is the median home value in Hopkins County?

The median home value in Hopkins County, Texas is $193,200. This is 31% below the national median home value of $281,900.