Housing
Vacancy - 16%
The Bryan-College Station, TX Market ranks 17th in Vacancy across STI Markets with a Vacancy rate of 16%. That is 46,707 Vacant Housing units compared to 245,784 Occupied units.
Average Home Value - $346,860
The Average Home Value for owner occupied housing units in the Bryan-College Station, TX Market is $346,860. This ranks 82nd across STI Markets. Over the last 2 years there has been a change of 8.3% in this markets Average Home Value, compared to a national change of 9.9%. This 2 year change in home values ranks 127th across STI Markets.
Figure 55: Home Value 2year History
Mortgage Risk Level - Low
Mortgage Risk is defined as the ratio of recent residential loan amount to income for new home purchases. The Mortgage Risk for the Bryan-College Station, TX Market is 2.5. The market subsequently ranks 138th across STI Markets. This is considered to be a Low level of mortgage risk.
Affordability Level - Accessible
Overall Affordability can be classified in a similar fashion, comparing the Markets Average Home Value with the Average Household Income. This Affordability ratio currently sits at 3.9. The Bryan-College Station, TX Market therefore earns the Accessible classification for housing affordability and ranks 76th across STI Markets. The following chart shows how markets compare between these two measure. Note the breaks between affordability classifications are 3, 5, and 7.
Figure 60: Affordability Comparision
