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Hays County, TX

RANK #975 / 996  ·  POP 245,351  ·  TX

PROJECTED GROWTH: -4.2%

Hays County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Hays County?

Hays County, Texas, is often recognized for Jacob's Well Natural Area, a significant artesian spring and the headwaters of Cypress Creek, offering swimming and hiking opportunities. Located in south-central Texas, approximately 23 miles southwest of Austin, the county blends hilly, tree-covered ranch land with agricultural plains. Commuting to Austin is common, with Interstate 35 serving as a primary route. The community offers access to numerous parks and natural areas like Blue Hole Regional Park and Spring Lake Natural Area, providing trails for walking, running, birding, and swimming.

Life in Hays County attracts a mix of families and professionals, many of whom commute to nearby cities. The economy is experiencing growth, driven by investments in commercial and residential development. Educational institutions, including Texas State University in San Marcos, contribute to a skilled workforce. The county has also seen expansion in industrial and logistics sectors, alongside some manufacturing activity. Public schools in Hays County are generally well-regarded.

[02] Market Snapshot

Housing Ratio
7.0x

Overvalued relative to economy

GDP Growth
+7.3%

Well above national median

Home Prices
-5.3%

Prices declining

Climate & Terrain
2.2

Moderate climate & terrain

Price/Rent
18x

Above national median (13x)

Housing looks overvalued at 7.0x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hays County U.S. National

The Numbers

DEMOGRAPHICS
Population
245,351
+4.59% YoY
Median Household Income
$79,990
Median Home Value
$335,700
-5.33% 12mo
Median Rent
$1,355
Average Annual Pay
$54,838
+3.4% YoY
Employment
95,598
+5.5% YoY
Income-to-Home-Value
0.2383
Near national average
Migration Inflow
8.41%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$355,500
Days on Market
114
Slower market
Months of Supply
5.8
Buyer's market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
11.6%
Listings w/ Price Drops
31.5%
Building Permits (2024)
5,405
Single-Family Permits
3,918

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,040M
TOTAL
PROJECT AMOUNT STATUS
Border States Tenant Improvement
Firecracker 6 Industrial Owner LLC
$1,000M Under Construction
Hays CISD Bond Program (Educational Facilities, Athletics, Technology)
Hays CISD
$969M Planned
Waterstone Unit A
DRP TX3, LLC
$603M Under Construction
Texas State Hilltop Housing Phase II
Texas State University System
$228M Under Construction
Amazon Fulfillment and Logistics Centers (Multiple Locations)
Amazon
$191M Operating
CloudBurst Data Centers - San Marcos Data Center I (Phase 1)
CloudBurst Data Centers / Evolve Holdings
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +7.3% 94 percentile
Population Growth +4.6% 100 percentile
Income Growth +12.6% 97 percentile
Vacancy Rate 0.9% 62 percentile
Home Price Change -5.3% 2 percentile
Rent Growth +0.3% 13 percentile
Price/Rent 18x 16 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Hays County, TX a good place to move to?

Hays County has a Boom Town Index score of 2/100, ranking #975 among 996 U.S. counties. With job growth at +5.5% and a median household income of $79,990, it faces some economic headwinds compared to faster-growing counties.

Is Hays County affordable?

The median home value in Hays County is $335,700 with median rent at $1,355/month. The income-to-home-value ratio is 0.2383, which is less affordable than the national average.

Is Hays County growing or shrinking?

Population growth: +4.6% year-over-year. Job growth: +5.5%. Home values changed -5.3% in the past 12 months.

Are people moving to Hays County?

Yes — 8.41% of Hays County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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