Real Estate Market

Last updated: September 2026

📈 12-Month Price Trend — Tom Green

Median home price over the last 12 months. Source: Zillow Research.

📋 Market Summary

🏘️ Housing Profile

Source: US Census Bureau, American Community Survey 5-Year Estimates.

🗺️ Nearby County Comparison

🏠 Buying a Home in Tom Green

Tom Green County, home to the city of San Angelo, offers prospective homebuyers a refreshingly affordable entry point into Texas real estate. With a median home price of $230,038, buyers here enjoy significantly more purchasing power than they would in major Texas metros like Austin, Dallas, or Houston, where median prices routinely exceed $400,000 or more. That affordability, combined with a median household income of $67,215, means many residents can realistically aspire to homeownership without stretching their finances to the breaking point. Whether you're a first-time buyer looking for a starter home near downtown San Angelo or a growing family seeking something with more space on the outskirts of the county, Tom Green's price range opens the door to a wide variety of housing options. Current market conditions in Tom Green reflect a modest cooling trend, with median home prices dipping approximately 0.6% compared to the previous month. While that figure alone isn't cause for alarm, it does suggest buyers may have a bit more negotiating room than they would have had during the hotter seller's markets of recent years. This subtle shift can work in your favor if you're willing to act decisively when the right property becomes available. Sellers who have been holding firm on prices may now be more open to concessions, whether that's covering a portion of closing costs, making repairs, or simply coming down slightly from their asking price. When approaching a home purchase in Tom Green County, preparation is everything. Getting pre-approved for a mortgage before you start touring homes signals to sellers that you're a serious buyer and gives you a clear picture of your budget. Working with a local real estate agent who knows the nuances of the San Angelo and broader Tom Green market can also give you a competitive edge, especially when evaluating neighborhoods, school districts, and long-term property value potential. It's also worth factoring in Texas property taxes, which can be higher than the national average, so be sure to account for that ongoing cost when determining what purchase price works best for your financial situation. Beyond the numbers, Tom Green County offers a genuine quality of life that draws both longtime Texans and newcomers from across the country. San Angelo boasts a vibrant arts scene anchored by the San Angelo Museum of Fine Arts, a thriving local food and dining culture, and outdoor recreation along the Concho River and at O.C. Fisher Reservoir. The region's West Texas landscape offers wide-open spaces, mild winters, and a slower pace of life that many urban transplants find deeply appealing. With a homeownership rate of 67.5%, well above the national average, it's clear that residents here are planting roots — a strong signal that Tom Green is a community worth investing in for the long haul.

🏢 Renting in Tom Green

The rental market in Tom Green County is notably affordable by both Texas and national standards, with a median monthly rent of $1,024. That figure represents a meaningful value proposition for residents who aren't yet ready to purchase or who prefer the flexibility that renting provides. San Angelo, as the county seat and largest city, serves as the hub of the local rental market, offering everything from modest apartment complexes near Angelo State University to single-family homes in established neighborhoods. Renters on a budget will find that their dollar stretches considerably further here than it would in larger Texas cities, and even mid-range rental properties tend to include amenities like off-street parking, yards, and additional storage space that urban renters often pay a premium to access. At $1,024 per month, renters in Tom Green County can generally expect to find comfortable, well-maintained housing across a variety of property types. That budget can realistically secure a one- or two-bedroom apartment in a centrally located complex, or potentially a small single-family home depending on the neighborhood and specific property condition. Renters drawn to the area by Angelo State University or one of the county's major employers will find neighborhoods close to key destinations that don't require a lengthy commute. Utilities in the region are also generally reasonable, and the overall cost of living in West Texas tends to be lower than state and national averages across categories like groceries and transportation, making a rental dollar go even further in everyday life. For those weighing whether to rent or buy in Tom Green County, the math increasingly favors purchasing for anyone with stable income and the ability to make a down payment. A median home price of $230,038 financed through a conventional 30-year mortgage at current interest rates would result in a monthly principal and interest payment that could be comparable to or only modestly higher than the median rent of $1,024 — and that payment builds equity over time rather than going entirely to a landlord. Renting still makes perfect sense for those who are new to the area and want to explore different neighborhoods before committing, or for residents who value mobility for professional reasons. However, with a homeownership rate of 67.5% reflecting the community's strong preference for ownership, many Tom Green residents eventually find that buying is the smarter long-term financial move given local price levels.

📖 Tom Green Real Estate Market History

Tom Green County has deep roots in West Texas ranching and agriculture, with San Angelo founded in the late 19th century as a supply point for frontier military operations at Fort Concho. The fort itself, established in 1867, anchored early settlement patterns and helped establish San Angelo as a regional hub long before modern infrastructure arrived. The wool and mohair industries became economic cornerstones through much of the 20th century, with Tom Green County at one point earning recognition as one of the leading sheep and goat producing regions in the United States. This agricultural foundation gave the local real estate market a character defined by large rural tracts, working ranches, and modest residential development in San Angelo, a pattern that shaped land values and housing stock for generations. The evolution of Tom Green County's economy in the latter half of the 20th century brought important diversification that ultimately strengthened its real estate market. Shannon Medical Center, one of the largest hospitals in West Texas, became a major employer and helped anchor a growing healthcare sector that continues to drive residential demand today. Angelo State University, part of the Texas Tech University System, added an educational anchor that brings thousands of students, faculty, and staff to the region each year. The military presence at Goodfellow Air Force Base in nearby San Angelo has also played a significant and sustained role in shaping local housing demand, with service members and their families representing a consistent pool of both buyers and renters that helps stabilize the market even during national downturns. Over the past decade, Tom Green County's real estate market has followed broader national trends toward rising prices while remaining insulated from the extreme volatility seen in Texas's largest metros. The pandemic-era real estate boom of 2020 through 2022 brought increased interest from remote workers and buyers priced out of cities like Austin, pushing prices upward even in mid-sized and rural Texas markets like San Angelo. That momentum has since tempered, as evidenced by the current modest month-over-month price dip of 0.6%, reflecting a broader market normalization occurring across Texas. Still, the county's combination of institutional employers, military activity, university enrollment, and agricultural heritage has given its housing market a resilience that distinguishes it from more speculative real estate environments, and long-term homeowners in the area have generally seen steady, if unspectacular, appreciation in property values over time.

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Data sourced from Zillow Research and Redfin Data Center. Updated monthly.