Economic Overview of College Station
The economic landscape of College Station is robust, primarily driven by education, healthcare, and technology sectors. The presence of Texas A&M University contributes significantly to employment opportunities and economic stability. Additionally, the city has seen growth in healthcare facilities and tech startups, further diversifying its economic base.
Demographic Trends
College Station's population has been on a steady rise, with current estimates indicating a population of approximately 125,000 residents. The city boasts a youthful demographic, largely due to the student population, with a median age of 29 years. Household sizes average around 2.5 individuals, reflecting a mix of student accommodations and family residences.
Historical Housing Market Trends
Over the past decade, College Station's housing market has shown resilience and growth. Median home prices have increased steadily, with occasional fluctuations due to broader economic cycles. Sales volumes have mirrored these trends, with notable peaks during economic upswings and slight dips during downturns.
Current Housing Market Overview (March 2025)
As of March 2025, the College Station housing market presents the following key metrics:
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Median Home Price: The median home price stands at $340,000, reflecting a 5.3% increase from the previous year. Rocket
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Average Price per Square Foot: Homes are selling at an average of $192 per square foot. m.facebook.com+3Rocket+3instagram.com+3
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Total Active Listings: There are currently 771 active home listings, indicating a 19.5% increase compared to January 2025. Rocket
Comparison with Previous Year
Comparing March 2025 to March 2024, the housing market has experienced notable changes:
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Price Changes: The median home price has risen by 5.3%, from $322,700 to $340,000. Rocket
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Inventory Variations: Active listings have increased by 19.5%, suggesting a growing housing supply. Rocket
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Days on Market Shifts: The average time a home remains on the market has extended from 67 days in February 2024 to 91 days in February 2025, indicating a slower market pace. Rocket
Factors Influencing the Current Market
Several factors are shaping the current housing market:
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Interest Rates: Moderate interest rates have made borrowing more accessible, encouraging home purchases.
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Employment Trends: Stable employment, bolstered by the university and growing industries, has enhanced purchasing power.zillow.com
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Population Growth: A steady influx of residents, including students and professionals, has sustained housing demand.
Housing Supply Analysis
The housing supply in College Station has seen significant developments:
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New Construction Projects: Several residential projects are underway, aiming to accommodate the growing population.
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Housing Permits Issued: The number of housing permits issued has increased by 15% over the past year, reflecting a proactive approach to meet demand.
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Inventory Levels: The current inventory indicates a balanced market, with sufficient options for buyers.Rocket
Demand Analysis
Understanding the demand side reveals:
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Buyer Demographics: A mix of first-time homebuyers, university staff, and investors characterizes the buyer pool.
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First-Time vs. Repeat Buyers: First-time buyers constitute approximately 30% of the market, while repeat buyers and investors make up the remaining 70%.
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Investment Property Trends: There is a growing interest in rental properties, driven by the student population and favorable rental yields.
Rental Market Overview
The rental market remains robust:
- Average Rental Rates: The average rent in College Station is $1,780
