Emerald Bay: Housing & Real Estate
Emerald Bay homes sell at a median $351,000 (estimated market value runs 19% higher at $417,585), with median rent $-666,666,666. Homeownership rate: 100.0%. That's 1.5× higher than the Smith County median ($240,700); 1.2× higher than the Texas median ($283,800). Market is warm. Vacancy rate 4.0%. New construction makes up 15.0% of stock. A municipal building code is in effect.
- 3.6× annual income — home value vs. household income (vs Texas 3.9×).
- 4-BR rent is 2.2× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $351,000 — 1.3× the Texas median ($277,800). Median rent $-666,666,666/month. homeownership rate 100.0% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 3.6× |
|---|---|
| Affordability · Affordable | Yes |
| Affordability · Interpretation | affordable |
| Fair Market Rent · Studio rent | $738 (vs Texas $1,280) |
| Fair Market Rent · One-bedroom rent | $855 (vs Texas $1,323) |
| Fair Market Rent · Two-bedroom rent | $1,070 (vs Texas $1,573) |
| Fair Market Rent · Three-bedroom rent | $1,283 (vs Texas $2,116) |
| Fair Market Rent · Four-bedroom rent | $1,604 (vs Texas $2,639) |
| Fair Market Rent · HUD FMR area | Deaf Smith County, TX |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $417,585 |
| Median Home Value | $351,000 (vs Texas $277,800) |
| Median Rent | $-666,666,666 (vs Texas $1,361) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 4.0% |
| Housing Market · New construction (% of stock) | 15.0% |
| Housing Market · Price Appreciation 2Yr | 25.7% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Texas median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 2.8% (vs Texas 83.2%) |
| Broadband · Broadband-capable premises | 673 |
| Electricity · Electricity rate (¢/kWh) | 14.94¢/kWh |
| Electricity · Customers | 12547863 |
| Electricity · Revenue Millions | $24,652 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Home Parks Detail · County total | 3 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 100.0% (vs Texas 57.0%) |
|---|---|
| Median Year Built | 1987 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12