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Bell County, TX

Killeen

RANK #900 / 996 NAT  ·  #53 / 69 TX  ·  POP 372,821

1YR FORECAST: -1.2%

5YR OUTLOOK: +12%

Our model projects Bell County's housing market at -1.2% over the next year, underperforming most U.S. counties.

[01] Why Bell County?

Bell County, Texas, is characterized by its blend of small-town atmosphere and access to larger city amenities. Belton, the county seat, offers a historic downtown square and is home to the University of Mary Hardin-Baylor. The county is situated in Central Texas, approximately an hour north of Austin and 30-40 minutes south of Waco, making commutes to these cities feasible. Outdoor recreation is a significant draw, with Belton Lake and Stillhouse Hollow Lake providing opportunities for boating, fishing, and swimming. Numerous parks, like Miller Spring Park and Chalk Ridge Falls, offer trails for hiking and biking, along with scenic views.

Life in Bell County attracts a mix of families, professionals, and military personnel due to its affordability and community focus. The presence of Fort Cavazos (formerly Fort Hood) significantly influences the local population and economy. The economy is diversified, with growth in healthcare, education, and emerging technology sectors. Temple, for instance, is recognized as a medical hub with major healthcare institutions. Manufacturing and distribution also contribute to the economic landscape, benefiting from the county's location along I-35.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+4.5%

Well above national median

Home Prices
-1.6%

Prices declining

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Baylor Scott & White Health Healthcare
    10,000+
  2. 2
    Walmart Retail
    5,000+
  3. 3
    H-E-B Retail
    2,500+
  4. 4
    Fort Hood (U.S. Army) Military
  5. 5
    McLane Company, Inc. Logistics
  6. 6
    Bell County Government
  7. 7
    Belton ISD Education
  8. 8
    University of Mary Hardin-Baylor (UMHB) Education
  9. 9
    Central Texas Veterans Health Care System Healthcare
  10. 10
    Wilsonart International Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Bell County U.S. National

The Numbers

DEMOGRAPHICS
Population
372,821
+2.23% YoY
Median Household Income
$62,858
Median Home Value
$196,300
-1.56% 12mo
Median Rent
$1,095
Average Annual Pay
$62,107
+5.5% YoY
Employment
129,627
+1.1% YoY
Income-to-Home-Value
0.3202
More affordable than average
Migration Inflow
4.64%
of pop. from another state
Bachelor's Degree+
26.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$272,000
Days on Market
98
Slower market
Months of Supply
7.0
Buyer's market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
17.9%
Listings w/ Price Drops
23.0%
Building Permits (2024)
3,243
Single-Family Permits
2,655

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

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.5
per 100K · nat avg 6.3
Firearm Fatalities
19.3
per 100K · nat avg 14.8
Injury Deaths
70.6
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.7
Good
Good Air Days
65%
712 of 1,095 days
Unhealthy+ Days (3yr)
12
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
44
2022
46
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,862M
TOTAL
PROJECT AMOUNT STATUS
Bell County East to Big Hill 765 kV Transmission Line Project
Oncor Electric Delivery and LCRA Transmission Services
$1,900M Proposed
Rowan Digital Infrastructure Data Center Campus
Rowan Digital Infrastructure
$700M Under Construction
Five Wells Solar Center - Hybrid (Battery Storage)
Five Wells Solar Center, LLC
$262M Operating

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

[08] Score Breakdown

GDP Growth +4.5% 78 percentile
Population Growth +2.2% 91 percentile
Income Growth +8.5% 50 percentile
Vacancy Rate 1.7% 14 percentile
Home Price Change -1.6% 18 percentile
Rent Growth -0.2% 10 percentile
Price/Rent 12x 65 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

The data is not encouraging — Bell County scores just 9/100 on the Boom Town Index, ranking #900 of 996 counties. Job growth at +1.1% and median household income of $62,858 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Bell County affordable?

Housing in Bell County is roughly in line with national affordability norms. The median home costs $196,300 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,095/month. Not a bargain, but not a stretch for most local earners either.

Is Bell County growing or shrinking?

Bell County is growing on multiple fronts. Population is up +2.2% year-over-year while employers added jobs at a +1.1% clip. Home values shifted -1.6% in the past year.

Are people moving to Bell County?

There's a moderate stream of newcomers. About 4.64% of residents moved from another state, which is above average and suggests Bell County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Cherokee County, TX 9 Tarrant County, TX 10 San Patricio County, TX 11 Harris County, TX 7 Hunt County, TX 12 Henderson County, TX 12 Howard County, MD 9 Sonoma County, CA 9