30 / 100

Hood County, TX

Granbury East

RANK #687 / 996 NAT  ·  #34 / 69 TX  ·  POP 62,459

1YR FORECAST: -0.4%

5YR OUTLOOK: +19%

#35 Fastest Growing
Our model projects Hood County's housing market at -0.4% over the next year, underperforming most U.S. counties.

[01] Why Hood County?

Lake Granbury, an 8,700-acre reservoir on the Brazos River, defines much of Hood County, Texas, offering residents and visitors opportunities for boating, fishing, and swimming. Granbury, the county seat, is located about 41 miles southwest of Fort Worth, with a typical commute to downtown Fort Worth taking around 45 minutes via US-377. The community maintains a small-town feel, particularly around the historic Granbury Square, which features preserved 19th-century buildings, shops, and restaurants. Beyond the lake, outdoor recreation includes hiking and biking trails at the Acton Nature Center.

Hood County attracts a mix of families seeking smaller school communities and retirees drawn to the lakeside lifestyle and community events. The local economy, while historically rooted in agriculture, is experiencing a shift. Recent developments include significant investment in data centers and energy infrastructure, with several such projects proposed or underway. These industrial projects are influencing the county's economic landscape and prompting discussions about growth and resource management. The county is served by school districts including Granbury ISD, Lipan ISD, and Tolar ISD.

[02] Market Snapshot

Housing Ratio
5.6x

Above national median (4.7x)

GDP Growth
+2.5%

Below national median

Home Prices
+0.4%

Well below national median

Climate & Terrain
1.4

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 5.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Granbury ISD Education
    1,000+
  2. 2
    Lake Granbury Medical Center Healthcare
    500+
  3. 3
    Hood County Government Government
  4. 4
    Walmart Retail
    250+
  5. 5
    Luminant (DeCordova Plant) Energy
    100+
  6. 6
    First National Bank Texas Finance
  7. 7
    Jerry Durant Chevy Buick GMC Retail

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

[04] Home Value Growth vs National

Hood County U.S. National

The Numbers

DEMOGRAPHICS
Population
62,459
+3.2% YoY
Median Household Income
$80,013
Median Home Value
$249,400
+0.38% 12mo
Median Rent
$1,255
Average Annual Pay
$51,551
+3.8% YoY
Employment
18,544
+2.8% YoY
Income-to-Home-Value
0.3208
More affordable than average
Migration Inflow
5.83%
of pop. from another state
Bachelor's Degree+
31.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$337,250
Days on Market
113
Slower market
Months of Supply
8.5
Buyer's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
16.4%
Listings w/ Price Drops
26.6%
Building Permits (2024)
141
Single-Family Permits
141

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

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.9
per 100K · nat avg 6.3
Firearm Fatalities
21.5
per 100K · nat avg 14.8
Injury Deaths
98.0
per 100K · nat avg 76.3
vs National Average
Below 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)
37.3
Good
Good Air Days
85%
915 of 1,078 days
Unhealthy+ Days (3yr)
23
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
35
2022
38
2023
39
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

$4,546M
TOTAL
PROJECT AMOUNT STATUS
NRG Tolar Power Center (Natural Gas Plant)
NRG
$2,000M Proposed
MARA Granbury Digital Asset Data Center
MARA
$1,200M Operating
Comanche Circle Project (Data Center Campus)
Sailfish
$500M Proposed
Fort Spunky Data Center and Power Plant
Pacifico Energy
$500M Proposed
Rain Lily Solar and Storage Project
EE North America
$191M Planned
Apache Hill Energy Centre (Battery Energy Storage System)
Vitis Energy
$155M Under Construction

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

[08] Score Breakdown

GDP Growth +2.5% 47 percentile
Population Growth +3.2% 96 percentile
Income Growth +5.5% 5 percentile
Vacancy Rate 1.7% 17 percentile
Home Price Change +0.4% 36 percentile
Rent Growth +1.6% 28 percentile
Price/Rent 12x 61 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

At 30/100, Hood County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $80,013 combined with job growth of +2.8% suggests the local economy is struggling to keep pace with national trends.

Is Hood County affordable?

Housing in Hood County is roughly in line with national affordability norms. The median home costs $249,400 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,255/month. Not a bargain, but not a stretch for most local earners either.

Is Hood County growing or shrinking?

Hood County is growing on multiple fronts. Population is up +3.2% year-over-year while employers added jobs at a +2.8% clip. Home values shifted +0.4% in the past year.

Are people moving to Hood County?

In significant numbers — 5.83% of Hood County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Hidalgo County, TX 30 Medina County, TX 33 Wilson County, TX 27 Guadalupe County, TX 26 Smith County, TX 35 Brazos County, TX 25 Georgetown County, SC 30 St. Francois County, MO 30